Wednesday, November 28, 2007
Dealer to institutional client corporate bond platform Marketaxess announced today that it has purchased Trade West Systems of Utah. Finextra reporting here…
Sounds good…
Wednesday, November 28, 2007
Numerous business models in the retail financial space…
Transaction revenue ( e.g. stock trades )
Advertsing revenue ( finance portals e.g. Yahoo! Finance )
PPC ( Bankrate )
Fees ( assorted )
Taking the spread (banks and P2P lenders)
From the WSJ today… “Borrowers and lenders don’t pay any fees, although borrowers — who will need a minimum FICO credit score […]
Wednesday, November 28, 2007
Excellent announcement from AOL Money and Finance regarding their new interface launch… lots of cool function updates… and the UI is beautiful looking… go here to see the beta.
From Silicon Valley Insider we get a taste of the retail race…
And another taste from Techcrunch… It’s amazing to think how many investors get their savings and investment data […]
Monday, November 26, 2007
From the WSJ.com
…”The New York Fed said it was expanding the range of securities in its portfolio available to be borrowed to anything with a maturity of more than six days from the previous 13 days; expanding the amount available to borrow, to 90% of an individual issue from 65%; and expanding how much any […]
Monday, November 26, 2007
The fifth labor of Hercules was to clean the Aegean stables in one day… here is how he did it…
…”First the hero tore a big opening in the wall of the cattle-yard where the stables were. Then he made another opening in the wall on the opposite side of the yard.
Next, he dug wide […]
Friday, November 23, 2007
Excellent presentation at the American Enterprise Institute’s event on rating agencies last week.
Discussion of many possible solutions including the adoption of Regulation Equivalent Disclosure.
You can see the webcast here (1 hr. 57 min)…
Thursday, November 22, 2007
Minutes of evidence taken before the Treasury Committee, House of Commons, Tuesday 13 November 2007
Uncorrected Transcript of Oral Evidence to be published as HC 56-i
For the raters:
Charles Prescott, Financial Institutions, Fitch Ratings; Paul Taylor, Fitch Ratings; Michel Madelain, Executive Vice President of Moody’s; Frédéric Drevon, Moody’s Europe; Ian Bell, Standard and Poor’s in Europe; Barry Hancock, Head […]
Wednesday, November 21, 2007
In April a clever online video circulated which was a spoof of Moody’s implementation of their new ratings methodology for financial institutions, Joint Default Analysis (JDA). In the video one actor is berating another saying “I let you out of my sight for 10 seconds and you gave a AAA to the Icelanders. You were just meant […]
The cover of the current Credit magazine… oh the pain of mark-to-market…
Thursday, November 8, 2007
The American Enterprise Institute is hosting an event exploring the topic “Is the Rating Agency System Broken or Fine?”.
Does the subprime debacle mean that the ratings process for complex structured transactions needs to be fundamentally changed? Just a year ago, Congress legislated new procedures to govern how the Securities and Exchange Commission (SEC) oversees […]
