“On Friday, the government will report the change in payrolls and the unemployment rate for October. Economists surveyed by MarketWatch are looking for payrolls to fall 200,000, a drop that would be the sharpest since March 2003. Economists are looking for an unemployment rate of 6.3%, the highest since June 2003.
For September, the Labor Department [...]
Stock futures pared declines after some of the economic data, including the Commerce Department’s report that U.S. consumer spending in September tallied its largest drop in four years.
Yeah - that makes perfect sense. Largest drop in four years…so the futures bounce off the lows!!! As usual…was not “abysmal” or “wasn’t worse than expected.”
Another [...]
B of A to own Countrywide Mtg.(B of A will by itself control close to 40% of ALL USA Mortgages) with Countrywide
alone not counting the two below.
JP Morgan to own EMC Mtg.—Merrill Lynch to own Saxon Mtg.
(Talk about a Monarchies)
Subject: Quote by Thomas Jefferson “Is a Central Bank is ever created in America- [...]
LONDON (MarketWatch) - U.K. stocks vaulted higher on Tuesday after the Federal
Reserve said it would start purchasing commercial paper in the stilted market,
helping counter weakness from major banks on worries they will issue stock to the
British government.
In line with markets around the world, the FTSE 100 (UK:UKX) surged on the
announcement of the Fed step.
Major British [...]
LONDON (MarketWatch) — This week’s global stock plunges have been sharp and
severe, but they’re not “the one.”
As U.S. Treasury Secretary Hank Paulson must have been praying, the markets have
withstood the collapse of Lehman Brothers (LEH) and the forced sale of Merrill
Lynch (MER), at least for now.
Yes, American International Group Inc. (AIG) is tottering, and plenty [...]
Talks Over Lehman Resume, Barclays Seen Leading Contender
Last Update: 9/14/2008 11:22:57 AM
NEW YORK (Dow Jones)–Banking executives and federal regulators Sunday resumed
talks at the New York Federal Reserve over the fate of Lehman Brothers (LEH),
according to a spokesman for the New York Fed.
Negotiations have been held since Friday over how to deal with Lehman, the U.S.’s
fourth-largest [...]
CORRECT: EIB Pricing Should Happen Wednesday
Last Update: 8/26/2008 5:52:43 AM
LONDON (Dow Jones)–The European Investment Bank has set price guidance on its
forthcoming three-year, $4 billion global bond at 35 basis points under 3-month
Libor, said one of the banks involved in the deal Tuesday.
JP Morgan (JPM), Barclays PLC (BCS) and Citigroup Inc. (C) have been hired as
joint-lead [...]
By Harry Wilson
Of FINANCIAL NEWS
Barclays Capital, Citigroup and Deutsche Bank were among the worst hit banks in
Europe in the first half of this year as investment banking fees dropped by more
than a third in the wake of the credit crisis.
The three banks each lost market share in investment banking and saw their fees
fall by more [...]
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) [...]
With improved sentiment in financial markets, economists now expect quarter-point cut, instead of half-point, when Ben Bernanke and Fed policymakers meet next week.
SAN FRANCISCO (MarketWatch) — Futures traders and a growing number of economists are now expecting just a quarter-point cut to interest rates when Federal Reserve policymakers meet next week, with forecasters saying improved [...]
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