EU Probes Banks Over CDS
April 29, 2011 at 12:08 PM EDT
The European Union set in motion antitrust probes Friday into giant U.S. and European banking institutions whose fine-slicing of the insurance market was blamed by debt-ridden eurozone states for forcing them into bailouts. The investigation targets CDS, derivative financial products traded between financial institutions or investors initially designed to protect investors in case a company [...]