How London created a snarl in global markets: SIVs fueled debt boom, but now banks scramble to prop up the funds
Article Abstract:
The structured investment vehicle (SIV) market, launched by UK firm Gordian Knot Ltd., is facing a possible economic and financial crisis. Industry observers fear that large SIVs will have to unload mortgage-backed securities and other assets totaling billions of dollars. The significant negative impact on banks and other financial institutions is discussed.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Asian stocks are back in vogue
Article Abstract:
International fund managers called on investors to make more investments in Asian stocks as they reduce their cash and bond holdings. The fund managers are hoping for a economic recovery worldwide.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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