Change font size:   

 
Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

Tuesday, July 15, 2008

Finance ministry sells PLN 1.93bn worth of T-bills, demand at PLN 4.95bn.





Finance ministry sells PLN 1.93bn worth of T-bills, demand at PLN 4.95bn. The finance ministry sold 52-week T-bills worth PLN 1,298.5mn against the PLN 1,200.0mn, and 13-week notes worth PLN 629mn compared to the offer of PLN 500mn, at its Jul 14 auction. Demand for the 52-week T-bills was PLN 3,253.970mn, and the minimum price was PLN 9,358.45, with the average yield at 6.767%. In the case of the 13-week bills, demand was PLN 1,694.20mn, the average yield 6.372% and the minimum price - PLN 9,841.04. At the last auction, on July 7 the finance ministry sold 52-week T-bills worth PLN 708.50mn against the offer of PLN 1.2bn, and 13-week notes worth PLN 964.59mn compared to the offer of PLN 500.0mn. ISB







The environment where anyone can leave a big firm and say I wanna start a hedge fund’ and have people throw money at them is clearly over

Grant Kvalheim, former president of Barclays Capital, is one of many senior bankers mulling life after the credit crunch

Ruromoney Jobs Post a job