Mr Paul Tucker, Deputy Governor of the Bank of England, made a speech at the Clare Distinguished Lecture in Economics, Cambridge, 18 February 2011 titled Discussion of Lord Turner’s lecture, “Reforming finance – are we …
Search Results for: conversion
New Issue: BMO FixedReset 3.90%+115
The Bank of Montreal has announced: a domestic public offering of $250 million of Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 25 (the “Preferred Shares”). The offering will be underwritten on a bought …
Credit Suisse Contingent Capital
Credit Suisse is issuing contingent capital: The bank agreed to sell $3.5 billion of contingent convertibles with a coupon of 9.5 percent, and 2.5 billion francs with a coupon of 9 percent, it said. The …
OSFI Releases Contingent Capital Draft Advisory
OSFI has released a Draft Advisory titled Non-Viability Contingent Capital (NVCC): OSFI has determined that, effective January 1, 2013 (the Cut-off Date), all non-common Tier 1 and Tier 2 capital instruments issued by DTIs must …
NPI.PR.A: Ticker Change from NPP.PR.A
Northland Power has announced (some time ago, actually): that the conversion of Northland Power Income Fund (the “Fund”) from an income trust to a corporation became effective on January 1, 2011. As a result, Northland …
BIS Finalizes Tier 1 Loss Absorbancy Rules
The Bank for International Settlements has announced: minimum requirements to ensure that all classes of capital instruments fully absorb losses at the point of non-viability before taxpayers are exposed to loss. This is yet another …
EC: L'etat, C'est Nous
The European Commission has released a new package of proposals aimed at eliminating that pesky rule-of-law thing with respect to insolvent banks. The press release emphasizes that the decisions have been made: Currently, there are …
Desjardins Bids for WES
Desjardins has announced: that it has entered into a support agreement with Western Financial Group (TSX:WES), the largest insurance and financial services retailer in Western Canada with 121 offices in British Columbia, Alberta, Saskatchewan and …
Basel III
The Basel Committee on Banking Supervision has released the Basel III: A global regulatory framework for more resilient banks and banking systems: To address the systemic risk arising from the interconnectedness of banks and other …
HIMIPre™ Index Performance: November 2010
Performance of the HIMIPref™ Indices for November, 2010, was: Total Return Index Performance November 2010 Three Months to November 30, 2010 Ratchet +3.81% *** +11.02% *** FixFloat +5.65% ** +13.36% ** Floater +3.48% +11.02% OpRet …