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Showing results for Synovus Bank v. Tracy
...It’s not a consumer bank. It’s not a business bank....
...What particularly struck our eye was the question of “How much better is Grand Theft Auto V than Grand Theft Auto IV?” (Tip of the hat to Tracy Alloway for highlighting this.)...
...Investors including ACA Management and German bank IKB ended up betting that the subprime loans referenced by Abacus would perform well....
...Izzy cites SocGen research which asks whether EM outflows have only just begun, and wonders if taper tantrum V.2 has at least learned from taper tantrum V.1 that taper means the opposite of a US bond apocalypse...
...We told him there’s v little tolerance for reactions like that and he needs to tone it down.” Mr Smith did not respond to phone calls and emails seeking comment....
...Update – Tracy points out: “Free-mont… Two-thousand-and-six” appears to be a reference to Fremont, subprime lender and past headache for Goldman through the Fremont 2006-E RMBS....
...Related links: A fair (value) solution – Expect[ed] Loss Apples v apples – a new way to measure risk – Vikram Pandit Bank quandary: valuing assets – WSJ...
...But, with his successor making waves in Europe with a pointed speech on bank capital, here is a brief thought on his tenure....
...That’s the conclusion of a new working paper from the European Central Bank, which looked at changes in yields and CDS spreads after rating actions from Standard & Poor’s, Moody’s and Fitch on two dozen...
...ACA and the German bank IKB Deutsche Industriebank AG (“IKB”), were the only investors in ABACUS 2007-AC1. Approximately one month after the ACA and IKB note purchases in April 2007, ABN AMRO N.V....
...The Bank’s previous issuance off its START platform was the US$1.0 billion START V CLO in July 2008. We bring it up because we expect to see a lot more of these....
...Stress tests v.2.0, that is. Late on Wednesday, the US Federal Reserve issued its guidelines for financials that want to start paying out dividends again....
...New round of liquidity injection can not substantially reverse the trend of increasing the federal government’s fiscal deficit and debt burden in the long term… V....
...It applies much tougher haircuts for less liquid assets like ABS (Category V), non-jumbo covered bonds (Category III) and theoretically-valued bonds (extended from ABS to include bank bonds)....
...Just as there was a new and large buyer of government bonds back then, we have another one now – US and European central banks. Talk abounds of further Quantitative Easing....
...Bernanke bought bonds in 2009 and yields still backed up because of a V-shaped inventory- and policy-induced recovery in the economy and an 80% bounce in the equity market off the lows....
...Related links: Trojan speculators, or, one headache for the Greek authorities - FT Alphaville Greece v everyone, BaFin and speculators edition – FT Alphaville Oh, those evil, speculative… European officials...
...Only one of the prospectuses (V) mentions Morgan Stanley, and that’s as a counterparty to a currency swap....
...What’s more, some traders think the Swiss National Bank is backing away from intervention in the franc altogether....
...David Pilling: Reason v emotion in China’s growth story This year, the consensus is for China to grow even faster than last year as exports pick up and record investment continues, says the FT’s Pilling....
...While Greek banks are the obvious losers in Fitch’s decision to downgrade Greece to BBB+ on Tuesday, there are some less obvious impacts....
...“I don’t know whether Goldman Sachs was the force behind the ISDA change or Deutsche Bank,” Mr. Greenberg concedes....
...That’s Deutsche Bank, to be exact, in a note entitled “Iceland v Ireland: Is the difference really only one letter?”...
...However, there’s a problem: With the Fed and other central banks often accused of being `serial bubble blowers’, one cannot discount the possibility that we will see premature tightening....
...Analysts predict Goldman’s V.A.R. ran high in the second quarter as well....
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