Monday, February 18, 2008

BANKING analysts are warning that Australia’s biggest banks have become major players in the credit-default swap trade, despite warnings that the deals are opaque and the risks unclear.

Banks at risk from default swaps

A spokesman for NAB, which is Australia's second-largest lender after the Commonweath, refused to confirm whether the bank had monoline exposure.

Posted by chris @ 07:28 PM (424 views)
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