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Month: March 2008

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New Ratings Are Here

I am happy to announce two new ratings for subprime CDOs and indeed, the entire credit marketplace if the highly paid members of this society so desire. The ...

Whoa What Just Happened?

My goodness, what a bearish day! The Nifty tanked about 280 points to close at the 4600 levels, and the bottom seems to have dropped out of the market. I ...

The Big Time US Bailout

The US Fed just decided to infuse the market with liquidity of nearly $200 billion, by accepting as collateral, mortgage backed securities (MBS). This is a ...

Budget 2008 Raises Your Salary. Find out How Much.

So I’ve been doing a lot of Javascript coding (ignore that if it sounds like greek) so here is my latest application, made on a whim on Saturday night ...

ICICI Bank – More On Credit Derivatives

Chanda Kochhar says a few interesting things in an interview with Mint: … there are four things that have contributed to the $264 million figure: $69 ...

Fidelity Fined For Favouring Brokers

Bloomberg says Fidelity has been fined $1.6 million for taking favours from brokers in response for running transactions through them. The favours involved ...

Firstsource Insider Selling

Some of the top management at FirstSource Limited sold nearly 90% of their holdings in November 2007. On 8 Nov 07, Ananda Mukerji, CEO, sold around 20 lakh ...

ICICI’s Disclosure See-Saws: Openly Making Fools Of Us

Statements from ICICI: Sep 2007: “..treasury income was Rs. 1.75 billion which was a decline over last year Q2 of Rs. 2.4 billion, a 27% decline that was ...

ICICI Bank: What’s The Subprime Impact?

So how much does ICICI stand to lose if the news is correct? (Ref: ICICI subprime losses at 1000 cr.). ICICI’s share dropped 5% to Rs. 970. They made ...

The First Real Subprime Loss: ICICI Bank Gets Hit

So it seems ICICI Bank has around 1000 cr. ($260 million) of losses due to US subprime. ICICI Bank Ltd., India’s second- largest bank, had a ...