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    Credit default swaps

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    Add this topic to your myFT Digest for news straight to your inbox

    • Wednesday, 23 August, 2023
      Well I would ask 500 times

      “And I would ask 500 more / just to be the man who prompts a default *on* Casino’s CDS”

    • Thursday, 17 August, 2023
      Casino Guichard-Perrachon SA
      What does the CDS market have in common with a toddler?

      They don’t want to take no for an answer. Especially in supermarkets

    • Friday, 11 August, 2023
      Credit default swaps are so back

      It’s single-name CDS, too . . . the good stuff

    • Tuesday, 11 July, 2023
      Gilts
      UK plans to overturn ban on ‘naked’ short selling in gilt market

      Restrictions inherited from the EU on betting against sovereign debt have hurt liquidity, says Treasury

      The Treasury building in London
    • Thursday, 18 May, 2023
      Credit Suisse CDS: déjà vu all over again

      If at first you don’t succeed . . . 

    • Monday, 15 May, 2023
      European banks
      Schrödinger’s swap: the audacious plan to trigger Credit Suisse’s CDS

      So crazy it might just work?

    • Thursday, 11 May, 2023
      Financial services
      ISDA* happening!

      The determinations committee has been summoned

    • Thursday, 13 April, 2023
      US politics & policy
      Debt ceiling jitters drive up cost of insuring against US default

      Investors shun government debt maturing this summer amid Washington stalemate on raising borrowing limit

      The US Capitol building
    • Monday, 3 April, 2023
      Inside BusinessJonathan Guthrie
      How default swaps become instruments of mass deception

      Recent Deutsche drama shows that CDS are a bad barometer of whether a bank is in trouble

      Headquarters of Deutsche Bank
    • Tuesday, 28 March, 2023
      Top ECB official claims CDS market ‘contaminates’ bank stocks and deposit flows

      Sharp moves in thinly-traded credit insurance needs scrutiny, Andrea Enria says

      Andrea Enria, chair of the ECB supervisory board, speaking at a summit in 2017
    • Saturday, 18 March, 2023
      Credit Suisse Group AG
      Cost of insuring Credit Suisse debt dwarfs that of other banks

      The price of Swiss lender’s credit default swaps climbs to record high this week

      Swiss flag outside a Credit Suisse bank
    • Wednesday, 8 March, 2023
      Capital markets
      Does Treasury bedlam beckon?

      CDS market is starting to get the jitters

    • Tuesday, 8 November, 2022
      Hedge funds
      Big hedge funds shop for bargains in corporate debt markets

      Some managers say bond prices have fallen too far relative to the risk of default

      Sir Michael Hintze, Paul Singer and Daniel Loeb
    • Tuesday, 1 November, 2022
      Corporate bonds
      The surprisingly chilled bear market — credit edition

      Even CDS indices indicate little serious stress

    • Thursday, 13 October, 2022
      Introducing a eurozone perpetual anxiety index

      There’s no clear reason to worry, so start worrying

    • Monday, 3 October, 2022
      Credit Suisse Group AG
      Credit Suisse CDS hit record high as shares tumble

      Swiss bank fails to calm concerns as cost of buying its credit default swaps soars

      A Credit Suisse bank branch in Geneva
    • Wednesday, 1 June, 2022
      Russian business & finance
      Russia’s ‘failure to pay’ bond interest triggers credit default swaps

      International derivatives panel’s decision paves way for $2.5bn of payouts on insurance-like contracts

      Vladimir Putin attends a meeting
    • Wednesday, 9 March, 2022
      Pimco
      Pimco stands to lose billions if Russia defaults on its debt

      Fund manager exposed to derivatives bet of at least $1.1bn and holds $1.5bn of sovereign bonds

    • Sunday, 6 March, 2022
      Investors fret over default protection for Russian bonds

      Debt has collapsed in value but sanctions mean insurance-like products may not pay out

      Antiwar protesters in Caracas, Venezuela, on Friday
    • Monday, 28 February, 2022
      Sovereign bonds
      Russian bonds tumble as new sanctions trigger default fears

      Cost to protect against default rises as western allies seek to cut Moscow’s access to foreign markets

      A man uses his smartphone near a board showing currency exchange rates
    • Monday, 17 January, 2022
      Lex
      CDSs/SEC: easier to spotlight wheezes than stop them Premium content

      Legal threat will probably have intended chilling effect on the most aggressive hedge funds

      A pedestrian walks near the US Securities and Exchange Commission headquarters in Washington
    • Thursday, 14 January, 2021
      Europcar debt investors left empty-handed after CDS ‘squeeze’

      Derivatives designed to insure against default prove worthless

      Europcar defaulted on its debt as part of a financial restructuring struck at the end of last year
    • Tuesday, 8 December, 2020
      Airlines
      Investors see lower risk of default by US airlines

      Credit default swap prices tumble as lawmakers discuss aid package and vaccine nears

    • Thursday, 8 October, 2020
      Vatican
      Vatican used charity funds to bet on Hertz credit derivatives

      ‘Gambling’ bets placed under watch of Cardinal Becciu, who was forced to resign last month

      Cardinal Giovanni Angelo Becciu was stripped of his rights as a cardinal by the Pope over what Cardinal Becciu described as an allegation of ‘misappropriation’
    • Thursday, 6 August, 2020
      News in-depthESG investing
      Slow start for CDS index reveals challenge for sustainable investment

      Market participants report just a handful of early trades in index designed to hedge exposures

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