DBRS has announced that it: has today taken a range of rating actions on 54 structured preferred shares issued by 49 split share companies and trusts (the Issuers). All the trends are now Stable. Each …
Search Results for: performance
Fed Releases Proposed Risk-Based Capital Guidelines
The Fed and related US agencies have released: a proposed regulatory capital rule related to the Financial Accounting Standards Board’s adoption of Statements of Financial Accounting Standards Nos. 166 and 167. Beginning in 2010, these …
August 26, 2009
The FDIC is reducing the capitalization requirements for private equity firms buying banks: The FDIC board approved the rules today at a meeting in Washington, agreeing to lower to 10 percent from the proposed 15 …
August 25, 2009
Bernanke has been nominated for a second term as Fed Chairman: Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank’s power in its 95-year history to battle the worst …
August 24, 2009
I mentioned the current exodus of hedge funds from London to Switzerland on July 27. Now (hat tip: Dealbreaker) there’s more: The advent of the 50% tax rate appears to be the final straw for …
August 21, 2009
PerpetualDiscounts managed to keep the rally going today, with a gain of 18bp taking yields down to 5.61%. Today was the eighteenth consecutive trading day of advances, with the index gaining 9.71% total return in …
DBRS Updates Debt/Equity Weighting for Non-Financial Preferreds
DBRS has announced that it: has today released its updated criteria “Preferred Share and Hybrid Criteria for Corporate Issuers (Excluding Financial Institutions)”. The publication of this updated criteria is part of DBRS’s ongoing efforts to …
August 20, 2009
The preferred share market just kept on keeping on today, with PerpetualDiscounts gaining 42bp to close with a yield of 5.65%. The last time yields on this index were this low was May 28, 2008. …
August 19, 2009
The Congressional Budget Office has released a major report on budget options for Congress. Among the more interesting are: Reduce the Mortgage Interest Deduction or Replace It with a Tax Credit Replace the Tax Exclusion …
August 18, 2009
Dealbreaker is a gossipy tabloid style website billing itself as a tabloid – most of the offerings are vapid commentaries on topics as diverse as Bernie Madoff’s pants and the amount of cleavage being shown …