"We're trying to get around the [Federal Deposit Insurance Corp.] guarantee, so if someone wants to invest USD5 million they can do it with us."
--Deryk Rhodes, an official in the structured products group at Newbridge Securities, on issuing structured certificates of deposit from several banks under one special purpose vehicle to take advantage of the FDIC guarantee.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
