News Release
... CAD$230 million in respect of 2015 activity has been retained at the Canadian holding company in order to part-fund the proposed RBC General Insurance Company acquisition. Operating profit has been restated to exclude amortisation and impairment of acquired value of in-force business, which is now s ...
... CAD$230 million in respect of 2015 activity has been retained at the Canadian holding company in order to part-fund the proposed RBC General Insurance Company acquisition. Operating profit has been restated to exclude amortisation and impairment of acquired value of in-force business, which is now s ...
2014 IBM Annual Report 2 0 14 IB M A n n u a l R e p o rt
... cloud, analytics, mobile, social and security generated $25 billion of revenue in 2014, growing by 16 percent. Five years ago, these businesses represented just 13 percent of our revenue. Today, that has risen to 27 percent of IBM’s revenue. Big Data and analytics. Our analytics business grew 7 perc ...
... cloud, analytics, mobile, social and security generated $25 billion of revenue in 2014, growing by 16 percent. Five years ago, these businesses represented just 13 percent of our revenue. Today, that has risen to 27 percent of IBM’s revenue. Big Data and analytics. Our analytics business grew 7 perc ...
Buyout Activity: The Impact of Aggregate Discount Rates
... activity. Their analysis focuses on mispricing in the debt market rather than changes in aggregate prices. These explanations are not mutually exclusive. Both aggregate fundamentals and relative mis-valuation can play a role. Motivated by our empirical findings, Malenko and Malenko (2014) provide an ...
... activity. Their analysis focuses on mispricing in the debt market rather than changes in aggregate prices. These explanations are not mutually exclusive. Both aggregate fundamentals and relative mis-valuation can play a role. Motivated by our empirical findings, Malenko and Malenko (2014) provide an ...
Atento SA (Form: 6-K, Received: 08/02/2016 16:55:59)
... exchange impacts and their tax effects. Adjusted Earnings is not a measure defined by IFRS. The most directly comparable IFRS measure to Adjusted Earnings is profit/(loss) for the period from continuing operations. We believe Adjusted Earnings is a useful metric for investors and is used by our mana ...
... exchange impacts and their tax effects. Adjusted Earnings is not a measure defined by IFRS. The most directly comparable IFRS measure to Adjusted Earnings is profit/(loss) for the period from continuing operations. We believe Adjusted Earnings is a useful metric for investors and is used by our mana ...
Hedge Fund Activism April Klein, Stern School of Business, New
... funds in ways that make it beneficial for them to become activists. First, to qualify for significant tax benefits, mutual funds must be diversified, which means they cannot own more than 10% of the outstanding securities of any company. Nor can 5% of the fund’s total assets be invested in any one s ...
... funds in ways that make it beneficial for them to become activists. First, to qualify for significant tax benefits, mutual funds must be diversified, which means they cannot own more than 10% of the outstanding securities of any company. Nor can 5% of the fund’s total assets be invested in any one s ...
Testing for Rating Consistency in Annual Default
... the same rating, one might have a higher short-term risk of defaulting and another might have a higher long-term risk of defaulting. For all these reasons, it may be difficult, if not impossible, to definitively measure rating consistency. Although these analytical considerations make the task of me ...
... the same rating, one might have a higher short-term risk of defaulting and another might have a higher long-term risk of defaulting. For all these reasons, it may be difficult, if not impossible, to definitively measure rating consistency. Although these analytical considerations make the task of me ...
Leverage and Disagreement ∗ François Geerolf UCLA
... using leverage, and some banks leveraged into Mortgage-Backed Securities that would only pay off if house prices continued to rise. When house prices decreased, Lehman Brothers filed for bankruptcy, and other major banks and insurance companies would have gone bankrupt without government interventio ...
... using leverage, and some banks leveraged into Mortgage-Backed Securities that would only pay off if house prices continued to rise. When house prices decreased, Lehman Brothers filed for bankruptcy, and other major banks and insurance companies would have gone bankrupt without government interventio ...
The Stock Market, Credit, and Capital Formation
... in any meaning other than that which they have been assigned in the newest Keynesian language. The present book adheres to pre-Keynesian language, employing terms such as Saving and Hoarding in the traditional sense (corresponding most nearly to D. H. Bobertson's definitions). In order to avoid misu ...
... in any meaning other than that which they have been assigned in the newest Keynesian language. The present book adheres to pre-Keynesian language, employing terms such as Saving and Hoarding in the traditional sense (corresponding most nearly to D. H. Bobertson's definitions). In order to avoid misu ...
What the Entry Load?
... loans to lot of people. (even to those who can’t afford to pay back the loan) Then you repack those mortgage papers (security ) and make a new security paper “anyone who gives me 500 Rs. I’ll give him mortgage papers of 5 houses” = this is derivative product. Suppose 3rd guy bought such derivative p ...
... loans to lot of people. (even to those who can’t afford to pay back the loan) Then you repack those mortgage papers (security ) and make a new security paper “anyone who gives me 500 Rs. I’ll give him mortgage papers of 5 houses” = this is derivative product. Suppose 3rd guy bought such derivative p ...
International Finance Corporation
... context so allows, includes the CNY Notes) in an unlimited aggregate nominal amount. Notes will be sold through one or more Dealers (as defined in “Plan of Distribution”) appointed by the Corporation, or directly by the Corporation itself as specified in the applicable Final Terms (as defined in “Fi ...
... context so allows, includes the CNY Notes) in an unlimited aggregate nominal amount. Notes will be sold through one or more Dealers (as defined in “Plan of Distribution”) appointed by the Corporation, or directly by the Corporation itself as specified in the applicable Final Terms (as defined in “Fi ...
The incentive structure of the originate-to
... Traditionally, the fundamental business of banks is holding deposits and making loans. Until a few decades ago, banks used to hold loans until borrowers repaid them, because selling loan portfolios was too costly. This is called ‘originate-to-hold’. Loan sale and securitization have changed the trad ...
... Traditionally, the fundamental business of banks is holding deposits and making loans. Until a few decades ago, banks used to hold loans until borrowers repaid them, because selling loan portfolios was too costly. This is called ‘originate-to-hold’. Loan sale and securitization have changed the trad ...
Expected Returns on Major Asset Classes
... Ibbotson and Sinquefield’s (1976a, 1976b) work exemplifies the next period, the classical period. They noted that expected returns on cash and bonds are, naturally, time varying because the expected returns for these asset classes are equal to the yield (minus an allowance for defaults in the case o ...
... Ibbotson and Sinquefield’s (1976a, 1976b) work exemplifies the next period, the classical period. They noted that expected returns on cash and bonds are, naturally, time varying because the expected returns for these asset classes are equal to the yield (minus an allowance for defaults in the case o ...
FORM 10-Q - 10K Wizard
... statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statement ...
... statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statement ...
Հավելված N 1
... (iii) have sufficient financial resources and liquidity to bear all of the risks of an investment in the Notes, including where the currency for principal or interest payments is different from its currencies; (iv) understand thoroughly the terms of the Notes and be familiar with the behaviour of an ...
... (iii) have sufficient financial resources and liquidity to bear all of the risks of an investment in the Notes, including where the currency for principal or interest payments is different from its currencies; (iv) understand thoroughly the terms of the Notes and be familiar with the behaviour of an ...
Financing Patterns of European SMEs
... SMEs’ access to finance has received an increasing interest of academics and policy makers over the last years, in particular since the start of the financial market crisis in 2008. However, prior empirical studies mainly focused on a single financing instrument and its determinants (Berger and Udel ...
... SMEs’ access to finance has received an increasing interest of academics and policy makers over the last years, in particular since the start of the financial market crisis in 2008. However, prior empirical studies mainly focused on a single financing instrument and its determinants (Berger and Udel ...
Form 10-K GENERAL ELECTRIC CAPITAL SERVICES INC/CT
... Historically, we have operated in a highly competitive environment. Our competitors include commercial banks, investment banks, leasing companies, financing companies associated with manufacturers, and independent finance companies. Competition related to our lending and leasing operations is based ...
... Historically, we have operated in a highly competitive environment. Our competitors include commercial banks, investment banks, leasing companies, financing companies associated with manufacturers, and independent finance companies. Competition related to our lending and leasing operations is based ...
Philippine Bond Market Guide
... International Experts for their contribution to provide information from their own market guides, as well as their valuable expertise. Because of their cooperation and contribution, the ADB Team started the research on solid ground. Last, but not least, the ADB Team would like to thank all the inter ...
... International Experts for their contribution to provide information from their own market guides, as well as their valuable expertise. Because of their cooperation and contribution, the ADB Team started the research on solid ground. Last, but not least, the ADB Team would like to thank all the inter ...
NORTH AMERICAN PALLADIUM LTD (Form: 40-F
... have been prepared in accordance with Canadian National Instrument 43-101 — Standards of Disclosure for Mineral Projects ( “NI 43-101” ) and the Canadian Institute of Mining, Metallurgy and Petroleum classification system. NI 43-101 is a rule developed by the Canadian Securities Administrators that ...
... have been prepared in accordance with Canadian National Instrument 43-101 — Standards of Disclosure for Mineral Projects ( “NI 43-101” ) and the Canadian Institute of Mining, Metallurgy and Petroleum classification system. NI 43-101 is a rule developed by the Canadian Securities Administrators that ...
Quarterly - UniCredit Bank
... Outside CEE-EU, both Croatia and Serbia did better than expected in 2016, with growth picking up nicely – even though still lagging that in CEE-EU. Solid demand in the euro area (EA) has played a major role by boosting exports, but perhaps more important was the rebound in private consumption and in ...
... Outside CEE-EU, both Croatia and Serbia did better than expected in 2016, with growth picking up nicely – even though still lagging that in CEE-EU. Solid demand in the euro area (EA) has played a major role by boosting exports, but perhaps more important was the rebound in private consumption and in ...
Reversal and Reduction, Resolution and Reform
... This report was written by Will Price (Senior Financial Sector Specialist), and Heinz P. Rudolph (Lead Financial Economist), both at the Global Capital Markets and Non-‐Bank Financial Institu ...
... This report was written by Will Price (Senior Financial Sector Specialist), and Heinz P. Rudolph (Lead Financial Economist), both at the Global Capital Markets and Non-‐Bank Financial Institu ...
FPL Group - External - Media Corporate IR Net
... The operation of power generation facilities involves many risks, including start up risks, breakdown or failure of equipment, transmission lines or pipelines, use of new technology, the dependence on a specific fuel source or the impact of unusual or adverse weather conditions (including natural ...
... The operation of power generation facilities involves many risks, including start up risks, breakdown or failure of equipment, transmission lines or pipelines, use of new technology, the dependence on a specific fuel source or the impact of unusual or adverse weather conditions (including natural ...
Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d)
... we may also seek other financing opportunities (such as issuance of additional equity or debt securities or additional borrowings from third-party lenders) afforded to us based on our relatively low leverage and quality asset base as additional sources of capital; however, the availability and attra ...
... we may also seek other financing opportunities (such as issuance of additional equity or debt securities or additional borrowings from third-party lenders) afforded to us based on our relatively low leverage and quality asset base as additional sources of capital; however, the availability and attra ...
Review of the method for estimating the Weighted Average Cost of
... regulation of access to Western Australia’s intrastate rail networks. The WARAR seeks to facilitate commercial negotiation between parties. Negotiation is facilitated through provision of information that is approved by the Authority, including on the reasonable costs of access, which are expressed ...
... regulation of access to Western Australia’s intrastate rail networks. The WARAR seeks to facilitate commercial negotiation between parties. Negotiation is facilitated through provision of information that is approved by the Authority, including on the reasonable costs of access, which are expressed ...