Fitch casts doubt on derivative protection companies

Fitch Ratings is revising it process for rating companies set up to sell protection to banks on their derivative exposure after two credit-focused vehicles, backed by collapsed bank Lehman Brothers, filed for bankruptcy.

Lehman Brothers Financial Products and Lehman Brothers Derivatives Products both voluntarily filed for bankruptcy on October 5.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink