Author: Vincent Ryan
CFO.com- Nio Trades Down After Upsized Equity Offering Prices at Discount Source: Benzinga
- Ally Financial’s Profit Drops by More Than Half Matthew Heller
- Fed Clamps Down on Bank Capital Distributions Matthew Heller
- U.S. Banks’ Profits Sink 69% to $18.5B in Q1 Matthew Heller
- W.Va. Bank Fails After Years of Financial Woes Matthew Heller
Author Archives: vincentryan2013
Oh, to be in the 1970s again
Wouldn’t it be great to get 10% on a corporate bond again? Then again, the inflation rate was 11%. This post is really just an excuse to use Datawrapper. Here’s the interactive version. Related articles The Strategy of Monetary Policy: … Continue reading
A bank is hiding inside your supply chain
My latest story on CFO.com: merchant banking physical commodities warehouses aluminum derivatives price manipulation Goldman Sachs.
Five myths of convertible bonds
Check out a great column on convertible bonds from an exec at Aequitas Advisors. convertible bonds short seller optionality strike price Aequitas Advisers Photo courtesy of Mighty Antar. Related articles Why convertible bonds are too expensive (investmentviking.wordpress.com) Tesla Shares Rally … Continue reading
Posted in Banking, Corporate debt, Corporate finance, Credit markets
Tagged banking, capital markets, Credit risk, Financial services
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The banks trust Henry
As I wrote on CFO.com last week, LBO dealmakers have access to cheap debt. New proof of that came out today. According to Reuters, KKR got the cheapest borrowing rates ever for a leveraged buyout. For the acquisition of Gardner … Continue reading
Guess who created the latest derivative product
Yep, you guessed it, the federal government. The Financial Times reported today that Freddie Mac will sell a new kind of derivative that will get private investors to take on the risk of default of $22.5 billion in mortgages. From … Continue reading
Another kind of contagion
Prior to the financial crisis, you may recall, most of the risk management talk in the banking industry was about protecting against a bird flu virus pandemic. While the mortgage-backed securities market was turning into a toxic wasteland, global regulatory … Continue reading
Posted in Banking, Financial crisis, Regulation, Too Big to Fail, Uncategorized
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Buffett explains how to play it safe
The Seeking Wisdom blog on WordPress had a great post about the concept of margin of safety. Read it here. Among other points, he provides an excerpt of a 1984 speech on buying companies, by none other than Warren Buffett … Continue reading
Posted in Banking, Corporate debt, Financial crisis, M&A, Too Big to Fail
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Bank execs have a laugh at our expense
Listening to two Anglo Irish Bank execs joke about a 7 billion euro bailout is nauseating, but are we really surprised conversations like this went on? This recording of an internal phone conversation between the head of the bank’s capital … Continue reading
Capital question
Ok, so this new study from the Federal Reserve Bank of Boston is from, um, the Federal Reserve, but the results are still compelling: Our study indicates that the capital depletion during the recent financial crisis at large U.S. financial … Continue reading
Posted in Bank balance sheets, Banking, Regulation, Too Big to Fail
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The House Sticks Its Nose Into Auditor Rotation
U.S. Representatives are not merely waging a fight against auditor rotation. They are trying to marginalize the Public Company Accounting Oversight Board.
Posted in Auditing, Regulation
Tagged accounting, capital markets, Congress, Dodd-Frank, House of Representatives, regulatory reform
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Margin of Safety 