Tag:
bonds
Latest Headlines
Latest Headlines
Bank of America's derivatives shift stokes concerns
Bank of America raised eyebrows not too long ago when it said intended to shift some derivatives assets to a unit that holds insured funds, apparently at the request of counterparties that were concerned about recent credit downgrades.
Recall that Bank of America's bonds had recently been down
Goldman Sachs, Morgan Stanley ponder mark-to-market accounting
Mark-to-market accounting is back in the news.
The issue hasn't been this hot since the aftermath of the financial crisis back in 2008 and 2009, when banks were battling for survival. At the time, many pointed to FASB fair value rules, mainly FAS 157, as a cause of lots of pain. One common
Jefferies cuts exposure to Europe
You have to give Jefferies credit for dealing with market concerns about as well as it could.
In this hair trigger environment, no firm wants to get blindsided by fear over its exposure to European debt. Unfortunately, such concerns mounted about Jefferies after Egan Jones reduced its rating o
MF Global on brink of failure
How bad are things at MF Global?
Hopes that the bank would stabilize today evaporated quickly, as the stock continued to plunge--despite a big spike in pre-market activity--and the bonds remain under pressure, amid lots of rumors. The firm has also exhausted its credit lines with big commercia
Muni bond market on the mend
We've read a lot about the dire state of local finances, and Meredith Whitney's prediction of doom-and-gloom in the muni bond market generated lots of media around December.
But can it be that the market is actually on the mend?
Whitney's controversial research predicted a wave of defaults
PIMCO aims to buy more bank stakes
How's this for bullishness on banks? PIMCO has set up an investment fund to buy distressed banks. The $2.3 billion fund has already set its sights on a deal.
According to Reuters , the Federal Reserve Bank of Richmond is reviewing an application for a company run by the PIMCO Bravo Fund to
California eyes state bonds for as little as $25
The health of state and local finances across the nation is deplorable right now, and more than a few analysts and pundits have warned the news is likely to get worse soon. Some have predicted a wave of municipal defaults and perhaps even some state defaults.
Is one answer a wave of micro-loan
U.S. Bancorp sues Bank of America for putbacks
The Bank of America litigation pile-on continued this week, as U.S. Bancorp, in its role as trusted for the HarborView Mortgage Loan trust, filed another suit over warranty and representation issues related to a $1.75 billion pool of mortgage-backed bonds, according to media reports.
We presum
Bank of America's Moynihan a model of CEO compensation
No issue has been more rancorous in the banking industry than executive pay, CEO pay in particular. The rhetoric has been heated on all sides.
But as stock prices have tanked, we're seeing a de facto change in the compensation structure of a few CEOs, chief among them, Brian Moynihan, of Bank
Star manager Gundlach accused of stealing data, technology
We've seen some interesting cases recently of employees facing charges that they stole proprietary data in order to start a company or to help them in a new job. One high profile case was that of former Goldman Sachs programmer Sergey Aleynikov, who was convicted and sentenced to eight years of ha
