Brussels, 29/04/2011 (Agence Europe) - On Friday 29 April 2011, the European Commission decided on its own accord to open two investigations into the credit default swap (CDS) market.
The first will examine whether 16 investment banks negotiating contracts (JP Morgan, Bank of America Merrill Lynch, Barclays, BNP Paribas, Citigroup, Commerzbank, Crédit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Royal Bank of Scotland, UBS, Wells Fargo Bank/Wachovia, Crédit...