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Bank of America to start trading loan credit default swaps on Wednesday
By Sara Rosenberg
New York, June 20 - Bank of America will start trading loan credit default swaps (LCDS) for first-, second- and third-lien syndicated secured loans in the U.S. market on Wednesday, according to a news release.
Tim FitzPatrick, vice president, has been named LCDS trader, reporting to Ed Hamilton, head of par loan sales and trading.
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