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ECB can expand its tools to fight crisis: board member
ReutersWASHINGTON (Reuters) - The European Central Bank could expand its policy toolkit if needed to battle deflation risks, a top ECB official said on Wednesday, adding that the central bank was also weighing measures to encourage more lending in the euro zone....Tags: Global Expansion, European Central Bank, Credit Ratings, Banking, Lehman Brothers Holdings Inc.
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FACTBOX-Foreign banks in Russia
ReutersMay 22 (Reuters) - Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained for. To follow is some background about foreign banks in Russia:...Tags: Financial Markets, Bank of America Corp., Banking, Mikhail Prokhorov, Investments
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INSIGHT-No more easy pickings in Russia's banking market
Reuters* Domestic players Sberbank, VTB are hard to beat * Foreign banks have made mistakes in Russia's retail market * Russia remains under-banked compared to BRICs * Investment banks are here to stay By Megan Davies MOSCOW, May 22 (Reuters) - Foreign...Tags: Marketing, Banking, Investments, Politics, Italy
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Lehman Brothers Holding raises $1.88 bln selling broker claims
ReutersMay 22 (Reuters) - Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage. The holding company said in a statement...Tags: Companies and Corporations, Bankruptcy, Banking, Lehman Brothers Holdings Inc., Investments
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Wall St. watchdog to review broker bonus disclosure plan in July
ReutersBy Suzanne Barlyn WASHINGTON, May 21 (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on...Tags: Financial Markets, Media Industry, Economy, Business and Finance, Securities, Computing and Information Technology Industry
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Wall Street watchdog to review broker bonus disclosure plan in July
ReutersWASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday. Richard Ketchum,...Tags: Financial Markets, Media Industry, Economy, Business and Finance, Securities, Computing and Information Technology Industry
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Scandal or not, one SAC investor can't get enough of Steve Cohen
ReutersBOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money. "I'm...Tags: Pension and Welfare, Standard & Poor's Financial Services LLC, Investments, Politics, Finance
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Broker-dealer LPL overhauling compliance practices after fines
Reuters* US brokerage firm hit with sales and marketing violations * Firm to phase out 1-person oversight of far-flung offices * Firm plans to hire many more compliance staffers By Jed Horowitz, Ashley Lau and Suzanne Barlyn NEW YORK, May 20 (Reuters) -...Tags: Marketing, The New York Times, Punishment, Economy, Business and Finance, Politics
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Trade group SIFMA names ex-Senator Gregg as CEO
ReutersNEW YORK (Reuters) - SIFMA, the securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and Congress. The Securities Industry and...Tags: Financial Markets, Judd Gregg, Executive Branch, Banking, Corporate Officers
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MOVES-Citigroup, JP Morgan Private Bank, RBS, Barclays
ReutersMay 20 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com. CITIGROUP INC The company named Jane Fraser as the new head of the bank's mortgage...Tags: Companies and Corporations, Corporate Officers, Economy, Business and Finance, JPMorgan Chase & Co., Management Change
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RHB may raise capital for Thai expansion
The Bangkok PostRHB Bank Bhd Thailand, the local unit of Malaysia's fourth-largest bank, may increase capital to support its aggressive expansion plan. RHB remains keen on asset acquisition in the Thai financial market as well. Country head Thiti Musuwan said the...Tags: Financial Markets, Banking, Malaysia, Economy, Business and Finance, Investments
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Analysis: Frontier Markets booming but risks mounting
ReutersNEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets...Tags: Financial Markets, Paraguay, Credit Ratings, Bank of America Corp., Argentina
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 22, 2013
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May 22, 2013
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May 21, 2013
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May 21, 2013
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May 21, 2013
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May 20, 2013
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May 20, 2013
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May 20, 2013
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May 19, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| Reuters
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