Traders of the securities may not favor increased transparency, which can hurt their profit by reducing the difference between bid and offer prices, according to Attilio Di Mattia, a money manager at Aurelius Capital Management in Vienna, who helps oversee 4.5 billion euros of assets including European and U.S. securitized debt.
“Investment banks make money from the margins that come with the price volatility and they won’t easily give that up,” Di Mattia said.
BNY Mellon has $21.8 trillion in assets under custody and administration and assets under management of $1 trillion, according to its website."
NOTE: I wonder if they are selling teh foreclosed or deliquent properties as AAA rated on this type of market???
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