The Bank for International Settlements has released a working paper by Allen B Frankel titled The risk of relying on reputational capital: a case study of the 2007 failure of New Century Financial: The quality …
Search Results for: performance
December 18, 2009
Deutsche Bank is marching to a different drummer – worrying about competition, of all things!: Deutsche Bank AG, Germany’s biggest bank, plans to spread the costs of the U.K. bonus tax to all employees worldwide, …
December 17, 2009
PerpetualDiscounts took a hit today, losing 15bp, but FixedResets just kept on keeping on, up 8bp to close with a weighted-median-average YTW of 3.68%. How Low Can They Go? Volume was moderately good. HIMIPref™ Preferred …
December 16, 2009
Holy smokes, it’s been ten years! The November 27, 2007 commentary on the Abu Dhabi – Citigroup deal is now looking a little dated: Citigroup Inc. said the Abu Dhabi Investment Authority is seeking to …
December 15, 2009
Another day of good returns and good volume for preferreds, with PerpetualDiscounts gaining 5bp and FixedResets up 12bp, taking the median-weighted-average yield for the latter index down to yet another new low of 3.69%. How …
December 14, 2009
Deutsche Bank is cackling with glee over the recent improvements to its competitive position: Deutsche Bank AG Chief Executive Officer Josef Ackermann said Germany has a “comparative advantage” over other financial hubs because it doesn’t …
December PrefLetter Now in Preparation
The markets have closed and the December edition of PrefLetter is now being prepared. PrefLetter is the monthly newsletter recommending individual issues of preferred shares to subscribers. There is at least one recommendation from every …
December 11, 2009
The IMF has published the Dec. 09 issue of Finance and Development. CIT Group post-bankruptcy common commenced trading on the NYSE yesterday and closed today at $29.64. Consideration for the Maple bonds, 4.72% of 2011-2-10 …
December 10, 2009
Royal Bank of Scotland’s equity will be massively diluted by preferred share conversion: Investors in RBS’s $1 billion of 9.118 percent undated preference shares issued in 2000 have until the end of December to exercise …
BOC Releases Dec 2009 Financial System Review
The Bank of Canada has released the December 2009 Financial System Review with special reports on: Liquidity Standards in a Macroprudential Context Improving the Resilience of Core Funding Markets Reform of Securitization Towards a Stress-Testing …