23.11.2011 - Funds battle banks over $300 trillion derivatives market
Some of the world's biggest financial firms are locked in a battle over the control of large banks in the $300 trillion market for privately traded derivatives in the United States. The fight pits dealers such as JPMorgan, Morgan Stanley and Deutsche Bank against much of the rest of the financial industry. At the heart of the dispute is a set of seemingly obscure rules that, however esoteric, may help decide the winners and losers in the industry, an opaque market blamed as a major contributor to the 2008 financial crisis...............................................Full Article: Source
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