Archive for September 19th, 2008
BNN interview on bank M&A, short selling
19 September 2008In case you missed it, here is the link to an interview that Mark McQueen did earlier today on BNN Television’s The Close with Kim Parlee. The spot is about 16 minutes in.
AO
Rounding up a remarkable week
19 September 2008Perfection Was Required:
Lehman Brothers 2007 financials (FYE November)
Revenue: US$59 billion (an increase of US$12.3 billion or 26% over 2006)
Net Profit: US$4.2 billion (an increase of US$185 million or 5% over 2006)
Assets: US$691 billion (an increase of US$187 billion or 37% over 2006)
Shareholders Equity: US$22.49 billion (an increase of US$3.3 billion or 17% [...]
Time to reconsider i-banking valuations
19 September 2008For a few days this September, speculation was ripe that CI Financial (CIX.UN:TSX) would trade its 100% stake in investment dealer Blackmont Capital for a minority position in Canaccord Adams (CCI:TSX).
The Globe and Mail’s Andy Willis broke the story, and once word was out, employees at both firms needed to find out what was happening [...]