Word: solding
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...says that some small businesses have also been harmed by their investment in so-called "mini-bonds," complicated structured financial products marketed throughout the world by now-failed Lehman Brothers. Hong Kong banks allegedly sold investors the mini-bonds as a relatively low-risk alternative to fixed-income investments. When Lehman Brothers collapsed in mid-September, the derivatives lost much of their value. Companies that invested their deposits in them now find themselves unable to cover the difference, Lau says...
Despite those big stakes, the government is not interested in running the banks; its shares, the Treasury made clear Monday, would eventually be sold off "in an orderly way." But with voters baying for the blood of Britain's bankers, the government was careful to secure concessions in return for taxpayers' money. There'll be no cash bonuses for execs of the three institutions this year (though their annual salaries, all upwards of $1.5 million, will remain intact). Future remuneration will be more closely tied to the banks' long-term performance. Government-appointed directors will join the lenders' boards...
...capacity," says Laurie Harbour Felax, an analyst with the Harbour-Felax Group in Clarkston, Mi. "But the cost of doing that are so enormous, you have to wonder if it's really worth it," she says. Chrysler also has relatively few products that are not duplicates of those already sold by GM, she said...
There are also promising signs that the broader market for municipal bonds is starting to thaw. On Oct. 7, Kentucky sold $400 million worth of bonds to finance education and public works projects around the state. It was one of the first major issues since the Federal Government started taking one unprecedented step after another to try to jolt lending back to life - cutting interest rates, starting a program to buy short-term corporate debt, authorizing hundreds of billions of dollars to get toxic mortgage-related assets off bank balance sheets and inject capital into the companies. "We were really...
...both Ohio and Kentucky - and the Long Island Power Authority in New York, which also sold bonds that day - paid much more of a premium over Treasuries than they would have before the credit crunch began in the summer of 2007, says Matt Fabian, managing director at Municipal Market Advisors. Ohio, for instance, is paying almost 1 percentage point more in yield for 20-year bonds than it did a year ago. "Maybe this is the new normal," says Fabian...