Goldman stabs at banks' commercial paper power
Article Abstract:
Goldman Sachs has sold over over $78 billion in extendible commercial notes (ECNs) since they created them in 1998. ECNs are sold with an initial maturity of 90 days, but payment can be extended for another 300 days with an interest penalty.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 2001
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The new Bible on options expensing: the FASB "suggests" a move to binomial from Black-Schokes, so prepare to move
Article Abstract:
The Financial Accounting Standards Board (FASB) has issued a set of proposed regulations that would require stock option expensing by 2005. The proposal also encourages companies to shift from the Black-Scholes formula, to a different, and much more complicated binomial method of valuing employee stock options.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 2004
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Fewer faucets but a lot more pipes: as banks merge, loan syndicates find new flows of money from non-banks
Article Abstract:
A number of big banks are expected to reduce, as merger plans already announced between Bank of America and FleetBoston Financial, and J.P. Morgan Chase and Bank One, as well as additional merger are in planning stage. The trend of decline in the number of banks has shown a new capital surge into credit markets from institutional investors, including insurance companies, hedge funds, collateralized debt obligation (CDO) funds and prime rate funds.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 2004
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