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Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 20 “How do financial markets work?” 卜安吉.

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Presentation on theme: "Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 20 “How do financial markets work?” 卜安吉."— Presentation transcript:

1 Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 20 “How do financial markets work?” 卜安吉

2 Financial Institutions & Markets, Day 202 MONDAY, JUNE 25, 2007 A Mortgage Meltdown for MBIA DESPITE ITS REPUTATION FOR somewhat slipshod underwriting, giant municipal-bond and corporate-debt insurer MBIA seemed to have allayed investors' concerns of late by working its way out of some tough situations.MBIA THE RISK OF CDOS IS AMPLIFIED BY THE FACT that they tend to be built from lower- rated tranches of different mortgage-backed securities, classes far below … Why Is MBIA Down So Big? John Succo Oct 25, 2007 3:45 pm John Succo John Succo http://online.barrons.com/public/article/SB118256093145045455-TtD0a6UmUVQGApoIpTq1bVO03KI_20070728.html?mod=9_0002_b_free_features

3 Financial Institutions & Markets, Day 203 U.S. Insurers are expecting to split up – as predicted! Will this help? MBIA - Maybe SCA??? Mish: Reinsurance – NO! MBIA – Eliminates Dividend

4 Financial Institutions & Markets, Day 204 1 Year Libor Rate London Interbank Offer Rate The benchmark Shanghai Composite Index up 1.1% at 4238.18, Tuesday Feb 26. “Ping An Insurance ended up 4.1% after the insurer said it will reconsider the timing and scale of its fundraising plan.” Libor – Shibor Interest Rates


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