How The Fed’s Move To Ease Capital Restraints Could Affect Large U.S. Banks (00:04:56 min)
On March 18, 2011, the Federal Reserve relaxed its capital restraints on the 19 largest U.S.banks. The move allows these institutions to increase the return of capital to shareholders in the form of dividends and share repurchases. In this CreditMatters TV segment, Standard & Poor's Director Stuart Plesser discusses our thinking on how the decision could affect the banks in the long run. Topics include the potential rating implications, stress test results, and the importance of capital adequacy in the ratings process.
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Saturday, March 26, 2011
Friday, March 25, 2011
WSJ: A Nation of Dropouts Shakes Europe
EUROPE BUSINESS NEWS|MARCH 25, 2011
A Nation of Dropouts Shakes Europe
By CHARLES FORELLE
LISBON—Isabel Fernandes, a cheery 22-year-old with a constellation of stars tattooed around her right eye, isn't sure how many times she repeated fifth grade. Two, she says with a laugh. Or maybe three. She redid seventh grade as well. She quit school with an eighth-grade education at age 20.
A Nation of Dropouts Shakes Europe
By CHARLES FORELLE
LISBON—Isabel Fernandes, a cheery 22-year-old with a constellation of stars tattooed around her right eye, isn't sure how many times she repeated fifth grade. Two, she says with a laugh. Or maybe three. She redid seventh grade as well. She quit school with an eighth-grade education at age 20.
Thursday, March 24, 2011
emii.com: Perella Buys €286M RBS Property Portfolio
Perella Buys €286M RBS Property Portfolio
03-24-2011 | Source: emii.com
The Royal Bank of Scotland (RBS) has sold its Spanish real estate portfolio to special subsidiaries of financial investor, Perella Weinberg, The Wall Street Journal reports. The banking group has not disclosed the financial details of the cash transaction, but the package has a par value of €286 million.
03-24-2011 | Source: emii.com
The Royal Bank of Scotland (RBS) has sold its Spanish real estate portfolio to special subsidiaries of financial investor, Perella Weinberg, The Wall Street Journal reports. The banking group has not disclosed the financial details of the cash transaction, but the package has a par value of €286 million.
WSJ: Portugal's Woes Turn Spotlight on Spain
EUROPE NEWS|MARCH 24, 2011, 5:32 P.M. ET
Portugal's Woes Turn Spotlight on Spain
By MARCUS WALKER And JONATHAN HOUSE
Portugal's admission that it will probably need a financial bailout raises a question that will shape the outcome of the euro zone's debt crisis: Is Spain next?
Portugal's Woes Turn Spotlight on Spain
By MARCUS WALKER And JONATHAN HOUSE
Portugal's admission that it will probably need a financial bailout raises a question that will shape the outcome of the euro zone's debt crisis: Is Spain next?
WSJ: New Phase in Europe Crisis
EUROPE BUSINESS NEWS|MARCH 24, 2011
New Phase in Europe Crisis
Portugal Is Seen Needing Bailout as Austerity Plan Fails, Prime Minister Resigns
By PATRICIA KOWSMANN And JEFFREY T. LEWIS
LISBON—Portugal's parliament rejected a new government austerity plan Wednesday, spurring the resignation of Prime Minister José Sócrates and setting off a new phase in Europe's sovereign-debt crisis.
New Phase in Europe Crisis
Portugal Is Seen Needing Bailout as Austerity Plan Fails, Prime Minister Resigns
By PATRICIA KOWSMANN And JEFFREY T. LEWIS
LISBON—Portugal's parliament rejected a new government austerity plan Wednesday, spurring the resignation of Prime Minister José Sócrates and setting off a new phase in Europe's sovereign-debt crisis.
Wednesday, March 23, 2011
S&P: Could Bank Resolution Regimes Spur Rating Actions?
Could Bank Resolution Regimes Spur Rating Actions? (00:05:37 min)
Bank resolution regimes are legal and regulatory frameworks that clarify the powers and approaches taken by governments to deal with failing banks. Could these regimes spur rating actions? Moreover, will banks be allowed to fail? In this CreditMatters TV segment, Senior Director and Criteria Officer for Financial Institutions Michelle Brennan answers these questions and provides a big picture look at the effects the regimes could have on global banking and financial systems.
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Bank resolution regimes are legal and regulatory frameworks that clarify the powers and approaches taken by governments to deal with failing banks. Could these regimes spur rating actions? Moreover, will banks be allowed to fail? In this CreditMatters TV segment, Senior Director and Criteria Officer for Financial Institutions Michelle Brennan answers these questions and provides a big picture look at the effects the regimes could have on global banking and financial systems.
Watch | Download
Bloomberg: U.S. New-Home Sales Unexpectedly Fall to Lowest on Record
Related News: Economy · Real Estate · U.S.
U.S. New-Home Sales Unexpectedly Fall to Lowest on Record
By Alex Kowalski - Mar 24, 2011 5:20 AM GMT+0900
Purchases of new U.S. homes unexpectedly declined in February to the slowest pace on record and prices dropped to the lowest level since December 2003, adding to evidence the industry is floundering.
U.S. New-Home Sales Unexpectedly Fall to Lowest on Record
By Alex Kowalski - Mar 24, 2011 5:20 AM GMT+0900
Purchases of new U.S. homes unexpectedly declined in February to the slowest pace on record and prices dropped to the lowest level since December 2003, adding to evidence the industry is floundering.
WSJ: Political Risk Rising in Europe
HEARD ON THE STREET|MARCH 23, 2011, 9:05 A.M. ET
Political Risk Rising in Europe
By RICHARD BARLEY
The euro-zone crisis may be back. The Portuguese minority government faces a key vote on austerity measures Wednesday, and Prime Minister José Sócrates has said he will resign if the opposition doesn't support them. The chance Lisbon will have to ask for aid from the euro zone is rising. But this is just the most imminent political risk; national and European interests are colliding from Helsinki to Dublin.
Political Risk Rising in Europe
By RICHARD BARLEY
The euro-zone crisis may be back. The Portuguese minority government faces a key vote on austerity measures Wednesday, and Prime Minister José Sócrates has said he will resign if the opposition doesn't support them. The chance Lisbon will have to ask for aid from the euro zone is rising. But this is just the most imminent political risk; national and European interests are colliding from Helsinki to Dublin.
WSJ: Fed to BofA: No Dividend for You
MARCH 23, 2011, 8:14 AM ET
Fed to Bank of America: No Dividend for You
Bank of America is being left in the dividend cold.
The banking giant said in a regulatory filing that the Federal Reserve rejected BofA’s proposed plan for a “modest” bump to its dividend in the second half of the year — a move BofA has been signaling to investors for months. BofA said it can “resubmit a revised comprehensive capital plan” to the Fed.
Fed to Bank of America: No Dividend for You
Bank of America is being left in the dividend cold.
The banking giant said in a regulatory filing that the Federal Reserve rejected BofA’s proposed plan for a “modest” bump to its dividend in the second half of the year — a move BofA has been signaling to investors for months. BofA said it can “resubmit a revised comprehensive capital plan” to the Fed.
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