Il WSJ ha avuto un articolo interessante questa mattina sulla compressione del margine a molta banca. Dal WSJ: Margini di stringimento della banca
Molta banca… è probabile segnalare lo stringimento nei margini di interesse netto - una misura chiave di profitto di industria - già al più basso livello dal 1991.
Gran parte del pizzico sta attribuendo […]
Dai tempi di NY: Fattura $6.4 miliardo del Harry Macklowe.
Ciò è una storia che siamo stati seguenti perché compare Macklowe comprato alla parte superiore ed ha una grande fattura venire il mese prossimo per una transazione altamente leveraged:
[Macklowe] ha un pagamento di debito $6.4 miliardo venire il mese prossimo in relazione al suo acquisto di sette […]
Dal rapporto settimanale di federazione su carta commerciale questa mattina, qui proviene il tasso di sconto sparso:
Scatti sopra il grafico per la più grande immagine.
Secondo la federazione, la diffusione di tasso di sconto ha limitato a 58 bps. Questo grafico è stato liberato questa mattina.
Inoltre, il bene ha sostenuto la carta commerciale (CP) ha aumentato $26.3 miliardo - $773.8 miliardo. Ciò è il primo aumento da […]
We all knew that technology would solve our productivity problems, and National Mortgage News has the proof:
One question some of you might be asking is this: if subprime volumes have screeched to a halt, what are all those traders on Wall Street doing? Good question. We’re told that come January there will be a wholesale […]
From the WSJ: PHH Ends Agreement With Blackstone, GE Unit (hat tip Terry)
PHH Corp. said Tuesday it terminated its planned deal with private-equity firm Blackstone Group and a unit of General Electric Co. amid problems with the availability of debt financing needed to fund part of the transaction.…The … company’s industry has been hit hard […]
From Stephanie Simon at the LA Times: Mortgage crisis takes a bite out of states and cities First, kudos to Ms. Simon for calling it a “mortgage crisis” and not falling into the subprime reporting trap!
Dozens of states, counties and cities across the nation will enter the new year facing deep and unexpected budget holes […]
From the Observer: Merrill seeks more funds to avoid crisis (hat tip AllenM)
John Thain, the new chief executive of Merrill Lynch, is this weekend in talks with Chinese and Middle Eastern sovereign wealth funds that could lead to the sale of another big stake in the US bank in a desperate bid to raise capital, […]
Back in November, Tanta discussed the details of the new GSE loan pricing: GSEs Tighten Up Loan Pricing. The new rules are for loans delivered on or after March 1, 2008, however, as Tanta noted:
… these March deadlines are for loans delivered to the GSEs on that date, not loans made on that date. Therefore, […]
For a very bearish take on the credit crisis, see: Crisis may make 1929 look a ‘walk in the park’. The article includes a $700 billion loss estimate from the head of credit at Barclays capital:
Goldman Sachs caused shock last month when it predicted that total crunch losses would reach $500bn, leading to a […]
From the Fed weekly report on commercial paper this morning, here is the discount rate spread:
Click on graph for larger image.
According to the Fed, the discount rate spread is still increasing. This is the graph released this morning.
Meanwhile, the Fed is still pouring liquidity into the market with another $20 billion TAF auction yesterday. And […]
