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Credit Suisse in a $4.7 Billion Bind Thanks to Hwang’s Leveraged Bets
Even the world’s biggest banks have difficulty keeping track of risks involved with financial innovations like CFDs.
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BTC$62,769.00-0.20%
ETH$1,795.23+0.98%
USDT$0.9988-0.02%
USDC$0.9999+0.01%
XRP$1.07-0.75%
SOL$75.21-1.19%
TRX$0.3248-0.76%
FIGR_HELOC$1.03+1.91%
HYPE$63.84-1.72%
DOGE$0.0721-0.02%
USDS$0.9999+0.02%
RAIN$0.0142-1.58%
LEO$9.55+0.30%
ZEC$507.33-1.11%
WBT$55.10+0.04%
Recent trading activity has landed some banks in hot water. Now, FINRA is trying to take action - but will they?
Even the world’s biggest banks have difficulty keeping track of risks involved with financial innovations like CFDs.
A staple of day trading, leveraging your stock bets can reap great profits. This is an example of a catastrophic one.