Hints and tips:
...According to researcher Giuliano Bologna at Compass Point Research and Trading, Inc: In the third quarter of 2023, only six us banks had non-mortgage consumer loans (personal, student, etc), measured at...
...The net book value of the legacy assets is now €12.4bn, compared to a fair value of only €10.4bn; this compares to BV of €16.7bn versus FV of €15.6bn at the 3Q11 stage....
...buy out cost is worth 12p in the SOTP…Removing the UK funding deficit (we use the actuarial funding deficit of £230mn) from our SOTP and adding the mid-point buy out cost (£700mn), would reduce our SOTP FV...
...So far most of the buzz has centred on the first NYC appearance of new French Vogue editor Emmanuelle Alt, who, in myriad interviews before her debut as head of the big FV, has revealed: 1....
...Simply moving the LT growth assumption to 2.5% would increase our FV estimate to >900p....
...The worst potential impacts are at Fortis (10-24% of our SotP FV), Dexia (5-12%), CASA (7-8%) and SocGen (3-6%). The average impact for the sector is 0.7-1.6%....
...What is more notable is that on average the margin has increased over the past 2 quarters: while the average FV-to-Book spread was 3.2% at year end 2008 for the non-Citi banks, it grew by 1.5% to 4.7% at...
...Per Jenkins: SocGen, Barc, BNP, UBS, Commerz are the better documented high exposures to MBIA and Ambac (back in the day, the ‘healthier’ monolines) but we should not forget ANZ which had AUD3.3bn FV of...
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