Tag:
Royal Bank of Canada
Latest Headlines
Latest Headlines
Canadian banks may buy more U.S. assets
Canada to the rescue! Canadian banks have been on something of a buying spree in the United States as of late. TD Bank made news with its $6.3 billion deal to buy Chrysler Financial. That followed the Bank of Monteal's deal to buy Marshall and Ilsley, a troubled Milwaukee-based bank, for $4.1 bill
Case study: How cities and states ended up being hedge funds
The New York Times offers an interesting story of how cities and state entities ended up ensnared in the global credit crisis. We've noted that many of them face some severe financing hardships, even with the crisis abating a bit. The worst hit are those that invested in certain CDOs. The Ti
Citigroup anlayst gets it wrong--really wrong
Shannon Cowherd, bank analyst at Citigroup , raised eyebrows last week when she put out a note to clients estimating that the Royal Bank of Canada faced a whopping $10.2 billion in writedowns. Whew! The Globe and Mail noted that no other analysts was expecting more than $800 million. The
ALSO NOTED: Countrywide posts surprising, massive loss; Analysts upgrade Wachovia;and much more...
Company News:
>Â HSBC, Lone Star extends deal date. Article
> S&P credit markets hits McGraw-Hill earnings. Article
> Countrywide posts a surprising, massive loss. Article
> More criticism of the Bear Stearns "bailout." Article
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