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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (23110)3/30/2020 12:23:57 PM
From: Don Green  Read Replies (1) | Respond to of 49685
 
per article:

In short, CapitalOne made a terrible trade, betting via derivatives that oil would not plunge to where it is now - at 17 year lows - and only CFTC intervention prevented a margin call of unknown magnitude from being sent to Capital One's corner office. Which is surprising considering that the bank is a relatively small player in the energy lending and financing business, with energy loans accounting for just 1.4% of its total loan book, according to its filings.