Barclays has stopped selling highly engineered certificates of deposit that looked attractive to U.S. savers but often resulted in customers earning zero interest, according to people with knowledge of the matter.
Morgan Stanley and Citigroup said they’re cooperating with the U.S. Justice Department’s four-year-old antitrust probe into the credit-default swaps market.
The European Commission has opened two antitrust investigations concerning the Credit Default Swaps market. CDS are financial instruments meant to protect investors in the event a company or State they have invested in default on their payments. They are also used as speculative tools.