US property derivatives market to launch

Four of the world's largest banks are teaming up to launch the first US commercial property derivatives market. The lenders, including Credit Suisse, Goldman Sachs, Merrill Lynch and Bank of America, will work together with the National Council of Real Estate Investment Fiduciaries (NCREIF) to create a trading platform with the potential to grow to $26bn, newspaper The Financial Times has reported.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories