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Stirrings of revolution on the Street

I t turns out that some of the guys who run some of Canada's biggest securities firms are just like most Canadians: They also think investment bankers make too much money. With bonus season upon us as the fiscal year end approaches, amid estimates that ...

From BOYD ERMAN, Globe and Mail,  24 Nov 2009

Related Topics: Royal Bank of Canada|RY|NYSE,  Bank of Nova Scotia

No death sentence needed for securitization

S o this is what it has come to: Securitization is officially scarier than death. The U.S. Congress holds hearings on so-called death bonds – securities backed by bunches of life insurance policies that pay off investors as the original policy holders ...

From BOYD ERMAN, Globe and Mail,  26 Oct 2009

Related Topics: U.S. Congress,  CNBC

Obama cuts pay at bailed-out firms

U .S. President Barack Obama is slashing the pay for top executives at such wards of the state as Citigroup Inc. and General Motors Corp. in a move that compensation experts say looks like good politics but bad business. The government, according to a ...

From BOYD ERMAN, Globe and Mail,  21 Oct 2009

Related Topics: Barack Obama,  Citigroup,  Bank of America,  Goldman Sachs,  General Motors

TMX rival to launch own data service

C APITAL MARKETS REPORTER Alpha Group, the Toronto Stock Exchange's biggest Canadian rival, is once again taking on the country's main stock exchange - this time in sales of key market data that investors need to make buy-and-sell decisions. Last summer ...

From BOYD ERMAN, Globe and Mail,  21 Oct 2009

Related Topics: Thomson Reuters

CMHC's growth fuels worries over new risks

The federal government has quietly given Canada Mortgage and Housing Corp. more financial muscle, raising concerns the multibillion-dollar agency is expanding at an unprecedented pace with little oversight. For the second time since the beginning of 200 ...

From BOYD ERMAN AND TARA PERKINS, Globe and Mail,  16 Oct 2009

Related Topics: Jim Flaherty,  Financial Institutions, Inc.,  Canadian Imperial Bank of Commerce

Does Canada need 'put up or shut up rule'?

A s Xstrata Plc drops its phantom bid for Anglo American Plc and Kraft Inc. decides whether to go ahead with the takeover it says it plans for Cadbury Plc, the spotlight is falling on the U.K. Takeover Panel's so-called "put up or shut up rule." The ...

From BOYD ERMAN, Globe and Mail,  15 Oct 2009

Related Topics: Xstrata,  Anglo American plc

Credit markets continue their tear

E quities are getting all the headlines, as usual, but corporate bonds are getting more of the money as investors continue to flock to credit markets. "We're once again entering unchartered territory as the credit market continues along its path to ...

From BOYD ERMAN, Globe and Mail,  15 Oct 2009

Related Topics: Morningstar, Inc.

More on the star analyst phenomenon

B ank analyst Meredith Whitney is generating a lot of talk with her rating cut on Goldman Sachs Tuesday (you'll find the Globe story here ). In fact, she generated a lot more than that, with markets falling because financial shares sold off on her call. ...

From BOYD ERMAN, Globe and Mail,  14 Oct 2009

Related Topics: Goldman Sachs,  Citigroup,  Ben Graham

Bearish Whitney casts doubt on banks' bounce

M eredith Whitney still has the power to move markets. Two years after making her name by predicting correctly that banks were in trouble and that Citigroup Inc. would have to cut its dividend, the financial services analyst is again causing investors ...

From BOYD ERMAN, Globe and Mail,  13 Oct 2009

Related Topics: Goldman Sachs,  Citigroup,  Deutsche Bank,  CNBC,  Wall Street Journal

Carney may have to start his walk to higher rates

B ank of Canada Governor Mark Carney is talking the talk about potentially using his powers to slow the growth of bubbles in assets such as housing and stocks, and now other central bankers are showing signs of walking the walk. Mr. Carney sparked a big ...

From BOYD ERMAN, Globe and Mail,  12 Oct 2009

Related Topics: Morgan Stanley,  Paul Jenkins

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