How Blythe Masters pioneered the credit default swap

Blythe Masters © Getty images
Has Blythe Masters been made a scapegoat?

Three decades ago, when Blythe Masters was a horse-mad teenager from Kent, she worked as an intern in the JPMorgan Chase derivatives unit, says the FT.

“She became hooked” and, over the next 27 years at the bank, earned both “acclaim and notoriety” as a pioneer of credit derivative products. Masters never had a hand in developing the mortgage credit derivatives that proved so deadly in the credit bubble.

She left this [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Paying by mobile

Why your phone will replace your wallet

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.