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...The so-called monoline insurance market, which was almost destroyed in 2008 through its exposure to toxic bank securities, has underwritten a large portion of the bonds issued by the most indebted UK water...
...So-called monoline insurers like Assured Guaranty typically provide insurance to securities backed by governments, meaning it is unlikely that the borrowers will default on their loans....
...“Here we have a very sophisticated, very competitive company being given the opportunity to become the largest monoline entity in the mortgage technology space, which could theoretically begin to crowd out...
...The “cash” was in “monoline-enhanced asset-backed bonds”, which were shaken by the crisis and generated a temporary loss of more than £100mn, says Stone....
...The bank’s current business model is a far cry from the original plan for a monoline credit card company, following the model of Capital One in the US....
...Lloyds is the UK’s largest high street bank, and some members of the board have expressed concerns the business is too “monoline” — meaning it relies too heavily on consumer banking in a single country,...
...A monoline securitisation-funded buy-to-let mortgage lender in the previous era, Paragon — like OneSavings — is now a fully fledged bank with £6.4bn of retail deposits, and £1.45bn of commercial loans to...
...Rothesay is not the first monoline insurer to face questions about its capital....
...Those companies were starting to move from “monoline to multiline” businesses as they expand beyond merely holding customer deposits or issuing credit and debit cards, Ms Davis said....
...Just a bit optimistic When Just Group raised £375m in equity and contingent capital debt back in March, the idea was to vaporise any concern about the insurance monoline’s exposure to so-called equity release...
...Khosrowshahi, chief executive, described Uber’s structural advantage in being a platform for various modes of transportation, from ride-hailing and public transit to food and freight delivery, compared to “monoline...
...“Mifid was bound to cause dislocation and some monoline providers are finding it tough to cope — the truth is institutions are paying about 30 per cent less on research than they were pre-mifid.”...
...Most of these companies, commonly referred to as “monoline insurers”, were wiped out or restructured as a result....
...“I just don’t believe in monolines,” says Mr Schwartz....
...Think of monoline credit insurers, or money market funds. Or of a little finger, or pinky. Your pinky is not very important in its own right....
...In a report on Monday, the Financial Stability Board said it had made significant headway to reform off-market practices like money market funds, special investment vehicles and monoline insurers....
...So-called “monoline insurers” guarantee to pay investors back in full were the issuer to default....
...Lobbyists for the banks note that the institutions that fared the worst during the last crisis were monoline commercial banks such as Countrywide and Washington Mutual, and monoline investment banks like...
...He was one of a new breed of hedge fund managers — Pershing's Bill Ackman, who successfully shorted the monoline credit insurers, is the other famous example — to take the principles of value investing and...
...Monolines relied heavily on confidence-sensitive securitization and warehouse funding....
...Monoline bond insurers, which insure a portion of Puerto Rican debt, are also facing losses....
...Several critical entities in the crisis, such as the monoline insurers, Washington Mutual and AIG, were not directly regulated by the Fed....
...Commonwealth bonds whose payment was guaranteed in past years by monoline insurance companies amount to another $15bn....
...At a time when many so-called universal banks, and their regulators, are questioning the model of serving investment and retail banking customers under one roof, Goldman is dropping monoline investment banking...
...Jayne-Anne Gadhia, chief executive at Virgin Money, said: “The jewel in the crown has been our credit cards business . . . we’ve broken out of being perceived as a monoline mortgage business.”...
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