Bear bailout vehicle turns first paper profit
Maiden Lane, a vehicle used to provide a loan to JP Morgan to facilitate its bailout of Bear Stearns, turned a paper profit the first time since it was set up, data published on Thursday evening showed.
In the three months to June, the fair value of the assets held as collateral for the loan increased to $627m more than the value of the loan, the Federal Reserve's weekly balance sheet, out Thursday, revealed. The collateral, the Fed said, now had a fair value of $29.4 billion against an
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Central banks
Adopt FX code or face regulation, warn central bankers
Global code of conduct must be adopted, Schiavi and Debelle insist
Malaysia central bank: credit reporting could unite Asean markets
Asean Economic Community faces challenges, says deputy governor Muhammad bin Ibrahim
BoE's Carney: liquidity support for CCPs is a 'last-resort option'
BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms
BoE deputy governor Paul Tucker quits after 33 years
Deputy governor is bound for academia in the US after helping with transition to new Carney regime
Local regulators push for consistent standards across Asean region – Thai SEC interview
Underpinning the integration of regional capital markets is a major concern for Vorapol Socatiyanurak, secretary general of Thailand's Securities and Exchange Commission
New governor signs revised policy target agreement in New Zealand
The Reserve Bank of New Zealand’s policy targets agreement will come into effect on the same day Graeme Wheeler takes over as governor; document includes "stronger focus" on financial stability
Central banks turn to RMB assets
The international brigade
Central banks launch joint investigation into Libor scandal
Economic Consultative Committee announces examination of reference rates used in financial markets
