issuers news from FierceFinance
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A way to end the auction rates securities mess?
It's so easy to forget about the auction rate securities mess. But the fact remains that more than $300 billion remains tied up in this near-frozen market. Issuers, lots of municipalities and Read more...
Can everyone be wrong?
Back when the subprime crisis had not fully bloomed, there were a few brave souls who were convinced--absolutely!--that the mortgage edice was about to crash. You can imagine the pitch meetings. Read more...
European banks bent on more capital
Now this is eye popping: Royal Bank of Scotland has announced a $24 billion sale of stock, the biggest offering in British corporate history, according to the AP. The new capital is sorely needed to Read more...
Can Egan-Jones make a difference?
The Securities and Exchange Commission has granted Haverford, PA-based Egan-Jones, status as a nationally recognized statistical rating organization (NRSRO). This basically means that it now is a Read more...
Some radical ideas for credit rating agency reform
Moody's, Standard & Poor's and Fitch are all bent on showing the world that they are serious about reforms. Critics, of course, are unfazed by their steps so far. To them, none seem to be Read more...
More on credit rating agencies
Looks like Moody's, Standard & Poor's and Fitch are in for some more bad press. These hugely profitable companies--and make no mistake they are out to make a buck--suffer in part from a lack of Read more...
Credit rating agencies still in harsh spotlight
It's getting a tad uncomfortable for the credit rating agencies. People are wondering about their role in the global financial meltdown we're now suffering. The House Financial Services Committee Read more...
Perspective: Financial alchemy at its best and worst
At the heart of this credit mess we're slogging through is the art of securitization. For the most part, this art has been well practiced, creating all sorts of ways for risk to be offloaded and thus Read more...
Big test for private equity firms coming
Are bond investors about to throw water on the private equity parade? We'll see. This week, Cerberus Capital Management will start its road show for $62 billion in bonds to support the $7.4 Read more...
Foreign IPOs on the rise
Sarbanes Oxley was said to be a huge downer for the U.S. capital markets, especially the initial public offering market. People watched with dismay as Read more...