Standard & Poor’s has announced: Manulife Financial Corp.’s (TSX/NYSE: MFC) operating performance is below expectations. MFC’s risk tolerance remains high and the majority of its equity-linked liabilities remain unhedged. Also, earnings and capitalization are highly …
Search Results for: performance
November 5, 2009
Lord Turner of the UK Financial Services Authority made a speech on Nov. 2 to the Turner Review Conference titled Large systemically important banks: addressing the too-big-to-fail problem: Clearly we can and must reduce the …
November 4, 2009
The SEC announced today that it has learned nothing from Judge Jed Rakoff: The SEC alleges that J.P. Morgan Securities and former managing directors Charles LeCroy and Douglas MacFaddin made more than $8 million in …
November 3, 2009
The first CIT bankruptcy hearing was today: CIT won permission today to carve out an exception for Icahn from an order to that bars trading in its debt for the purpose of preserving as much …
Contingent Capital: Lloyds & the RBC CLOCS
Neil Unmack of Reuters wrote a good post about Contingent Capital, Lloyds’ escape plan won’t come cheap: Regulators are keen on contingent capital because they believe it provides banks with a better buffer against losses …
November 2, 2009
James Hamilton of Econbrowser produced a great post, loaded with references to contingent capital discussions, with Improving financial regulation and supervision. New issue concessions on US Municipals are widening: U.S. state and local governments, which …
MAPF Portfolio Composition: October 2009
Turnover slowed markedly in October to about 46%. This is the lowest monthly turnover in 2009 and about one-third of this year’s peak in February – the waves of alternating panic and euphoria are declining! …
HIMIPref™ Index Rebalancing: October 2009
HIMI Index Changes, October 30, 2009 Issue From To Because BMO.PR.L PerpetualPremium PerpetualDiscount Price ACO.PR.A OpRet Scraps Volume BNS.PR.O PerpetualPremium PerpetualDiscount Price CU.PR.A PerpetualPremium PerpetualDiscount Price NA.PR.K PerpetualPremium PerpetualDiscount Price PWF.PR.G PerpetualPremium PerpetualDiscount Price PWF.PR.I …
Best & Worst Performers: October, 2009
These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices. October 2009 Issue Index DBRS Rating …
October 30, 2009
The CIT saga continues: CIT Group Inc., the 101-year-old commercial lender trying to avoid collapse, reached a deal with Goldman Sachs Group Inc. to reduce a $3 billion credit facility to $2.13 billion and keep …