Tag Archives: Financial Institutions

Fiat Currency Defined

Fiat Currency Defined

What does Fiat Currency mean? Fiat Currency Defined:  fi·at  [fee-aht, -at; fahy–uh t, -at] noun fiat; plural noun: fiats a formal authorization or proposition; a decree. “The King ruled by fiat”,   “A political union imposed through imperial fiat”   An arbitrary order. “By royal fiat”  Fiat currency defined: Fiat currency is legal tender, not backed by collateral (i.e.,  gold),

ISDAfix Swap Rate Manipulation - Q&A

Making Sense of The ISDAfix Swap Rate Suit

So, what’s the Lawsuit all About and Why is Our Cat so Annoyed? 13 banks are being sued by Alaska Electrical Pension Board (AEPB) over ISDAfix Swap Rate Manipulation. The banks named are Bank of America, Barlclays, BNP Paribas, Citibank, Credit Suisse, Deutschebank, Goldman Sachs, Royal Bank of Scotland, J.P. Morgan, Chase Bank, Nomura Group, HSBC,

Reform Costs Lower Bank Revenue Projections

Reform Costs Lower Bank Revenue Projections

Tabb Group recently conducted 50 interviews with asset managers, hedge funds, banks and insurance companies that buy and sell interest-rate and credit-default swaps. It also used proprietary data and information available from SEFs, clearinghouses and swap data repositories. ,Click here to receive TABB Forum Survey Request Form.   Reform Costs Lower Bank Revenue Projections Bank revenues are expected to fall by

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