A Secretive Banking Elite Rules Trading in Derivatives
Submitted by manager on Sun, 2010-12-12 23:59
On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan
NYTIMES Dec 11, 2010 | The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable—and controversial—fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to…
| Attachment | Size |
|---|---|
| SecretBankElite.Jpeg | 38.59 KB |
