JP Morgan and Morgan Stanley's new family of Trac-X swaps - based on an innovative index of credit derivatives - have begun trading.

The new products are based on the Trac-X Europe index, which was designed by the two banks and comprises the 100 most actively traded names in the European credit default swap market.

JP Morgan and Morgan Stanley's new swaps make trading debut

Natasha de Teran

Morgan Stanley

BNP Paribas

JP Morgan

A&O Shearman boss Hervé Ekué: ‘My godfather was accused in a failed coup… he inspired me to be a lawyer’

A&O Shearman boss Hervé Ekué on skyrocketing pay rises: ‘We haven’t reached the top’

London Stock Exchange fires US employee after video of ‘racist’ altercation

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

HSBC hands Blackburn top risk role as shake-up continues

https://images.fnlondon.com/im-87995472?size=1.5

The UK lender has given the leading compliance job to a 20-year veteran

Barclays hires Centerview dealmaker Woeber to lead global M&A

https://images.fnlondon.com/im-71578134?size=1.5

The UK lender has tapped a veteran dealmaker to head up a key area of growth

Wells Fargo booked a bigger profit in the first quarter, as lower expenses helped offset a decline in net interest income.

Wells Fargo Profit Rises, Boosted by Lower Expenses

The administration secured commitments for at least $600 million in pro bono work from five firms including Latham & Watkins, Kirkland and Cadwalader.

By Emily Glazer, Josh Dawsey and C. Ryan Barber

White House Announces Batch of New Deals With Elite Law Firms

Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

By Annie Linskey, Josh Dawsey and Meridith McGraw

Why Trump Blinked on Tariffs Just Hours After They Went Into Effect

Generative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said.

Amazon CEO Says Generative AI Will Reinvent Every Customer Experience

Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

Trump’s Tariff Pause ‘Welcome Reprieve’ For Global Economy, Canada PM Carney Says

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News