Seven banks join forces to launch Octuara.
M2 EQUITYBITES-June 16, 2022--Seven banks join forces to launch Octuara
(C)2022 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 16 June 2022
Seven commercial banks are joining forces to launch a service called Octuara.
Citigroup, Inc (NYSE: C), Bank of America (NYSE: BAC), Credit Suisse (NYSE: CS), Goldman Sachs (NYSE: GS), J.P. Morgan (NYSE: JPM), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), and Moody's Analytics are collaborating to launch the independent company.
Octuara is to work to create the first open market electronic trading platform for syndicated loans and collateralised loan obligations (CLOs). The platform has been built in collaboration with...
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