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Entries tagged "credit markets"More fund manager M&A on horizonAccording to portfolio manager Jeremy Smith, the asset management industry is just inching up the first climb before it takes off full-speed on the M&A roller coaster. Does Chrysler portend tighter capital?There's very little evidence that a legitimate capital strike is occurring, but it doesn't stop CNBC and others from speculating. Should the banks be forced to lend if it's a recession?The banks that received TARP money have been catching a lot of flak from politicians over the past few months for not using the capital injections to jump-start lending and instead using the cash to shore up their balance sheets, buy rivals and even to (ahem) pay bonuses. But all that aside, if it really is the worst recession since the 1930s, shouldn't banks be curtailing lending anyway, as they've done in every other recession? ... 3-month LIBOR rises for first time in 23 trading sessionsThe streak has ended. Three-month LIBOR for dollars rose for the first time in 23 business days Thursday, possibly marking an end to the thaw in credit markets since Oct. 10, after Lehman Brothers Holdings Inc.'s bankruptcy had frozen lending solid. The London interbank offered rate that banks charge each other for three-month loans inched higher by almost two basis points Thursday.... Thawing credit markets increasing confidence in bank debtThe moves by central banks around the globe to bail out financial institutions is creating a global warming of the credit markets as LIBOR fell for the sixth straight day and the spreads on credit default swaps of major U.S. banks all tightened on Monday morning.... Fed lets European central banks borrow unlimited dollars; LIBOR dropsThe coordinated action by central banks in Europe and the U.S. is starting to thaw the frozen credit markets. The London interbank offered rate, or LIBOR, for three-month dollar loans fell 7 basis points to 4.75% on Monday as the Federal Reserves did away with caps on how many dollars it would swap with European banks.... Credit markets shrug off central bank moves, tighten furtherThere's plenty going on in credit markets Monday; unfortunately, with banks gripped by fear, nearly all of the news is bad as financial institutions continue to hoard cash in spite of intervention by the U.S. and European central banks to inject liquidity into markets.... Bailout rejection hits credit marketsWhile no one's exactly sure what the House's rejection of the $700 billion bailout plan means for the economy yet, there were some immediate effects showing themselves in financial markets Monday. Aside from the 600 point to 700 point hammering of the stock market, credit markets also reacted adversely as investors rushed to take refuge in Treasury bills and banks jacked up the costs of lending to each other.... Soapbox: The rise of OIDIn The Daily Deal Eric Goodison, a partner in the corporate department at Paul, Weiss, Rifkind, Wharton & Garrison LLP, examines the emergence of original issue discounts and the leveraged bank loan market. The leveraged bank loan market has had many new developments over the past few years, including the issuance of leveraged bank loans at a discount to par, or what the market refers to as original issue discount, or OID. Lenders need to understand that in most cases the lender will not be able to claim the entire par amount of these OID loans in a bankruptcy... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "credit markets." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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