DrKW restructures credit derivatives business

Dresdner Kleinwort Wasserstein (DrKW) has appointed Rick Weinstein to run a new credit derivatives unit that draws several strands of this fast-growing sector together.

Credit derivatives are used by banks and investors for a wide range of needs, from obtaining default protection in the corporate bond market to laying off portfolio risk in the asset-backed market, or to create one-off regulatory arbitrage deals for clients.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line