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Thursday, March 17, 2011

S&P: Structured Finance: Covered Bonds Uncovered

This Week In Structured Finance: Covered Bonds Uncovered (00:12:19 min)

Covered bonds are hybrid debt instruments that combine aspects of structured finance and financial institution ratings. In this podcast, Standard & Poor's Director Karlo Fuchs and Ernestine Warner of Investor Relations discuss our rating approach for covered bonds and the prospects for growth in Europe and the U.S.

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WSJ: Spain Ramps Up Job Efforts

ECONOMY|MARCH 17, 2011
Spain Ramps Up Job Efforts

By JONATHAN HOUSE and DANIEL DE LA PUENTE

MADRID—Spain is redoubling its efforts to lower the country's chronically high unemployment rate and labor costs this month, under intense pressure from the European Union and international investors.

Wednesday, March 16, 2011

emii.com: BNP Paribas Creates New Fund Unit

BNP Paribas Creates New Fund Unit
03-16-2011 | Source: emii.com

French lender, BNP Paribas, has merged its Sigma and Harewood Asset Management units, Bloomberg reports. The new division, which will be called Theam, will specialize in exchange-traded funds (ETFs) and alternative management.

S&P: How M&A Is Shaping The U.S. Health Care REITs Sector

How M&A Is Shaping The U.S. Health Care REITs Sector (00:09:09 min)

In 2010, M&A activity increased significantly in the health care REITs sector, with the pace picking up in the latter part of the year and into 2011. So far this year, over $20 billion in transactions have been announced or completed. What’s prompting the activity, and who are the key players? In this CreditMatters TV video, Standard & Poor’s Directors Susan Madison and George Skoufis take a comprehensive look at how the M&A trend is shaping the industry and what could lie ahead.

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S&P: Why Spanish Banks Still Face Difficulties In 2011

Why Spanish Banks Still Face Difficulties In 2011 (00:09:01 min)

Despite a moderate economic recovery, Spanish banks face another year of obstacles and uncertainty as the industry attempts to significantly transform itself. In this CreditMatters TV segment, Standard & Poor’s Director Elena Iparraguirre discusses the major implications of restructuring, the industry’s strengths and weaknesses, consolidation, and our outlooks for 2011 and 2012.

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S&P: How Tougher Regulations Would Prompt French Banks To Bolster Capital

How Tougher Regulations Would Prompt French Banks To Bolster Capital (00:04:20 min)

French banks continue to post adequate results and benefit from sound asset quality. However, they will continue to operate in a constraining playing field featuring low domestic economic growth, uncertain capital markets, and stricter regulations. The tighter regulatory regime should prompt banks to bolster their capital. In this CreditMatters TV video, Standard & Poor's Director Elisabeth Grandin takes an in-depth look at the situation.

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Bloomberg: BNP Paribas Merges Sigma, Harewood to Create Theam Fund Unit

BNP Paribas Merges Sigma, Harewood to Create Theam Fund Unit
By Fabio Benedetti-Valentini - Mar 16, 2011 1:54 AM GMT+0900

BNP Paribas (BNP) SA, Europe’s largest bank, combined its Sigma and Harewood asset-management units to create Theam, a division specializing in exchange-traded funds and alternative management.

Tuesday, March 15, 2011

WSJ: Anxiety Spreads to Japan's Neighbors

ASIA NEWS|MARCH 15, 2011, 3:49 P.M. ET
Anxiety Spreads to Japan's Neighbors

By JAMES HOOKWAY

Fears about the potential for a transborder nuclear disaster spread across Asia Tuesday as Japan's nuclear crisis deepened, even as experts and officials sought to calm fraying nerves in countries as far away as Singapore and the Philippines.

WSJ: Fed Leaves Policy Unchanged Amid Global Shocks

ECONOMY|MARCH 15, 2011, 3:12 P.M. ET
Fed Leaves Policy Unchanged Amid Global Shocks

By LUCA DI LEO And JEFFREY SPARSHOTT

The Federal Reserve kept its easy-money policies intact as markets reeled from a series of global shocks that could upset a firming U.S. recovery, which Fed officials indicated was just starting to take hold.

Reuters: BNP to merge fund management units into "Theam"

BNP to merge fund management units into "Theam"
PARIS, March 15 | Tue Mar 15, 2011 7:58am GMT

PARIS, March 15 (Reuters) - France's biggest listed bank BNP Paribas (BNPP.PA) announced on Tuesday the details of a merger of two fund management units, Sigma and Harewood Asset Management, in a bid to boost cross-selling and growth.