Archive for March 6th, 2008
Enough with pounding the CDN banks
6 March 2008Shares of BMO are down more than 5% again today, and the shares are closing in on a 5 year low. BNS, Commerce, Royal and TD are off 2% or more as well.
The backdrop? SIVs (BMO, Commerce), ABCP, (BNS, Royal), credit derivatives and re-insurance (CIBC, Royal, etc.), impending U.S. recession (BMO, TD, Royal), [...]
Tom Weisel knows his stuff
6 March 2008You likely think of Thomas Weisel as a brokerage firm, once founded by a Mr. Thomas and a Mr. Weisel. In the tradition of Morgan Stanley and Warburg Pincus. Not so. There’s really a guy with that name, and he goes to work each day trying to build North American growth companies. [...]