In essence, rather than borrowing simply based on its own credit rating, a corporation could move an asset into a separate legal entity and then borrow against that asset's value.
If you have an account at Merrill Lynch, say, and you're a customer in good standing, you've been there a long time, they're moving to an asset-based business model from a transaction-based business model.
I'm back from a couple of weeks on the road, and was greeted on my return by the precipitous rise in the interest rate on long-term U.S. bonds — in less than a week, the yield on the ten-year note jumped more than fifty basis points (in layman's terms, it rose more than half a percentage point), which is a huge move for an asset as theoretically stable as a U.S. government bond.
Morgan Stanley's Rollo said: Having performed well both operationally and financially since its 2003 demerger, and with the Hong Kong and Paris hotel disposals completing its move to an asset light model, we think InterContinental management feel they are in a strong position to invest for growth.
I'm back from a couple of weeks on the road, and was greeted on my return by the precipitous rise in the interest rate on long-term U.S. bonds in less than a week, the yield on the ten-year note jumped more than fifty basis points (in layman's terms, it rose more than half a percentage point), which is a huge move for an asset as theoretically stable as a U.S. government bond.
The government was also making tentative plans to merge at least two of them — Cyprus Popular Bank and Bank of Cyprus — and place the healthy assets into a one entity, while moving troubled assets into a so-called bad bank.
Ryan Bell is withdrawing several hundred thousand dollars of his Southern California church's money from an account with Bank of America and moving the assets to a local bank to protest Bank of America's handling of foreclosures, The New York Times reports.
Anyone who tries to tell you that moving your assets to an offshore trust can eliminate a big chunk of your tax bill is either deluded or a scamster.
In addition to catering to their insiders, Russian banks moved a lot of their assets out of the country, setting up operations in favorite offshore banking havens.
The Swiss bank will have the option to move a further $9.0 billion of assets, including student-loan based, auction-rate securities into the fund.
