Hints and tips:
...Much of that is in home loans. Bank of Canada’s official numbers show that non-banks — trusts, credit unions and other financial institutions — held C$313bn of residential mortgage credit in December....
...Those spectacular results have given its Silver Lake Partners III fund — which made its first investment in 2007 — a huge boost. But when should Silver Lake cash out?...
...The alternative may not be a living hell, but it will be a prolonged spell in purgatory....
...HBC will evaluate alternatives for the property portfolio including the creation of a real estate investment trust – a company that owns and operates properties, and passes rental income along to shareholders...
...But since the debut of Apple’s iPhone in 2007, RIM has struggled to adapt to a new market dominated by touchscreen smartphones....
...Two years after joining the Wellcome Trust, Mr Truell surprised the City by joining Terra Firma in its £11bn bid for Alliance Boots, which was beaten by KKR in 2007....
...Billions of euros of bad loans, collapsing investor trust, a spillover into the political arena as banks turn to governments for bail-outs, and a bickering European political elite that has been unable to...
...The investors’ mistake was compounded by a failure to recognise a subtle shift in the nature of the credit rating agencies’ role in turning mortgage loans into complex securitised products....
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
...To secure anti-trust clearance, Dow agreed to sell several plants and facilities. Now that regulatory clearance has been granted, Dow has two business days to complete the deal....
...In their view, Lehman’s downfall was so fast that Mr Fuld had little time to look for alternatives....
...The shake-ups of 2007 and 2008 may spark interest in global fixed income strategies, too....
...The rating agencies broke this bond of trust, and federal regulators ignored the warning signs and did nothing to protect the public....
...New Century Financial, a real estate investment trust specialising in subprime lending, announced it was restating recent financial figures because loan repurchase losses had been underestimated....
...Congress debates a change in the inscription on dollar bills from “In God we trust” to “I hope that my redeemer liveth”....
...But some development and aid experts caution against putting too much trust in technology or giving it priority....
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