Hints and tips:
...“There’s an immediate impact on their entire capital structure, their entire debt liability stack, as soon as rates move”, said Steve Purdy, head of credit research at asset manager TCW....
...Chess: 2344 Four-time Australian champion Cecil Purdy composed this puzzle and gave the answer as one and three-quarter moves....
...Nonetheless, Purdy Crawford, the committee’s chairman, expressed optimism that the Canadian banks would participate in the restructuring plan....
...Purdy Crawford, the Bay Street lawyer who has led a committee of pension plans, banks and other institutional investors to end the seizure of the C$32bn ($31.5bn) non-bank ABCP market, will be staring down...
...Reid Moseley was unhappy with the meagre C$13-a -month interest his C$50,000 nest-egg was earning on deposit at one of Canada’s big banks....
...The committee, headed by Purdy Crawford, a prominent corporate director, failed to meet Friday’s deadline for an agreement on restructuring terms, or to provide details of the assets held in 21 frozen trusts...
...Purdy Crawford, chairman of a committee representing major investors, said on Sunday night that while the deal might mean “some diminution” in value, “the restructuring gives investors a reasonable expectation...
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