Subscribe To
Scapegoat or guilty? connolly's $150 million battle against deutsche bank
US District Judge Jesse Furman has denied Deutsche Bank's motion to dismiss a $150 million lawsuit filed by Matthew Connolly, a former trader at the f...
November 1, 2023, 9:11 am
The preferred share dilemma chimera created for themselves
Chimera Investment Corporation is considering whether to keep CIM-B as a fixed-rate dividend or allow it to float as originally intended. The company ...
September 22, 2023, 5:29 pm
Wild times for mortgage reits
PennyMac Mortgage Trust caused confusion with their announcement on fixed-to-floating shares, requiring re-examination of these shares. Some REITs hav...
August 31, 2023, 5:54 pm
Pennymac: and now for something different for preferred holders
PennyMac Mortgage has announced that its preferred securities will not transition to a floating rate and will remain pegged to existing fixed rates. T...
August 29, 2023, 2:44 pm
Pennymac mortgage investment trust pfd. series a: the next to float
Several REIT preferred issues have converted from fixed to floating interest rates, paying dividends at 3-month ...
July 27, 2023, 2:04 pm
Navient completes plans for orderly libor transition
WILMINGTON, Del., June 05, 2023 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing ...
June 5, 2023, 9:31 pm
Forexlive asia-pacific fx news wrap: major fx rangebound
US Energy Dept cancels US$200mn grant to lithium battery company over alleged China linksMore on central banks, governments rigging Libor, and then ja...
May 23, 2023, 3:01 am
More on central banks, governments rigging libor, and then jailing scapegoat traders
Earlier post on this is here:UK Times reports coordinated manipulation by central banks to rig LiborIn that poist there is a link to an unfortunately ...
May 23, 2023, 1:51 am
Preferreds weekly review: issuers are providing guidance on libor transition
We take a look at the action in preferreds and baby bonds through the first week of April and highlight some of the key themes we are watching. Prefer...
April 16, 2023, 6:08 am
Affirm holdings, inc. (afrm) present at morgan stanley technology, media & telecom conference (transcript)
Affirm Holdings, Inc. (NASDAQ:AFRM ) Morgan Stanley Technology, Media & Telecom Conference March 7, 2023 11:00 AM ET Company Participants ...
March 7, 2023, 2:06 pm
Hibor plunge gives wings to carry trades, sustainability in question
Carry trading has been a popular strategy in the world of ...
March 7, 2023, 11:39 am
Ftai aviation preferred: 9% current yield, 12%+ future floating yield, 5% discount
Floating rate preferreds are currently favored by the market in 2023. FTAI Aviation Ltd.'s preferred FTAIP shares' floating rate is 6.886% above 3-Mon...
January 29, 2023, 9:15 am
U.s. bancorp: 7%+ yielding preferreds geared for uplift
Low-spread floating-rate preferreds experience a higher dividend increase as libor rises than conventio...
January 27, 2023, 1:52 pm
Goldman sachs preferred dividend getting on elevator
Goldman Sachs has a Series J Preferred that will convert to a floating rate dividend in May. At the current li...
January 2, 2023, 3:04 am
Nustar energy's ns-c floating preferred: 13% yield, top pick for 2023
NS-C just entered its floating rate phase on 12/15/22 - its future distributions will be 688 basis points + 3-Month LIBOR, now at 4.75%. At its discou...
December 25, 2022, 9:15 am
Freddie mac announces replacement rates for its legacy libor contracts
MCLEAN, Va., Dec. 22, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced that it will transition its legacy U.S. dollar (USD) LIBOR-i...
December 22, 2022, 4:00 pm
Lumen: why the pain continues
Lumen's shares hit a new multi-year low on Monday. libor surge will add to interest expenses....
December 6, 2022, 5:09 am
Marvel discovery mobilizes crew to confirm historical showings at duhamel nickel-copper-cobalt property in quebec
Marvel Discovery Corp. (TSX-V:MARV) said it has mobilized a field crew to its Duhamel nickel-copper-cobalt (Ni-Cu-Co) and titanium, vanadium, and chr...
July 26, 2022, 7:15 am
Lumen: bad timing for major headwind
Variable rate debt hedges are now all expiring. libor rates have surged during Q2 so far....
June 22, 2022, 2:08 am