Pre-migration untagged articles
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Bank of Montreal and Dresdner Bank announced plans to support their structured investment vehicles this week, but Standard Chartered said that it would not attempt a further bailout of its Whistlejacket vehicle after falling asset prices prevented it from providing a liquidity facility.
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The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.
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How much are bankers spending on Valentine's Day gifts for their significant others? Considering the state of the economy, maybe the usual dozen roses will do.
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Dealers were looking forward to placing credit options on the LCDS with the anticipated arrival of the LCDX.
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-- Christopher Childs, v.p. DTTC product manager for syndicated loans, on the new loan services the DTTC will be offering.
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SWISS bank UBS confirmed yesterday (Thursday) that it made a loss in 2007 due its positions in US mortgage-related securities.
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The difficulties of bringing a UK name to the market were exacerbated by reactions to the release of Bradford & Bingley’s preliminary results on Wednesday: having already cheapened around 10bp over the previous week, UK issues widened further still.
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A study published by Santander Asset Management finds that 91% of private investors did not identify shares as the best performing asset class of 2007.
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A plunge in the net asset value of $6.95bn Whistlejacket scuppered Standard Chartered’s plans to bail out the vehicle this week, as it became the first bank-sponsored SIV to go into enforcement.
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Why are investors, as opposed to professional traders, reluctant to hold bank shares? A veteran fund manager in London may have found part of the answer, when he said to us, "The banks don’t really help themselves, do they? Because when they report a loss, you know that the first number will be a fraction of the real figure.
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The UK government this week told bidders for Northern Rock, the stricken UK mortgage lender, to improve their offers or it will nationalise the bank.