NEW YORK -- Covered bonds are gaining more interest in the U.S. as a possible alternative to financing mortgages through issuance of RMBS or by pledging loans as collateral to the Federal Home Loan Bank system, according to Fitch Ratings in a special report. "Covered bond investors have a...
A-Sharq Al-Awsat newspaper quoted an announcement published in late September 2002 by I.A.B.C., the Islamic Arab Bank announcing the issuing of an Islamic credit card to its customers. The paper quoted the General Manager of the Bank, Muhammad Buqish, who said the name of the new ...
For the first time in 15 years, the Bank of Canada will begin issuing a new series of bank notes in January, 2001. The new notes will contain updated pictures of the Queen and Prime Ministers already featured. They will also contain updated security features to discourage counterfeiting.
JPMorgan Chase & Co., the nation's second-largest financial services firm, will continue issuing credit and debit cards with Visa and MasterCard logos. Last summer, JPMorgan acquired Bank One Corp. in a $60 billion stock deal. Bank One, one of the largest U.S. card issuers, will use the Chase brand for...
You don't have to abseil down a corporate skyscraper to join in. The World Bank bonds boycott is a campaign to cut World Bank funds off at source, in the spirit of the anti-apartheid movement. It demands an end to economic restructuring imposed by the Bank, total cancellation of debt...
Chase Manhattan Bank and Bank Leumi will cooperate in issuing ADR and GDR negotiable certificates of deposit for shares of Israeli companies on U.S. and other exchanges. These certificates make it possible to trade shares of a company listed on an ex Chase Manhattan Bank and...
The Brazilian bank Banco Itau considers issuing stocks at Nyse next year. At present the bank is adapting its accounting procedures to the US GAAP. On the other hand, Itau confirmed its interest in theprivatization of the Sao Paulo-based bank Ban The...
The World Bank is one of the most advanced and demanding investors worldwide, issuing the first interest rate swap in 1981 with IBM as counterparty. This transaction, which had a value of $290m and a duration of seven years, has generally been seen The...
Brazil: The cooperative bank Bancoob will start issuing co-branded Visa credit and debt cards today. The bank predicts to issue 500,000 cards over the next 2 years, of which 400,000 corresponding to Visa Electron debt cards and 100,000 to Gold an Brazil:...
BEIJING, China, October 18 /PRNewswire/ -- Misys Banking Systems, a global leader in banking software and solutions, announces today that China Merchants Bank, CMB, the largest credit card issuing bank in China, has gone live with Misys Opics BEIJING, China,...
M2 PRESSWIRE-7 March 2006-US Financial Network: BofA Inks Deal for More Space in New York and JPMorgan Chase Issuing Debit Cards to Speed Income Tax Refunds to Low-Income Consumers without Bank AccountsC1994-2006 M2 COMMUNICATIONS LTD RDATE:07032006 City of Industry, CA -...
SAN FRANCISCO--BUSINESS WIRE--May 8, 1995--The California Public Utilities Commission again will hold off issuing a revised policy statement on restructuring California's electric services industry at its May 10 meeting.Commissioner Jessie J. Knight Jr. announced today that he also will hold off issuing his views on electric industry restructuring, "At our...
Do the low long-run average returns of equity issuers reflect underperformance due to mispricing or the risk characteristics of the issuing firms? This paper sheds new light on this question by examining how institutional lenders price loans of equity-issuing firms. The authors found that equity-issuing firms' expected debt return is...
It is cheaper for companies to raise finance by issuing bonds than by borrowing or issuing new equity according to a report by PricewaterhouseCoopers A Good Moment to Restructure the Balance Sheet. "Powerful macroeconomic trends and changes in the tax system are forcing companies to reconsider how much debt they...
ASMARA AFP — The United States said it would suspend issuing tourist and business visas in Eritrea beginning next week as Asmara has not yet allowed a new consular officer to take up the post. The move comes amid growing tension between Washington and Asmara, particularly over Ethiopia and Somalia,...
DENVER -- Electronic commerce and payments leader First Data Corp. (NYSE: FDC) announced today that David P. Bailis, has been appointed to oversee the company's Card Issuing Services unit, while the previously announced strategic review of its U.S. card issuing business continues. Effective today, David will serve as president of...
U.S. corporations do not use their debt and equity issuing and repurchasing activities to counteract the mechanistic effects of stock returns on their debt equity ratios. Thus, over 1-5 year horizons, stock returns can explain about 40% of debt ratio dynamics. Although corporate net issuing activity is lively, and although...
By a vote of 258 to 160, the House Sept. 9 approved an amendment to an appropriations bill aimed at preventing the Treasury Department from issuing proposed cash-balance pension regulations. The amendment, sponsored by Rep. Bernie Sanders (I-VT), would forbid Treasury from spending any funds on issuing regulations...
NEW YORK--BUSINESS WIRE--April 4, 1995--American ExpressR Travelers Cheque Group today announced an agreement in which Bank of Tokyo will sell American Express Travelers Cheques denominated in U.S. dollars and Japanese yen at all of its locations worldwide.
Seven years after it stopped issuing credit cards, PNC Financial Services Group is getting back into the business and ending its card partnership with Bank of America Corp. PNC will roll out its new credit cards Friday, said Dan Tuccillo, head of consumer products for the Pittsburgh-based bank. The cards...
