Enbridge, Enerplus, Quebecor, Royal Bank: Canada Equity Movers (Bloomberg.com)
May 29 (Bloomberg) — The following companies were having unusual price changes in Canadian trading. Stock symbols are in parentheses, and prices are as of 11:55 a.m. in Toronto.
Investment bank hedges crumble ahead of quarterly results - Marketwatch
These firms still had $158.6 billion of exposure to mortgage-related securities and other asset-backed securities at the end of their fiscal first quarters, according to Bernstein Research. As efforts to hedge such risks break down, big brokers may …
Borrowing against home equity (The Plain Dealer)
More than one-third of homeowners have home equity lines of credit or home equity loans. Home equity lines make up about one-fourth of mortgage debt. Last year, $5.4 billion in new equity lines were opened.