Markets

Several Wall Street banks want to offer a toxic investment product for the first time since the financial crisis — even though it’s the same one that caused the crash

Banks are rushing to sell investors synthetic collateralized debt obligations for the first time since the financial crisis, International Financing Review reported Friday. The assets are related to those that fuelled the financial industry’s collapse and the Great Recession. Money managers seeking high yields are eyeing the sale of collateralized […]
Several Wall Street banks want to offer a toxic investment product for the first time since the financial crisis — even though it’s the same one that caused the crash