TOKYO Nissan Motor Co (7201.T) is in talks with Panasonic Corp (6752.T) and abroad corporations including Chinese companies over the doable sale of its controlling stake in a automobile battery manufacturing venture, sources mentioned.
So, what went wrong? Many CDSs were bought as insurance coverage to cover those unique financial devices that created and unfold the subprime housing crisis, details of which are lined here 1. As these mortgage-backed securities and collateralized debt obligations turned practically nugatory, abruptly that seemingly low-danger occasion-an actual bond default-was taking place every day. The banks and hedge funds selling CDSs have been not taking in free cash; they were having to pay out massive money.
The compensation fund is anticipated to symbolize greater than $1 billion on high of the cost of shopping for again the autos, however it’s not clear how a lot each proprietor may receive, the individual mentioned. When you are …Read More »