Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 26, 2011

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Jul 26, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 26, 2011

Where the buck stops
Sydney Morning Herald
When it comes to structured finance, the buck doesn't really stop anywhere. Wall Street and thefinancial crisis – now morphed into the sovereign debt crisis – are ample evidence of that. But markets are nothing if not resilient, and “structured ...
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UBS Scraps Earnings Goal After Profit Falls 49%
Bloomberg
Germany's biggest bank today confirmed a goal of 10 billion euros in operating pretax profit this year, while saying the European sovereign debt crisis will make it more difficult to reach a target at itsinvestment bank. ...
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Freedom beyond bonds
Asia Times Online
Would the London financial intermediaries in that case, balked of easy risk-free money in government bonds and the global bond issuance business which their bond market expertise gave them, have turned to the stock financing needs of the early ...
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China Investment Corp. More Aggressive in 2010
Wall Street Journal
Continued economic and financial challenges world-wide, including low interest rates, soaring commodity prices and a persistent debt crisis in the euro zone, make this a tricky time to allocate. Some analysts expect CIC to become more reliant on its ...
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Stratfor: Germany's Choice - Part 2
DefenceWeb (press release)
The 2008 global financial crisis forced a reckoning all over the world, and in the traditionally poorer parts of Europe the process unearthed the political-financial disconnects of Maastricht. Theinvestment community has been driving the issue ever ...
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Soros to End Four Decades as Hedge Fund Leader by Returning Investor Cash
Bloomberg
In the meantime, Soros continues to focus on his philanthropy and on voicing his views on macroeconomic events, such as the sovereign debt crisis in Europe. “My success in the financialmarkets has given me a greater degree of independence than most ...
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Morning News Call - EMEA, July 26
Reuters
The MSCI index of Asia-Pacific shares outside Japan was up 0.8 percent and is up about 1 percent on the month and year, withstanding the occasional bouts of volatility from the US deficit debate and euro zone debt crisis. Swiss bank UBS said on Tuesday ...
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Newspaper Briefing, including 'US parties no closer to debt deal as default ...
Proactive Investors UK
Eurozone debt crisis deepens: Brussels fiddles as bank shares burn: Nearly 4 billion was wiped off the value of Britains Big Four banks amid growing fears over the US and Eurozone debt crises. Rising doubts over the 96 billion Greek rescue package ...
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Analysis: US credit downgrade 'inevitable'
Yahoo! News Blogs (blog)
More difficult to measure would be the loss of American financial prestige. Reduced confidence in the dollar, say some analysts, could result in reduced borrowing for USeconomic growth. Difficulty getting credit could retard the economic recovery and ...
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Asia watches and hopes US will avoid debt 'suicide'
Al-Arabiya
(File photo) By EMILY KAISER Bewildered Asian officials could only watch and hope for the best on Monday after US lawmakers failed to break a debt impasse that threatens to trigger a default and up-end global financial markets. ...
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Erin Burnett Debuts On CNN, Immediately Breaks News, Sends Twitter Aflutter
Mediaite.com
To give ya an idea how reticulated the faults and chicanery in the system were, look at the abrogation in 1999 of the 1933 Glass- Stegall Act that prevented a bank holding company from owning otherfinancial companies . This bill was proposed by Repub ...
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