Bank Of America And MBIA Lead U.S. Bank Credit Default Swap Trading Volume
- 6,730 banks in the United States were insured by the FDIC on March 31, 2014, but in the last 4 years, credit default swaps have traded on only 14 banks.
- Bank of America and MBIA lead the trading volume ranks. High volume means a large diversity of opinion on the credit quality of the firm, not high risk necessarily.
- The median number of non-dealer trades per day on those 14 U.S. bank legal entities was only about 3 trades per day.