The credit derivatives market could grow to reach a staggering $15 trillion (€13.2 trillion) by 2007, according to research by McKinsey, the US consultancy.

Dominic Casserley, head of the European banking and securities practice at McKinsey, was bullish on the credit derivatives market at a derivatives conference hosted by Deutsche Bank in Barcelona. He described credit derivatives as "a win-win opportunity".

Credit derivatives market could reach $15 trillion by 2007

Natasha De Teran in Barcelona

Deutsche Bank

Billionaire John Caudwell: ‘I’ll still build London’s most expensive homes despite UK wealth exodus’

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Robinhood Second-Quarter Revenue Rose on Transaction Sales Growth

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Companies have long leaned on entry-level workers to do grunt work that doubles as on-the-job training. Now ChatGPT and other bots can do many of those chores.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.

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Many in the Gen Z generation missed out on critical experiences during the pandemic. Bosses should be filling in those gaps.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

CME Earnings Surge on Volatility, Increased Trading

The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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The Wall Street firm is being investigated over whether it properly vetted its clients for money-laundering risks.

Morgan Stanley’s Screening of Wealth-Management Clients Draws More Scrutiny

When team leaders provide their opinions first, it can discourage lower-level employees from providing dissenting views or alternative ideas.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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‘All-In,’ which hosts cabinet secretaries and senators, is scheduled to have an appearance by President Trump at a conference Wednesday.

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The lender reported a sharp decline in net profit due to a one-off hit related to the sale of its Brazilian subsidiary and an increase in loan loss allowances.

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Julius Baer’s Net Profit Falls on Higher Loan Provisions, Brazil Unit Sale

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The biopharmaceutical company said the investment includes plans for a new manufacturing center focused on chronic diseases.

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SS&C Technologies Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle Group for roughly $1 billion.

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