Credit holds the line in face of panic at subprime losses
Global credit markets stood their ground this week in the face of a new wave of volatility, triggered by the collapse on Wednesday of two hedge funds run by Bear Stearns, which imploded as losses on subprime mortgage investments spiralled.
A shiver of panic ran through the market as traders feared this might be the Big One of regulators nightmares: a systemic risk infection stemming from the structured credit market.
Lenders to Bear Stearns struggled on Wednesday and yesterday (Thursday) to liquidate the assets of the funds, which were
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.