Market Currents

• Thursday, December 10, 2009

• 14:28 PM Royal Bank of Canada (RY) - with a Tier 1 Capital ratio already at 13% - files to sell up to $8B in debt, signaling that it's moving forward on Chief Executive Gord Nixon's plans for major acquisitions, especially in global wealth management. (previously) Comment!

• Monday, November 30, 2009

• 07:14 AM Thirty giant financial institutions were selected by the FSB for cross-border systemic-risk oversight, and will be asked to write "living wills" that outline wind-down plans in the aftermath of a crisis. They include: AEG AXA AZ BAC BCS BFR CS DB GS HBC ING JPM MFG MTU NMR RBS RY STD UBS. 1 Comment

• Sunday, November 8, 2009

• 16:31 PM Northrop's (NOC) TASC sale speaks to the return of the LBO of a new ilk. Four banks - Barclays (BCS), Royal Bank Of Canada (RY), Deutsche Bank (DB) and a lending unit of the Canada Pension Plan - are providing senior debt of well under $1B to fund the buyout, a figure that would have been a rounding error for one bank during the credit boom. 3 Comments

• Monday, October 19, 2009

• 08:53 AM Royal Bank Of Canada (RY) signals it could buy back more than C$1B in shares, underscoring the relative financial health of Canada's banks vs. many of their U.S. and European counterparts. Comment!

• Thursday, August 28, 2008

• 08:21 AM Royal Bank Of Canada (RY): FQ3 EPS of C$0.92 beats by C$0.03. Revenue of C$6.41B vs. C$5.82B. [PR] Comment!

• Thursday, May 29, 2008

• 08:47 AM Royal Bank (RY): FQ2 EPS of C$0.70 misses by $0.29. Q2 loan loss provisions of C$349M. Says writedowns reflect liquidity pressures, not credit quality. [PR] Comment!

• Wednesday, May 28, 2008

• 08:50 AM Learning Tree (LTRE) to explore possible sale. RBC (RY) to advise. Shares trade at $16.40 after a peak of $26.72 in December. Comment!