AIG Move Creates Trading Jitters

15 Feb 2008

An accounting benefit crucial to booking negative-basis trades came under scrutiny last week and this has trading officials concerned it could spell the end of a lucrative strategy.

An accounting benefit crucial to booking negative-basis trades came under scrutiny last week and this has trading officials concerned it could spell the end of a lucrative strategy. American International Group said last week it would have a write-down of at least USD5 billion linked to an accounting ...

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