Enron fallout: why insurers fail banks
JP Morgan Chase thought it had its Enron risks insured. Now it is fighting a legal battle to reclaim the money. The case raises wider questions about the effectiveness of credit insurance and the much-heralded convergence between banking and insurance.
To continue reading, join our community and benefit from:
- In-depth coverage across key markets
- Comments from financial leaders and policymakers worldwide
- Regional/country bank rankings and awards
Have an account? Sign In