Mar
07
Wells Fargo Said to Expand in Credit Swaps as Clients Hedge
By-
Bank plans to trade the derivatives as soon as next quarter
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Investors are increasingly eager to short, hedge credit
Wells Fargo & Co. plans to ramp up trading in derivatives that allow investors to bet against companies’ debt, the latest sign of growing interest in a market that many had abandoned.
The bank expects to trade credit-default swaps tied to individual companies as soon as next quarter, according to people with knowledge of the matter. Investors have grown more interested in betting and hedging with the instruments since the middle of last year, when corporate bonds started weakening…
Wells Fargo Said to Expand in Credit Swaps as Clients Hedge
