A credit default swap (CDS) is a particular type of swap designed to transfer the credit exposure of fixed-income products to another party.

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As Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as ...

NEW YORK, (Reuters) - The role of banks in the $615-trillion over-the-counter derivatives markets is a central point of contention as U.S. lawmakers work to finalize sweeping financial reforms in the ...

— -- Top financial institutions helped non-U.S. investors avoid billions of dollars in federal taxes due on dividends from American companies by marketing allegedly abusive offshore transactions, ...

The government of Kenya is looking at a new way to deal with the rising debt crisis, and Treasury Cabinet Secretary John ...

The Third Circuit case was brought about when New Jersey appealed a decision in the U.S. District Court for the District of ...

China has renewed local currency swaps with three European central banks totaling 540 billion yuan ($75 billion), a move ...

The Bethlehem Area School District Board of Directors approved a measure Monday that officials say will improve the district’s financial picture.

Congratulations, Sidi Ould Tah, on your recent appointment as President of the African Development Bank (AfDB).