Hints and tips:
...Yes, there are some offsets (mortgage originations could pick up and funding costs should decline), but the market is showing what the net effect is likely to be: bank stocks trail wider indices by 6 per...
...” conflicts of interest....
...when interest rates are at or close to zero....
...that Citigroup selected some securities referenced in the portfolio, a collateralised debt obligation known as Class V Funding III, and had placed a bet against it....
...in prejudgment interest, and requiring them to pay a penalty of $1.25 million....
...But the business plan for both is there has never been a better time to be a bank in America than today, if you have a clean balance sheet and you can originate new mortgages today without worrying about...
...To underscore our commitment to providing short-term funding to banks when they need it, we have lowered the interest rate we charge for short-term loans and extended the term of the loans to up to three...
...: Initially, Treasury Secretary Henry Paulson Jr. submitted a three-page bill that allowed him to purchase mortgage-related assets....
...“Each business had to strive to be number one in its sector, while the sheer size benefited the group through lower funding costs and other economies of scale, recalls another member of Mr Weill’s inner...
...The deal, reminiscent of the LTCM bail-out in 1998, was aimed at facilitating a sale of Lehman to Bank of America or Barclays of the UK....
...When Sir James Crosby stepped down as chief executive of HBOS in July 2006, the mortgage lender was riding high....
...It is a big prime broker, providing funding and back-up for hedge funds. It is also one of the biggest traders in mortgage-backed securities....
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