ABCP

Welcome to the 'ABCP' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'ABCP'.

Latest blogosphere posts tagged “ABCP”

• ABCP culprits get off at 10 cents on the dollar?

  
  C A I T I - O N L I N E — Authority: 137
  Today we learn that the banks get hit with measly fines of some $134 million for their role as the masterminds of the ABCP house of cards/elaborate cheque kiting scheme of a product offering. Meanwhile taxpayers get stuck with a potential loss of over $1 billion from the ABCP fiasco these banks created. What’s ...
  11 hours ago

• Banks will see ABCP earnings hit

  
  FP Trading Desk — Authority: 546
  Banks sell off debt packages like asset-backed commercial paper (ABCP) in an effort to make more money investing cash than they can from the interest on this debt. But in this game of hot potato, banks stopped checking if the assets in these packages were actually worth what they thought they were. The ABCP fines ...
  13 hours ago

• Canada: economy 2009

  
  Wednesday-Night — Authority: 135
  Jeff Rubin blog Bombardier layoffs reduced after it agrees to job-sharing with union More than 100 Bombardier Aerospace employees will avoid layoff next year after the manufacturer regional jets agreed to a job-sharing agreement with its union. The Montreal-based company will now lay off 604 workers next year as ...
  2 weeks ago

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