Items Tagged with 'Interest rate swap'


  • Federal Home Loan Bank of New York will pay $70 million to Lehman Bros. in settlement

    Lehman claimed that FHLBNY undervalued interest rate swaps when firm collapsed
    The Federal Home Loan Bank of New York agreed to pay $70 million to the bankruptcy estate of Lehman Brothers to settle charges that the bank undervalued interest rate swaps it held with Lehman as the company collapsed in 2008. Here are the details on the settlement.
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  • Franklin Credit Hedges Against Rates

    In a bet that recent steep drops in short-term interest rates may be coming to an end, Franklin Credit Management Corporation said Wednesday that it had entered into interest rate swap agreements, hedging a portion of its interest-rate-sensitive borrowings against future increases in short-term interest rates.
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