BloombergLean L·
The $300 Billion Structured Notes Market Is Booming
The structured products business in the US has gotten very large recently — on track to hit $300 billion in sales this year. What was once an opaque financial product is getting a lot more attention. So what are structured products, exactly, and how are they influencing the economy? In short, structured products are basically a fusion of a bank IOU with a derivative product, but that underplays how complex they are and how they are shaping market dynamics. On this episode, we speak with Alex Mi…
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