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Cross-Market Commentary: Bank M&A Volume Sails Higher As Fed Launches QE2 Dec 10 Product Image

Cross-Market Commentary: Bank M&A Volume Sails Higher As Fed Launches QE2 Dec 10

  • Published: December 2010
  • Standard & Poors

FEATURED COMPANIES

  • Bank of Montreal
  • M&T Bank Corp.
  • Marshall & Ilsley Corp.
  • Ocwen Loan Servicing LLC
  • Toronto-Dominion Bank
  • Whitney Holding Corp.
  • MORE

Abstract
The Federal Reserve Board's second round of quantitative easing (known as QE2) has seemingly caused varied reactions so far. The S&P 500 Index has climbed nearly 5% from its 1197.96 close Nov. 3, the day the Fed announced that it would buy back more government bonds in an effort to keep interest rates low and to boost economic activity. In the same time period, the yield on the 10-year Treasury defied initial expectations by moving to more than 3.39% from 2.62%. Additionally, the price of an ounce of gold has moved slightly higher, to more than $1,400 from about $1,350. But what struck the Valuation and Risk Strategies research team most was an independent event: The rise in bank acquisitions...

Companies mentioned in this report are:
- Toronto-Dominion Bank
- Bank of Montreal
- M&T Bank Corp.
- Caja de Ahorros y Monte de Piedad de Madrid
- Ocwen Loan Servicing LLC
- Whitney Holding Corp.
- Wilmington Trust Corp.
- Marshall & Ilsley Corp.
- First Niagara Financial Group Inc.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, READ MORE >

- Toronto-Dominion Bank
- Bank of Montreal
- M&T Bank Corp.
- Caja de Ahorros y Monte de Piedad de Madrid
- Ocwen Loan Servicing LLC
- Whitney Holding Corp.
- Wilmington Trust Corp.
- Marshall & Ilsley Corp.
- First Niagara Financial Group Inc.

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