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At Sept. 30, 2015, $T had posted collateral of $1.81Bil which is a deposit asset and held collateral of $379MM which is a receipt liability. Under the agreements, if credit rating had been downgraded one rating level by Fitch Ratings, before the final collateral exchange in Sept., $T would have been required to post additional collateral of $105MM.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.