Warren Buffett“A public opinion poll is no substitute for thought.”
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Obama threatens fight with banks on new risk rules »
WASHINGTON (Reuters) – President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.
Obama, a Democrat who is struggling to advance his agenda after a key election loss this week, laid out rules to restrict some banks’ most lucrative operations, [...]
Banks decline amid earnings, fee worries »
Banks decline amid earnings, fee worries
CHARLOTTE, North Carolina (Reuters) – U.S. bank stocks fell on Tuesday after reports that the Obama administration might charge banks more than $100 billion made investors worry about the sector’s profits.
Major U.S. banks’ stock prices saw deeper declines than their regional bank counterparts.
The Obama administration is considering [...]
JAL bankruptcy proposed as option to banks: sources »
TOKYO (Reuters) – A state-backed turnaround fund may seek to put Japan Airlines Corp through bankruptcy court as part of a restructuring of the struggling carrier, two sources with knowledge of the matter said.
JAL applied in October to the Enterprise Turnaround Initiative Corp of Japan, a fund established this year to help revive firms [...]
U.S. banks fight plan to share information abroad »
U.S. banks fight plan to share information abroad
WASHINGTON (Reuters) – A U.S. financial crime agency’s plan to let foreign police seek information from American banks is drawing opposition from groups representing U.S. financial institutions.
The proposed rule by the Financial Crimes Enforcement Network (FinCEN), a division of the Treasury Department, would also permit U.S. [...]
Government probes banks on sale of risky securities: report »
BANGALORE (Reuters) – U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, The New York Times reported on Wednesday.
Investigators in Congress, the Securities and Exchange Commission, and the Financial Industry Regulatory Authority are looking at banks’ sales of [...]
U.S. probes banks on sale of risky securities: report »
U.S. probes banks on sale of risky securities: report
(Reuters) – U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, the New York Times reported on Wednesday.
Investigators in Congress, the Securities and Exchange Commission, and the Financial Industry [...]
Bank’s Failure Agony Continues in the U.S. With the Shutdown of Seven Banks »
Bank’s Failure Agony Continues in the U.S. With the Shutdown of Seven Banks
Sat, Dec 19 2009, 14:03 GMT
by ecPulse.com analysis team
The Federal Deposit Insurance Corp. (FDIC) announced that it closed seven banks in the U.S. with total assets of $14.4 billion in six states to raise the number of bank [...]
European stocks advance as banks shine (AFP) »
LONDON (AFP) –
Europe's leading stock markets rallied on Wednesday, with
hitting a 2009 high, as banking shares jumped and the Tokyo index closed at its highest level for seven weeks.
due on Wednesday.
Frankfurt's DAX 30 index struck 5,896.23 points in midday trading — a level last seen in late September 2008.
It later stood [...]
Banks help European markets advance ahead of Fed (AP) »
rose Wednesday following a report that global finance regulators will give lenders a decade or more to meet stricter capital rules.
In Europe, the
of leading British shares was up 33.19 points, or 0.6 percent, at 5,318.96 while
rose 72.11 points, or 1.2 percent, to 5,883.45. The CAC-40 in
was 34.40 points, or 0.9 percent, [...]