Benzinga
By Mark Riddix When the economic crisis of 2008 bashed the financial sector, many of the country's largest banks traded at valuations that would have been unthinkable just a few years earlier. Some institutions have seen the price of their shares ...
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Emails, Memos & Internal Docs Said To Reveal 'Sordid Story'
Here Is The City
At the heart of the financial crisis were unresolved, and often undisclosed, conflicts of interest', said Dr. Coburn. 'Blame for this mess lies everywhere from federal regulators who cast a blind eye, Wall Street bankers who let greed run wild, ...
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Here Is The City
In Euro's Hour of Need, Aide Gets 'Madame Non' to Say Yes
Wall Street Journal
Ireland was on the verge of following Greece into a financial bailout. Portugal appeared close behind, and financial-market panic was infecting Spain. Investors, spooked by German foot-dragging as the crisis unfolded, doubted Berlin's willingness to ...
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Fidelity's Soviero Wagers on Junk Stocks to Unseat Ken Heebner
Bloomberg
The fund no longer owned the stock as of Jan. 31, Bloomberg data show. The global financial crisis of 2008 triggered a flight to safer assets that crushed the fund, said Shannon Zimmerman, a Morningstar analyst. “No one wanted an unhealthy balance ...
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Thursday Newspaper Review - Irish Business News and International Stories ...
FinFacts Ireland
The country could be forced to pay more than 6pc to borrow money in 2015, according to the IMF's latest report on global financial stability. Most economists say that countries run into trouble when the cost of borrowing outstrips economic growth. ...
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FinFacts Ireland
Portugal to get 80 billion euro bailout
Prague Post
But it does highlight tensions between the vastly different economies under the single currency, and could "definitely test the coalition," said Jiří Čáslavka, an analyst in the economic and financial policies program at Prague-based firm Glopolis. ...
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Prague Post
Morning Take-Out
New York Times
BLOOMBERG Naming Culprits in the Financial Crisis A voluminous report on the financial crisis by the Senate — citing internal documents and private communications of bank executives, regulators, credit ratings agencies and investors — describes ...
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Ldn FX: Dollar, Yen Boosted By Swing Back Into Risk Aversion
IMarketnews.com
US: Press pick-ups in the US Thursday, * US: US investigators are examining whether some of the world's biggest banks colluded to manipulate a key interest rate before and during the financial crisis, affecting trillions of dollars in loans and ...
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Newspaper Briefing, Including Goldman 'lied to Congress' over its role in ...
Proactive Investors UK
*Goldman 'lied to Congress' over its role in financial crisis: *Goldman Sachs will be referred to the US Department of Justice for allegedly making “misleading and inaccurate” comments to Congress over its role in the financial crisis. ...
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Glencore to Raise Up to $11 Billion From IPO, Terms Show
Bloomberg
The sale of new shares will give Glencore “firepower” to buy assets, the Financial Times reported April 11, citing an interview with Glasenberg who said there'd be “good value” in a merger with Zug, Switzerland-based Xstrata Plc (XTA), in which it owns ...
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Market Report – Current Market Situation Reported
Star Global Tribune
However, the Bank of England voted to keep its interest rate at a record low of 0.5%. Like the Fed, both banks had kept interest rates low during the financial crisis and recession to spur economic activity. European markets also fell reacting to the ...
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Financial PACs Invest in GOP Freshmen
Youngstown Business Journal
The banking industry, which has fared poorly in public opinion polls in the wake of the financial crisis and recession, denies their campaign contributions can buy votes or get bills introduced or passed. Their donations only give them access so they ...
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Delaying the hard choices comes at a high price
Sydney Morning Herald
One factor that makes governments less likely to intervene is that the recent crisis seems to have discredited government as much as the financial sector. During the Great Depression, matters were different. As economic collapse caused the public to ...
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Is this a traditional financial recovery?
Money Management
As solid data has come out of the United States, and the European debt crisis fears seem to have eased, many commentators are coming to the view that the recovery in the developed world may be much stronger and more sustainable than had previously been ...
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Intensifying Impediments Endorse the Axiom 'Sell in May and Go Away'
Seeking Alpha
And that's caused enormous problems in the financial markets as people have started looking at these instruments which they thought were triple-A and they're finding out they're about triple-F and those problems have a way of spreading, and that caused ...
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Economic growth slowing after fast first quarter: BoC
CTV.ca
Outside of Canada, the global economy is also posting gains as it recovers from a lengthy period of crisis. The bank says the global economic recovery "is becoming more firmly entrenched" and investors are becoming less risk averse. ...
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CTV.ca
Canadian Stocks Rise as Gold, Oil Gain, US Retail Sales Climb
Bloomberg
Bank of Nova Scotia (BNS), Canada's third-largest lender by assets, advanced 1.2 percent to C$58.19, ending a six-day streak of losses. Manulife Financial Corp. (MFC), North America's fourth-biggest insurer, increased 1.1 percent to C$16.64. ...
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NBR for April 13, 2011 - Full Episode
PBS Nightly Business Report
With just fractional gains overall, stocks were held down by the financial sector even after JPMorgan`s results. And while they were better than expected, they were helped out significantly by a big drop in the money the bank set aside to cover bad ...
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A New Member and More Problems for BRICS
The Moscow Times
By just demonstrating that they are not the old, tired “advanced” economies that plunged the world into a financial crisis in 2008, they can rightly contend that they represent the continuing shift in global economic power. ...
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The DA can fix PE - Leon de Villiers
Politicsweb
Not only does such inaction breed a culture of corruption, it also negatively impacts the economic and financial welfare of the municipality and the province. The City of Cape Town faced similar scandals when the ANC ran it between 2001 and 2006. ...
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Annaly Capital Management Releases Quarterly Market Commentary Providing a ...
Business Wire (press release)
Not only has QE2 helped support financial asset prices, but as the central bank takes out Treasury bond float, corporate issuers have stepped up to fill the void. Since QE2 commenced, supply has been robust across the sub-sectors of investment grade, ...
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Raising Taxes is a Very Old, Very Bad Idea
Family Security Matters
“We remind readers,” Bonner wrote in 2003, well before the 2008 financial crisis, “when the Fed creates money out of thin air, it does not create any corresponding wealth. The world's supply of services or swimming pools does not magically increase ...
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Russian Foreign Minister Sergey Lavrov Interview to China's Xinhua News Agency ...
ISRIA (registration)
By acting together in the Group of Twenty, we have achieved significant progress in the reformation of the international financial and economic architecture during the past year, first of all in World Bank reform and in the start of the reformation of ...
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Upside down: Foreclosures cut a wide path of destruction across the Piedmont Triad
Yes! Weekly
Most economists concur that the solution to the housing crisis is job creation. The financial crisis of 2008, which threw the nation into double-digit unemployment, is generally blamed on an unsustainable bubble in the housing market. ...
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Yes! Weekly
ECB - Speech by José Manuel González-Páramo, Member of the Executive Board of ...
DeHavilland (press release) (subscription)
As the crisis is still unfolding, we cannot tell with certainty how our economic and financial systems will function in the future. Unfortunately, based on past experience, we can safely predict that individual banks, and the financial system as a ...
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Hedge Funds With Short Lockups Win Investors, Survey Finds
Bloomberg
Some hedge funds used gates during the financial crisis to prevent investors from withdrawing money. While clients want fewer barriers to pulling money, the perception that hedge funds can provide better returns than other investments means the ...
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Stocks' Fast Start Fizzles Out
Investorplace.com
A quarterly earnings report by JPMorgan Chase (NYSE:JPM) before the opening bell offered an early help to financial stocks, which haven't exactly been on a tear in 2011. In fact, following the eventual decline in financials on Thursday, ...
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RBA's Stevens Sees China's Share of Global GDP Nearing US
BusinessWeek
The US economy and financial system will remain very large and internationally important for the foreseeable future.” Responding to questions after the speech, Stevens said the longer there's cheap money provided by central banks around the world, ...
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Affairs at Aurora 'unacceptable'
Sowetan
Mandela said illegal mining syndicates added to his financial woes as he had to employ more security. "The problem of theft includes some of our own employees against whom we have had to act decisively and this has caused our relationship with labour ...
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Sowetan
IMF warning: Many European banks on shaky ground
Seattle Post Intelligencer
The Washington-based international organization especially underlined the interlocking financial problems afflicting the 17 nations that share the 12-year-old euro currency. Government and bank finances are closely related because European governments, ...
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Senate panel rebukes Goldman Sachs, others over mortgage deals
Kansas City Star
Lippmann secretly bet as much as $5 billion of the company's money on a sharp drop in the value of mortgage securities, reaping $1.5 billion in profits to offset some of the bank's heavy mortgage losses. Unlike the crisis inquiry commission, ...
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Europe Factors-Shares set to dip; miners seen pressured
Reuters
[ID:nLDE73C0AG] Commerzbank sold notes worth 5.7 billion euros ($8.25 billion) on Wednesday in the first of two steps to raise money to repay state bailout capital. [ID:nLDE73C1ZZ] Bank of Ireland's net loss shrank by two thirds in 2010 to 609 million ...
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FACTBOX-US Treasury's tools to delay hitting debt limit
Reuters
Created during the Great Depression of the 1930s, the fund was last used as a backstop to guarantee money market mutual funds during the financial crisis from September 2008 to September 2009. The Treasury would not have to restore lost interest ...
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VSB Bancorp, Inc. First Quarter 2011 Results of Operations
SYS-CON Media (press release)
Raffaele (Ralph) M. Branca, VSB Bancorp, Inc.'s President and CEO, stated, "The first quarter of 2011 has shown signs of relief from the current economic crisis but the current crisis in the Middle East has sharply increased oil prices, ...
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ECB - Speech by Jürgen Stark, Member of the Executive Board of the ECB: The ...
DeHavilland (press release) (subscription)
Central banks have taken unprecedented steps to safeguard this overriding objective during the crisis. Looking ahead, it is up to other key stakeholders in the global financial and economic system to live up to their collective responsibilities and ...
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Senate panel rebukes Goldman, others over financial crisis
McClatchy Washington Bureau
Lippmann secretly bet as much as $5 billion of the company's money on a sharp drop in the value of mortgage securities, reaping $1.5 billion in profits to offset some of the bank's heavy mortgage losses. Unlike the crisis inquiry commission, ...
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Bretton Woods 2.0: Soros New World Order Conference
MWC News
The emerging economic and political order: what lies ahead? Bretton Woods: what can we learn from the past in designing the future? Getting back on track: macroeconomic management after a financial crisis. Sovereignty and institutional design in the ...
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MWC News
Rep / ROUNDUP: Aareal Bank increases capital to fianziellen Travel ...
By B.B
Aareal Bank is the third large German private bank, which is concerned since the end of the financial crisis, money in the stock market. The beginning was made in autumn 2010, the German bank with a capital of 10 billion euros. ... 5 old shares entitle to subscribe for new of 2. The subscription price is EUR 15.75 per unit, well below the share price. The Board spoke of a “market discount” of over 28 percent. majority shareholder Aareal Holding, behind several other ...
Economics Newspaper - http://economicsnewspaper.com/
NewsDaily: BRICS demand global monetary shake-up, greater influence
By Abhijit Neogy and Alexei Anishchuk
NewsDaily: Your best source for breaking news ... Meeting on the southern Chinese island of Hainan, they said the recent financial crisis had exposed the inadequacies of the current monetary order, which has the dollar as its linchpin . What was needed, they said in a statement, ... In another dig at the dollar, the development banks of the five BRICS nations agreed to establish mutual credit lines denominated in their local currencies, not the U.S. currency. ...
NewsDaily: Top Headlines - http://newsdaily.com/?q=Save+Us+From+Berlusconi
Accounting chief wants higher bank capital ratios - Stock Market
By Gilbert Kreijger AMSTERDAM (Reuters) - New bank capital rules should be about 30 ... to prevent a repeat of the last financial crisis, the incoming head of the ... which looks at how well banks can cope with economic and financial shocks, .... Business and financial news provided by Best Growth Stock LLC. ...
www.bestgrowthstock.com/.../accounting-chief-wants-higher-...
Inflation Is A Hot Topic -- Or Is It?
The Business Insider
The Fed's economic outlook also stresses that financial markets as well as market surveys are indicating an increase in short-term inflationary expectations (in the 1-5 year range) but not at the long end of the curve (the Fed's preferred measure is ...
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Annaly Capital Management Releases Quarterly Market Commentary Providing a ...
Business Wire (press release)
Not only has QE2 helped support financial asset prices, but as the central bank takes out Treasury bond float, corporate issuers have stepped up to fill the void. Since QE2 commenced, supply has been robust across the sub-sectors of investment grade, ...
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Commodities sell-off hits Wall Street shares
The Australian
In bond markets, US Treasuries rallied broadly as Japan's nuclear crisis and a drop in US exports and imports raised worries about the global economic outlook. Many investors cut holdings in riskier assets, ranging from US stocks to a wide range of ...
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Surge in oil prices lifts Saudi Q2 business confidence
Arab News
The base value of 100 represents the third quarter of 2009, which marked a period of economic weakness following the global financial crisis. The Q2 survey drew on perspectives of top managers across various sectors: Finance, real estate and ...
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Arab News
Newspaper Briefing, Including Americans threaten to pull the plug in BP vote
Proactive Investors UK
The sports car-maker Spyker is in talks with Sweden's National Debt Office (NDO) which issued guarantees to Saab during the financial crisis over plans to raise capital on the group's property. Vehicle production at Saab was halted at the end of last ...
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Sacrificing the poor to make a deal
Socialist Worker Online
This would prevent the Treasury from borrowing to finance the operations of the US government and repaying holders of US bonds around the world--and would certainly trigger an international financial crisis. While the Republicans may be bluffing, ...
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IMF warning: Many European banks on shaky ground
Atlanta Journal Constitution
By BY DAVID McHUGH AP BERLIN — The IMF singled out European banks as it insisted Wednesday that more needs to be done to shore up the global financial system, saying Europe's weak banks are "caught in a maelstrom" and must beef up their financial ...
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Atlanta Journal Constitution
Why the flow to M'sia dried up
Business Times (subscription)
By G SIVALINGAM INVESTMENT in Malaysia has been declining since the 1997 East Asian financial crisis and has not recovered to its pre-crisis level. Before the crisis, from 1990-1997, the ratio of investment or gross fixed capital formation to GDP was ...
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Can JPMorgan repeat its Q1 performance?
Financial Post
Chief Executive Jamie Dimon is often credited with skillfully piloting his bank through the financial crisis, but many investors are now looking for signs of revenue growth. In recent quarters, the bank has boosted profit mainly by setting aside less ...
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