MER - news - people ), Goldman Sachs and Deutsche Bank (nyse: DB - news - people )--over ARS. (See ) Merrill Lynch,...
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AUCTION RATE SECURITIES
Auction Rate Securities (ARS) are long term variable rate bonds tied to short term interest rates. ARS have a long term nominal maturity with interest rates reset through a modified Dutch auction. This topic discusses the next steps in this industry.
Auction Rate Securities is part of Business Exchange, suggested by
Daniel Lin.
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York attorney general Andrew Cuomo is drumming up a lot of attention for his ongoing investigation into the auction...
most of this year. More recently, Cuomo's staff began taking a close look at whether Fidelity marketed...
C$1 billion ($955 million) in auction-rate securities, while the bank itself has exposure to C$4.9 billion worth of ARS.
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40 firms during the weeks of August 25 and September 8 to target firms with large amounts of auction rate securities in...
40 firms during the weeks of Aug. 25 and Sept. 8 to target those with large amounts of auction rate securities in...
incentive tied to selling the ARS's in question. What both sides cannot deny is that there are more ARS holders who...
would require Merrill Lynch to use its 'best efforts to provide liquidity for approximately $1.5 billion worth of ARS...
securities regulator in Massachusetts, said the agreement calls for Merrill to buy back beginning Oct.
among banks to settle so far, and agreed to buy back between $10 billion and $12 billion in ARS from individual...
were. Under the latest deal with Mr Cuomo, Merrill Lynch said it would repurchase up to $12bn in auction rate...
General's office will increase its scrutiny of some investment banks that have not settled with regulators regarding...
he's 'also seeing results being negatively impacted by slower levels of client activity and expenses and fines from...
staples stocks were higher. Financial stocks were flat as Wachovia (WB) became the fifth bank to settle an auction rate...
staples stocks were higher. Financial stocks were flat as Wachovia (WB) became the fifth bank to settle an auction rate...
up the heat — and fast — on Wall Street firms that shut down the once $330 billion auction rate securities market.
certainly turned up the heat and fast on Wall Street firms that shut down the once $330 billion auction rate securities...
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Top Sources: Auction Rate Securities
- Reuters
- MarketWatch
- Platts
- brokernewsblog.com
- Financial Times
- The Hindu
- New York Times
- Wall Street Journal Online
- TheStreet.com
- Globe Investor
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