With all the idiotically mandated bonus deferrals, we’re going to see a lot more of this: Bank of America Corp. maliciously fired a distressed-debt banker to deprive her of a bonus, a Hong Kong judge …
Search Results for: conversion
December 24, 2014
S&P has Russia on Watch-Negative: S&P said in its statement that there’s at least a 50 percent chance that Russia’s rating will be lowered to junk within 90 days as it put the country on …
December 23, 2014
On December 19 my attention was drawn to a parallel between the Suez Crisis in 1956 and the current Ukraine Crisis. The Chinese provide a counter-parallel, assuming that’s a word: China is stepping up its …
December 22, 2014
Matt Levine of Bloomberg points out the obvious flaws in paying informers: Anyway $56 million for 14 water damaged houses! That’s a cool $4 million per house. Buys a lot of slab re-pouring. DealBook has …
December 19, 2014
Canadian inflation was tamer than expected: Canada’s inflation rate slowed more than economists forecast in November, returning to the central bank’s target on a drop in gasoline prices. The consumer price index rose 2.0 percent …
December 18, 2014
US equities were on fire today: The Dow Jones Industrial Average surged the most since 2011 and the Standard & Poor’s 500 Index capped its best two-day gain in three years as global equities rallied …
December 17, 2014
Today’s big news was the FOMC release: Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Labor market conditions improved further, with solid …
AZP.PR.B, TRP.PR.A & FFH.PR.C: Convert or Not?
It seems that some of the communications received by shareholders on the conversion are not particularly enlightening – I received the following complaint earlier this week: Just to let you know that the conversion of …
December 10, 2014
The Boston Fed published a paper by Daniel Cooper and J. Christina Wang titled Student Loan Debt and Economic Outcomes: This policy brief advances the growing literature on how student loan debt affects individuals’ other …
December 8, 2014
Assiduous Reader JP, who often sends me interesting snippets, unlike youse other bums, brings to my attention a small preferred share issue from China: Industrial and Commercial Bank of China will issue US$5.7 billion worth …