Broadridge Financial Solutions has acquired Shadow Financial Systems to build on its current post-trade processing capabilities. The acquisition adds a solution for exchanges, inter-dealer brokers and ...
Shares in Xinhua Trust, a Chinese shadow lender, are selling for rock-bottom prices. The outfit went bankrupt in May, becoming the first Chinese trust to fall in more than two decades. Since then ...
Economist Paul McCulley coined the term “shadow banking” in 2007, just over a year before Lehman Brothers collapsed. Soon it became clear that easy credit had helped fuel the subprime mortgage ...
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