By Mercy Jiménez
Foreign issuers of covered bonds are moving to develop a U.S. covered bond market while proposed legislation to help potential U.S. issuers lags.  
Today, Canadian Imperial Bank of Commerce (CIBC) announced its intention to issue a U.S. dollar-denominated covered bond — perhaps later this week.
This announcement comes on the heels of last week’s [...]

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Friday I went into the men’s room in an office building. There was a sign that said, “TOILET OUT OF ORDER. PLEASE USE FLOOR BELOW.” Go figure…

In the current environment, the government giveth, and the government taketh away. Barney Frank once again made headlines last week with the statement that the House Financial Services Committee [...]

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To Our Clients, Colleagues and Friends,

From a client who’s a very senior officer at a community bank:  “Examiners are hammering everyone about loans with ridiculous standards, i.e. if it is weak it is bad, if it is OK it is bad, if it is good we must be missing something because it has to be [...]

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  Global Demand for U.S. Assets Rose in November, Treasury Says – By Vincent Del Giudice – (Bloomberg) — International demand for long-term U.S. stocks, bonds and financial assets rose in November as private investors purchased a record amount of government securities, a Treasury Department report showed.  Net buying of [...]

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