“In the stock market there are two players: a fool and a thief.” ~Proverb
by Andrew Hughes
Global Research, December 6, 2008
The announcement in the last few days of a deal reached between the U.S. Treasury and the moribund insurance giant, A.I.G. provides a very lucid insight in to the nefarious and destructive world of the [...]
BOSTON (MarketWatch) — Investors were set to focus on banking stocks again after Citigroup Inc. and Merrill Lynch & Co. reported more quarterly losses Thursday, one day after the financial sector saw a double-digit percentage decline.
Markets have had plenty of earnings reports to comb through this week, and investors are trying to decide whether more [...]
PARIS (Dow Jones)–The European banking sector continues to be reshuffled at
breakneck speed, as several household institutions either fall into the hands of
more powerful rivals or are being nationalized by their governments.
While the dust hasn’t settled yet, a handful of banks seem to be benefiting from
the current turmoil and are emerging as winners: HSBC Holdings PLC [...]
UBS executives reportedly knew of rule violations
By Simon Kennedy, MarketWatch
Last Update: 8/13/2008 10:25:00 AM
LONDON (MarketWatch) — Senior UBS executives, including its current CEO and
chairman, knew some of their bankers may have breached U.S. securities laws at
least a year before a probe began, according to a report Wednesday.
In a May 2006 letter, Chairman Peter Kurer, who [...]
Open discussions now ongoing in the business media over the Government’s intervention in the equity markets. Traditionally, there is little correlation between oil prices and equities. Traditionally, the US Government was not an hour by hour player in the eqity markets, now this is commonplace.
Why doesn’t the US Treasury just buy the NYSE, and all [...]
By Jamie Chisholm
Wednesday Jun 25 2008 13:25
Fears are mounting that conditions are set to deteriorate markedly in credit markets.
Lehman Brothers (NYSE:LEH) warned this week that spreads on credit default swaps, which track the cost of insuring corporate debt against default, could soon spike beyond the levels seen at the time of the Bear Stearns (NYSE:BSC) [...]
Deutsche Bank, Allianz take fresh write-downs
Worsening market conditions in March lead to loss for Deutsche Bank
By Simon Kennedy, MarketWatch
Last Update: 4:39 AM ET Apr 29, 2008
LONDON (MarketWatch) — Deutsche Bank and Allianz, Germany’s two biggest
financial groups, both announced further write-downs on Tuesday after the credit
crisis worsened towards the end of the first quarter.
Deutsche Bank (DE:514000)(DB) [...]
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