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Geithner: Tight Lending Threatens US Recovery
13 hours ago ago from Real Estate In Today's Market
U.S. Treasury Secretary Timothy Geithner expressed confidence on Tuesday that the U.S. economy was on a solid recovery path, but said tight lending practices by banks still pose a risk. Right now, the real risk we face is that banks are not lending enough and not going to provide the capital businesses need to grow for the economy to strengthen going forward, Geithner said in an interview on National Public Radio. Name (required) ...
Related contentHow much for that Coco in the window?
20 hours ago ago from Deus Ex Macchiato
An interesting observation from Financial Crookery about the Lloyds Cocos: the 15% ECNs were indicated at 122/123 on minimal volumes, compared to 110/112 for the previous 13% series. Absent the EU-mandated 2 year coupon pass for the 13% security for burden sharing , the 13% notes would have been trading around 132/133, so credit markets value the trigger risk at around 10 points higher than the additional 2% coupon. Is this enough? How ...
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