Asia's Top Tycoons Take a Haircut

Related articles: Kerry and the Credit Juggernaut Protecting China's Red Princes CITIC Pacific: Are there More Coming? It appears that Wall Street investment banks doing business in Asia are about to reap another whirlwind in the form of lawsuits from irate tycoons who have lost billions on so-called "financial accumulators" – bundled derivative contracts that offer investors the ability to buy currencies or securities at a fixed price over a fixed period of time. When currencies or securities go sour, for instance, it is possible to lose billions.

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