Hints and tips:
...Allen’s sister-in-law, Stacy, also works for the Trumps in the insurance department at Trump Tower on Fifth Avenue....
...The judge ordered Street, who has decided not to seek re-election as OC treasurer, to pay more than $7m in damages. Nonetheless: watch out, Wall Street. The treasurers have had enough....
...Back in March, the California treasurer sent a letter to six Wall Street banks asking, effectively, whether they’d ever traded credit default swaps written on the state’s debt....
...free to continue their short selling, speculative ways – FT Alphaville BaFin says no evidence of malign Greek CDS speculation – FT Alphaville The CDS inquisition, California edition – FT Alphaville Calif Treasurer...
...Corporate treasurers, municipal treasurers and pension funds have demonstrated time and again that they are simply not sophisticated investors, whatever the size of their portfolios....
...Related links: Doubts over Deutsche and Deloitte’s derivatives dealings – FT Alphaville Investment banks, munis and derivatives, redux – FT Alphaville Memo to corporate treasurers: you can’t handle derivatives...
...Related links: Milan swaps case puts banks in hot seat – FT Leipzig in legal wrangle with banks over CDS – FT Alabama and Milan make bankers nervous – FT Memo to corporate treasurers: you can’t handle derivatives...
...Related links: Memo to corporate treasurers: you can’t handle derivatives – FT Alphaville An exposed position – FT Italy <3 currency swaps too – FT Alphaville Interest-Rate Deals Sting Cities, States – WSJ...
...As Reuters reported: California Treasurer Bill Lockyer has sent a letter to six big banks that underwrite the state’s municipal bond sales, asking what the banks’ role may be in also selling credit default...
...Asian stocks moved higher on Tuesday as Australia’s treasurer said the worst of the global recession may have passed, Bloomberg reported....
...Bill Lockyer, California’s treasurer, told the Financial Times the state planned to shift $5bn in infrastructure funds to short-term obligations in the near-term....
...State treasurers, municipal bond issuers and various elected officials have been calling for ratings agencies to abolish the ratings distinction between corporate and municipal bonds....
...California’s Orange County had invested more than $419m in structured investment vehicles that were at risk of being downgraded, Chriss Street, its treasurer, said....
...This week, Maine’s state treasurer accused Merrill Lynch and ratings agencies of leading it into a failed commercial paper investment....
...Some analysts, for example, now think Citigroup alone will soon reveal cumulative 2007 write-downs of $22bn (a sum, as my colleague Stacy-Marie Ishmael points out, that tops the entire gross domestic product...
...Measuring the impact of weather on revenues is trickier, and much tougher for corporate treasurers.” Dealers selling the product also have few incentives to target corporate clients aggressively....
International Edition