Barclays, Deutsche Bank are back into credit derivatives
Thu, Feb 29, 2024 2:38 PM

Barclays, Deutsche Bank are back into credit derivatives

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Barclays Plc struck a $1.1 billion deal with Blackstone Inc. this week to offload risks in its US credit-card business while still managing the accounts of its own customers. This obscure-sounding trade touches only a small part of its $32 billion US card book business, let alone the bank as a whole. But it is part of a growing trend of risk-transfer deals mainly by European banks.

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