Bank of Montreal (BMO) allocated C$1.5 billion (US$1.1 billion) in provisions for credit losses (PCLs) in the three months ending October 2024, the most on record for a single quarter.
Credit default swap (CDS) contracts referencing embattled Swedish debt collector Intrum face an uncertain payout from Thursday’s (January 16) default auction, as the derivatives market mechanism ...
Buyers of credit protection on Swedish debt collector Intrum will see a 24% payout on their derivatives contracts after a default auction earlier today (January 16), largely in line with the secondary ...
Ian Hale has left his role as head of sterling rates trading at UBS. It’s understood Hale left the role in December and is weighing up his options regarding his next move.