Some of the biggest names in the investment banking space have posted writedowns due to the recent subprime meltdown. A report by Citgroup Inc.'s global market unit says that the total write down of collateralized debt obligations (CDO) could total as much as $64 billion.
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Financials
CME Group annual meeting: A little taxing
Of more concern to those shareholders interested in the business at hand was CME's stagnant share price and its reaction to the MF Global bankruptcy
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ETFs
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
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Forex
Euro falls to 22-month low as German business confidence slides
The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.
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Options
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
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