Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Geithner says zeal for bank reform intact »
IQALUIT, Canada (Reuters) -
Treasury Secretary Timothy Geithner insisted on Saturday that major economies were not easing up on their commitment to stiffen the rules for banks just because the global economy was recovering.
“We all share a deep commitment to try to move forward and reach agreement on a strong, comprehensive set of financial [...]
FTSE plunges on bank regulation fears (AFP) »
's promises to impose regulations on the US banking and financial sectors.
dropped 0.60 percent to 5,302.99 points.
was the most traded stock, with 375 million units changing hands, followed by
, which saw 208 million shares switch owners.
ICAP was the big loser of the session, shedding 6.58 percent — or 28 pence — [...]
Bank curbs, political fallout slam Wall Street (Reuters) »
NEW YORK (Reuters) –
Stocks capped their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits, and tech shares slumped after
's disappointing results.
for another term as the Federal Reserve's chairman also rattled investors in a week when political squabbles helped erase stocks' [...]
Bank curbs, political fallout slam Wall Street »
Bank curbs, political fallout slam Wall Street
NEW YORK (Reuters) – Stocks capped their worst three-day slide in 10 months on Friday on fears the White House’s plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc’s disappointing results.
Uncertainty about the Senate’s confirmation of Ben Bernanke for another term [...]
Financial stability board welcomes Obama bank plan »
ZURICH (Reuters) – The Financial Stability Board (FSB), charged by the G20 to coordinate national regulation in response to the financial crisis, on Saturday welcomed U.S. proposals to limit banks’ size and trading activities.
The proposals are among a range of options the board is considering as its addresses the risk of banks being “too [...]
Big bank shares hammered after Obama proposal (AP) »
plummeting Thursday.
, Obama vowed to fight big banks with tougher regulations that he believes would head off the cascading failures that required billions in bailout funds for
.
He wants new rules that would restrict banks in the use of depositor money and also limit how big financial institutions can become.
“The market certainly [...]
Options risk gauge jumps on bank, political worries »
Options risk gauge jumps on bank, political worries
CHICAGO (Reuters) – A favorite Wall Street measure of investor anxiety surged on Friday as U.S. stocks sank on concerns over the White House’s plan to rein in risk-taking by banks indicating more stock market turmoil in weeks ahead.
The Chicago Board Options Exchange Volatility Index, popularly [...]
Yen Gains Sharply Following New Proposed US Bank Regulations »
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FTSE plunges on bank regulation fears (AFP) »
LONDON (AFP) –
The FTSE 100 plunged at the close on Thursday, on fears about the effects of increased regulation on the
.
The index of leading shares lost 1.58 percent to close at 5,335.10 points shortly before the US president announced wide-ranging plans to curb risk-taking at America's biggest banks.
Banks dragged the index lower, [...]
Obama proposes bank fee, slams Wall Street »
Obama proposes bank fee, slams Wall Street
WASHINGTON (Reuters) – President Barack Obama on Thursday proposed Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout, as he slammed bankers for their “massive profits and obscene bonuses.”
Striking a populist tone, Obama called for a fee on the biggest U.S. [...]