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              A logo for Barclay's Plc's in London. Banks paired swaps contracts of 15 to 30 years with five-year commercial property loans, making the penalties for breaking the agreements “particularly virulent” because they mature long after the loans, said Rob Leach, a director at ratings company Standard & Poor’s. Photographer: Simon Dawson/Bloomberg

A logo for Barclay's Plc's in London. Banks paired swaps contracts of 15 to 30 years with five-year commercial property loans, making the penalties for breaking the agreements “particularly virulent” because they mature long after the loans, said Rob Leach, a director at ratings company Standard & Poor’s. Photographer: Simon Dawson/Bloomberg

June 05, 2012
Article
Swaps Born in U.K Boom Haunt Buyers After Rates Slide: Mortgages
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