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Credit Risk

Default Swaps in US at Year's High on Spain Bank Cuts - BusinessWeek

Google News: Credit Risk - Thu, 05/17/2012 - 5:26pm

Moneycontrol.com
Default Swaps in US at Year's High on Spain Bank Cuts
BusinessWeek
By Sridhar Natarajan on May 17, 2012 A gauge of corporate credit risk rose to the highest level this year as Moody's Investors Service cut Spanish banks' credit ratings and on signs the US job market was making little progress.
17/05/2012Moody's downgrades four Spanish regionsExpatica Spain
Moody's downgrades 16 Spanish banksThe Australian
TEXT-Moody's cuts Spanish banks ratingsReuters

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Categories: Credit Risk

FICO Awarded 17 New Patents For Innovations In Predictive Analytics, Credit ... - Sacramento Bee

Google News: Credit Risk - Thu, 05/17/2012 - 3:15pm

FICO Awarded 17 New Patents For Innovations In Predictive Analytics, Credit ...
Sacramento Bee
Two of the 17 new patents are for inventions related to the FICO® Score, the standard measure of consumer credit risk in the United States. One invention models the impact of future actions on subsequent creditworthiness. This invention was used to ...
Fair Isaac Receives 17 New PatentsNASDAQ

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Categories: Credit Risk

FICO Awarded 17 New Patents For Innovations In Predictive Analytics, Credit ... - MarketWatch (press release)

Google News: Credit Risk - Thu, 05/17/2012 - 10:02am

FICO Awarded 17 New Patents For Innovations In Predictive Analytics, Credit ...
MarketWatch (press release)
Two of the 17 new patents are for inventions related to the FICO® Score, the standard measure of consumer credit risk in the United States. One invention models the impact of future actions on subsequent creditworthiness. This invention was used to ...

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Categories: Credit Risk

Analysis: A curious case of German risk and safety - Reuters

Google News: Credit Risk - Thu, 05/17/2012 - 9:55am

Analysis: A curious case of German risk and safety
Reuters
"In the current circumstances there are more people who are worried about credit risk than there are people who are wanting to make money by selling such protection," said Credit Agricole's Jellinek. Amid all the uncertainty and flux, the one thing ...

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Categories: Credit Risk

New York Fed Said to Postpone Sale of Maiden Lane III Debt - Bloomberg

Google News: CDOs - Thu, 05/17/2012 - 9:29am

Bloomberg
New York Fed Said to Postpone Sale of Maiden Lane III Debt
Bloomberg
The New York Fed had planned to sell two slices of a CDO tied to home loans known as Duke Funding High Grade I Ltd., which was created in 2005 with a unit of hedge-fund firm Ellington Management Group LLC as the manager, according to its disclosures ...
New York Fed Postpones Maiden Lane CDO SaleWall Street Journal
New York Fed Delays $1.7 Billion Maiden Lane III Debt SaleSan Francisco Chronicle
AIG (AIG) Slumps as NY Fed Delays $1.7B Maiden Lane III Debt SaleStreetInsider.com (subscription) (blog)

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Categories: , Credit Risk

Using ETFs To Measure Interest Rate Risk - ETF Database

Google News: Credit Risk - Thu, 05/17/2012 - 7:06am

Using ETFs To Measure Interest Rate Risk
ETF Database
When managing a fixed income portfolio, there are two primary risk factors that financial advisors consider: credit risk and interest rate risk. The superstar bond fund managers of the world have set themselves apart by a superior ability to identify ...

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Categories: Credit Risk

SEC Probes Role of Hedge Fund in CDOs - Wall Street Journal

Google News: CDOs - Wed, 05/16/2012 - 9:02pm

Wall Street Journal
SEC Probes Role of Hedge Fund in CDOs
Wall Street Journal
While Magnetar has faced scrutiny over its role in various collateralized debt obligations, or CDOs, the Illinois firm itself now is a target of an investigation by the Securities and Exchange Commission, these people said.

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Categories: , Credit Risk

Fitch Affirms 3 Classes of NYLIM Stratford CDO 2001-1, Ltd./Inc. - MarketWatch (press release)

Google News: CDOs - Wed, 05/16/2012 - 3:18pm

Fitch Affirms 3 Classes of NYLIM Stratford CDO 2001-1, Ltd./Inc.
MarketWatch (press release)
This review was conducted under the framework described in the report 'Global Rating Criteria for Structured Finance CDOs' using the Structured Finance Portfolio Credit Model (SF PCM) for projecting future default levels for the underlying portfolio.

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Categories: , Credit Risk

New alliance combines rating models, risk management software - ABA Banking Journal

Google News: Credit Risk - Wed, 05/16/2012 - 2:25pm

New alliance combines rating models, risk management software
ABA Banking Journal
Harland Financial Solutions teamed up with Ireland-based Rockboro Analytics to provide a complete credit risk management solution to help organizations manage credit risk exposures. “The Rockboro Analytics team has extensive experience in credit ...

Categories: Credit Risk

Default Swaps in US Rise as Greece Prepares for a New Election - BusinessWeek

Google News: Credit Risk - Wed, 05/16/2012 - 2:10pm

Default Swaps in US Rise as Greece Prepares for a New Election
BusinessWeek
By Sridhar Natarajan on May 16, 2012 A gauge of US corporate credit risk increased as a Greek caretaker government will prepare new elections probably on June 17 that may decide whether the country should remain a euro member.
Default Swaps in U.S. Increase as Greece Heads for New ElectionsBloomberg

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Categories: Credit Risk

Default Swaps in US Rise as Greece Prepares for a New Election - Bloomberg

Google News: Credit Risk - Wed, 05/16/2012 - 2:06pm

Boston.com
Default Swaps in US Rise as Greece Prepares for a New Election
Bloomberg
A gauge of US corporate credit risk increased as a Greek caretaker government will prepare new elections probably on June 17 that may decide whether the country should remain a euro member. The Markit CDX North America Investment Grade Index, ...
Default Swaps in US Increase as Greece Heads for New ElectionsBusinessWeek

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Categories: Credit Risk

Fitch Downgrades 11 Bonds in 9 CRE CDO Transactions - SunHerald.com

Google News: CDOs - Wed, 05/16/2012 - 1:04pm

Fitch Downgrades 11 Bonds in 9 CRE CDO Transactions
SunHerald.com
NEW YORK -- Fitch Ratings has downgraded 11 bonds in nine commercial real estate collateralized debt obligations (CRE CDOs) transactions to 'D', as the bonds have incurred a principal write-down. The bonds were all previously rated 'C' which indicates ...

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Categories: , Credit Risk

The Credit Card Industry's New Wild West - American Banker

Google News: Credit Risk - Wed, 05/16/2012 - 1:03pm

The Credit Card Industry's New Wild West
American Banker
Dangers involving people, processes and systems are now a greater danger to big banks than credit risk, according to Comptroller Thomas Curry. The statement may be one of many knockoff effects of JPMorgan Chase's recent trading loss.

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Categories: Credit Risk

OCC's Curry Cites Banks' Operational Risk After JPMorgan's Loss - Bloomberg

Google News: Credit Risk - Wed, 05/16/2012 - 12:46pm

OCC's Curry Cites Banks' Operational Risk After JPMorgan's Loss
Bloomberg
(JPM)'s North American bank, said that operational risks are eclipsing credit risk as the regulator's chief concern. Without naming JPMorgan specifically, Curry said that operational risk -- the risk of loss from failures by people and bank processes ...
Regulator warns on banks' ability to manage riskReuters

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Categories: Credit Risk

Fitch Downgrades 11 Bonds in 9 CRE CDO Transactions - MarketWatch (press release)

Google News: CDOs - Wed, 05/16/2012 - 11:56am

Fitch Downgrades 11 Bonds in 9 CRE CDO Transactions
MarketWatch (press release)
NEW YORK, May 16, 2012 (BUSINESS WIRE) -- Fitch Ratings has downgraded 11 bonds in nine commercial real estate collateralized debt obligations (CRE CDOs) transactions to 'D', as the bonds have incurred a principal write-down.

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Categories: , Credit Risk

JP Morgan Hedge Exposed the Bank to More Risk - CFO.com Magazine

Google News: Credit Risk - Wed, 05/16/2012 - 11:31am

The Guardian
JP Morgan Hedge Exposed the Bank to More Risk
CFO.com Magazine
“It screamed improper credit-risk management to us from the very beginning,” says Matthew Streeter, a product manager at FINCAD, speaking of when he heard about the incident. (FINCAD is a developer of derivatives risk-management software.) ...
A Big Oops at JP Morgan!Business Insider

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Categories: Credit Risk

The Monetary Slow Down - Oakshire Financial

Google News: CDOs - Wed, 05/16/2012 - 11:24am

The Monetary Slow Down
Oakshire Financial
... to the increase in the monetary base and the corresponding increase in the velocity of money caused by financial innovations such as mortgage-backed securities (MBS), collateralized debt obligations (CDO), derivatives and credit default swaps etc.

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Categories: , Credit Risk

Moody's Analytics: Stressed Default Probability Shows US Corporate Credit Risk ... - TheStreet.com (press release)

Google News: Credit Risk - Wed, 05/16/2012 - 11:14am

Moody's Analytics: Stressed Default Probability Shows US Corporate Credit Risk ...
TheStreet.com (press release)
By Business Wire 05/16/12 - 11:00 AM EDT Moody's Analytics expects the credit risk of US companies to improve in 2012 and beyond as the average expected default probability, a key measure of credit risk, falls. The forecast is based on Stressed EDF TM ...

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Categories: Credit Risk

'Governments are the new hedge funds' - PIMCO on credit risk - Investment Week

Google News: Credit Risk - Wed, 05/16/2012 - 10:36am

Investment Week
'Governments are the new hedge funds' - PIMCO on credit risk
Investment Week
"The credit market has been turned upside down as we have moved from interest rate risk to credit risk. Sovereigns are the new risky creditors, credit is behaving like equity, banks are the new high yield, governments are the new hedge funds and ...

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Categories: Credit Risk

US corporate credit risk expected to improve in 2012 - Reuters

Google News: Credit Risk - Wed, 05/16/2012 - 10:06am

US corporate credit risk expected to improve in 2012
Reuters
By Shankar Ramakrishnan NEW YORK, May 16 (IFR) - Credit risk for US companies is expected to improve from the second half, based on a baseline stress test scenario that assumes US economic fundamentals will remain solid despite weak job numbers and ...
Moody's Analytics: Stressed Default Probability Shows US Corporate Credit Risk ...MarketWatch (press release)

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Categories: Credit Risk