TD is rumoured to be close to a Chrysler Financial deal: Toronto-Dominion Bank is near an agreement to buy Chrysler Financial, the lender once owned by the third-largest U.S. automaker, from Cerberus Capital Management LP, …
Search Results for: performance
December 17, 2010
Bank of Montreal is buying Marshall & Ilsley: Bank of Montreal agreed to buy Marshall & Ilsley Corp. for about $4.1 billion in stock to double its U.S. deposits and branches in the largest takeover …
ASC.PR.A to Seek Term Extension
Manulife Asset Management Limited, the manager of AIC Global Financial Split Corp. has announced: that it intends to extend the termination date of the Corporation which is currently set for May 31, 2011 for another …
December 16, 2010
Looks like efforts to determine whodunnit have broken down amidst political jockeying: Democrats and Republicans on the Financial Crisis Inquiry Commission, struggling for months to find consensus behind the scenes, haven’t even been able to …
December 15, 2010
The Financial Post published an interesting factoid on Canadas: Canadian 10-year yields gained 47 basis points to 3.28% today, from 2.81% on Nov. 4, the day after the Fed unveiled plans to buy US$600-billion in …
December 14, 2010
The FOMC Statement held no surprises: To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to continue …
December 13, 2010
CalPERS, the gigantic California pension fund most notable for not doing its own credit analysis, has been told to take a running jump: Judge Richard Kramer in San Francisco state court said yesterday that the …
December 10, 2010
Still no commentary! Sorry, guys, I’m sure next week will be better. The Canadian preferred share market continued to slide today on above average volume, with PerpetualDiscounts down 21bp and FixedReset losing 13bp. Yield on …
December 9, 2010
No commentary at all today … it’s PrefLetter week! I have been grateful for the response to my request for spreadsheet testers, but the more the merrier! I need comments prior to about 11:59pm Sunday, …
December 8, 2010
American banks are getting more competitive: U.S. bank bonds are about the safest on record relative to debt from European financial institutions as a growing economy allows Citigroup Inc. to wean itself off government support …