JPMorgan Joins Goldman in Designing Derivatives for a New Generation

Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation. JPMorgan Chase & Co. is offering a swap contract tied to a speculative-grade loan index that makes it easier for investors to wager on the debt. Goldman Sachs Group Inc. is planning as much as 10 billio…

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JPMorgan Joins Goldman in Designing Derivatives for a New Generation