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Credit Lime
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Welcome to Credit Lime. In my spare time I also contribute to a financial reporting site called www.CreditLime.com which provides in-depth analysis and reporting on news and events in the financial, derivative and credit default swap marketplace. I have over a decade of experience in the... More
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  • IKB Deutsche Industriebank CDS sink after rumoured sale to HSBC division 2 comments
    Mar 27, 2010 2:58 AM | about stocks: JPM, GS, BAC, MS, C, BCS, WFC, BNPQY, RBS, DB, UBS, CS, HSBC

    German small and medium enterprise lender IKB Deutsche Industriebank saw one of Friday’s biggest CDS price declines with its swaps falling about 60 bps, or almost 20%, from 320 bps to 260 bps by the close on rumours of a sale by owner Lone Star Funds. Among the reasons being speculated for its sale includes its inability to compete with the bulge bracket investment banks like JP Morgan, Goldman, Merrill, Morgan Stanley, Citigroup, Wells Fargo, Barclays, BNP Paribas, RBS, Deutsche Bank, UBS, Credit Suisse


    Disclosure: long all stocks

    Stocks: JPM, GS, BAC, MS, C, BCS, WFC, BNPQY, RBS, DB, UBS, CS, HSBC
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  • Alpha-1
    , contributor
    Comments (2) | Send Message
     
    Interesting articlew - Found more M&A Rumours on Twitter "MARumors": twitter.com/MARumors
    31 Mar 2010, 03:06 AM Reply Like
  • Alpha-1
    , contributor
    Comments (2) | Send Message
     
    Interesting article.
    Found more M&A Rumours on Twitter "MARumors":

     

    twitter.com/MARumors
    31 Mar 2010, 03:10 AM Reply Like
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