A New Normal for Energy?
The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young.
Sorted Recent Tweets
Trying a new format here, I think readers will like it better. Most things are better after additional effort. Think of this as a news links by subject post. Economics If you look in the back, it seems that there were 58 respondents. From page 13: Methodology & Panel Selection Invi… http://t.co/p8sVZl9g Feb 06, 2012...
Sino-Forest – Still no Closure
Yet another long-awaited Sino-Forest Corp. report is out. If anyone was looking for closure, they might be disappointed.
On Corporate Cash
In human terms, we are most often best off with the via media, that is, the middle way. So it is with corporate cash. The first article I wrote on the internet (in 2003) argued for the value of excess cash in the hands of intelligent management teams. But there is a limit to that,...
On Corporate Cash
In human terms, we are most often best off with the via media, that is, the middle way. So it is with corporate cash. The first article I wrote on the internet (in 2003) argued for the value of excess cash in the hands of intelligent management teams. But there is a limit to that,...
Plus ça (accounting) change at Goldman
What’s this? Something you haven’t seen before in Goldman Sachs’ results?Net revenues in Investing & Lending were $2.14 billion for 2011. Results for 2011...
Is Basel 2.5 hitting the bond market?
What can be confusing about the carnage in eurozone sovereign bond prices, is that there are so many factors at work all pushing the same way.There are technical and fundamental...
Greek bond accounting, encore (et enfin?)
Or, more fun with Greek bond impairments as Rome (or Athens) burns.BNP Paribas has sold billions of euros of Italian and Spanish bonds, with a few (€362m) losses according to its Q3 2011 results....
The Foul Deed of the SEC in 2004
It started with reading Abnormal Returns, something I do daily, and innocent enough. But the article mentioned at SSRN was significant, and far more than a set of book reviews. It cited a GAO study and a speech given by SEC Director Erik R. Sirri, which showed that the SEC did not materially modify its...
Building a better bank recap, discount curve edition
At some point on Wednesday, eurozone governments will say they want banks to find an unspecified amount capital, based on revised sovereign haircuts which… we still don’t...
The pictorial UBS beat
UBS beat profit forecasts with their Q3 results on Tuesday, coming in with a SFr 1.02bn ($1.13bn) of net profit.In the absence of unauthorised gains to offset them, unauthorised...
Writing down Greece at Deutsche, encore
Deutsche Bank’s third-quarter results, 2011:- A €777m profit, double forecasts but down from €1.1bn in the second quarter (excluding charges from the Deutsche Postbank...
