UBS is cutting way back on investment banking: UBS AG (UBSN), Switzerland’s largest bank, will cut as many as 10,000 jobs companywide as the trading business shrinks, a person with knowledge of the plan said. …
Search Results for: performance
October 26, 2012
The Kansas City Fed has published an interesting paper by George A. Kahn titled Estimated Rules for Monetary Policy: This article estimates policy rules over periods of favorable economic performance to derive benchmark rules that …
October 25, 2012
Nothing happened today. It was a steady day for the Canadian preferred share market, with PerpetualPremiums and FixedResets both up 3bp, while DeemedRetractibles gained 2bp. Volatility was muted. Volume was average – but the top …
October 24, 2012
Today’s FOMC statement was accomodative: To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee will continue purchasing additional …
October 23, 2012
The BoC rate statement was dovish: Core inflation has been lower than expected in recent months, reflecting somewhat softer prices across a wide range of goods and services. Core inflation is expected to increase gradually …
October 22, 2012
There is some long overdue musing that CMHC might be privatized: Ottawa has made a series of quiet changes to bolster the oversight of CMHC in recent years: adding to its board of directors the …
October 19, 2012
Canadian inflation is quiescent: Canada’s annual inflation rate stayed at 1.2 per cent, matching the previous month and May for the lowest level in more than two years.…For the annual inflation rate, the agency said …
DBRS Increasingly Nervous About BAM
DBRS has announced that it: notes the trend change of Brookfield Office Properties Inc. (BOP) to Negative from Stable on October 18, 2012. DBRS has indicated in the past that rating changes at Brookfield Asset …
DBRS: BPO Trend Negative
DBRS has announced that it: has today confirmed the ratings of Brookfield Office Properties Inc. (Brookfield or the Company) at BBB (high) and Pfd-3 (high), changing the trend to Negative from Stable. The trend change …
October 18, 2012
The latest news in Big Brother Regulation is LIBOR reform: The Treasury said in London today that it will enshrine in law the way Libor is set, create a criminal offense for those who misreport …