Another very good day for the Canadian preferred share market on moderate volume as PerpetualDiscounts gained 30bp and FixedResets lost 14bp. There were new issue announcements from PWF and TRP while the announcement that PWF.PR.D …
Search Results for: performance
June 16, 2010
Revolving-door regulation is at least getting a little scrutiny: A Senate panel asked the Securities and Exchange Commission’s inspector general to review the agency’s “revolving door,” which shuttles many SEC staffers into jobs with the …
June 15, 2010
Continuing trouble in Europe: Bank bond sales slowed in May to the lowest since Lehman Brothers Holdings Inc.’s failure in 2008 as the extra yield buyers demand to hold the securities over government debt soared …
June 14, 2010
I have long taken the view that if sub-debt becomes contingent capital, then so will preferred shares; otherwise, issues’ seniority could leapfrog when an institution gets into trouble and that makes no sense. So I …
June 11, 2010
European banks are in serious trouble: Investors have already pushed down financial stocks enough to imply the “erosion” in book value that may result from losses tied to a sovereign debt restructuring, said Dirk Hoffmann-Becking, …
June 10, 2010
Different crimes for different times! Sergio Natera and Anna McElaney are scheduled to be sentenced in Hartford’s federal court in August after pleading guilty to fraud. Their crime involved persuading lenders to approve the sale …
June 9, 2010
Merkel and Sarkozy have the perfect answer for those annoying brats who shout that the emperor has no clothes: jail ’em: France and Germany called on the European Union to speed up curbs on financial …
June 8, 2010
I suspect the propused US financial legislation will have severe and unintended knock-on consequences: Lawmakers are set to negotiate a bill passed May 20 by the Senate that would require standardized derivative trades to be …
FTS: DBRS Assigns Positive Trend
DBRS has announced that it: confirmed the Unsecured Debentures and Preferred Shares ratings of Fortis Inc. (Fortis or the Company) at BBB (high) and Pfd-3 (high), respectively, and changed the trends to Positive from Stable. …
June 7, 2010
There’s some hasty back-pedalling in Hungary: “Any comparison with countries that have much higher credit default swap ratings than Hungary is unfortunate,” State Secretary Mihaly Varga told reporters today in Budapest. “The comments that have …