JPMorgan Tightens Bond Grip as Whale Loss WeighsBloombergJPMorgan Chase & Co. is tightening its grip on the global corporate bond market while Bank of America Corp. sees its market share decline with issuance on pace to exceed $3 trillion for a fou…
Tag Archive for Financial Markets
Latest Business Headlines
Surviving the investment bank killing zone – Reuters
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Investment banking faces a shakeout and only large commercial players and boutiques offering outstanding service will survive and prosper, the head of emerging markets banking specialist Renaissance Group told Reuters. Investment banks are undergoing wrenching change as weak financial markets force companies to pull back on raising capital and striking deals, cutting the flow of…
European Crisis
Relieved Europe hints at more time for Greece | Reuters
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(Reuters) – Euro zone paymaster Germany, relieved at a narrow election victory for Greece’s pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit. But financial markets’ relief that the 17-nation European currency area had avoided plunging deeper into crisis…
Latest Business Headlines
No let-up for Spain, Italy pain after Greek vote | Reuters
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Spain called on Monday for the European Central Bank to step in to fight financial market pressure after any hopes that the Greek election result might ease the strain on vulnerable Spanish and Italian debt were dashed… The yield on Spain’s 10-year bond went above the 7 percent widely viewed as unsustainable. Italy’s was just…
European Crisis, Must Read
Central Banks Warn Greek-Led Euro Stress Threatens World. Pundits Demand Quick Fix
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Central banks intensified warnings that Europe’s failure to tame its debt crisis threatens to roil the world’s financial markets and economy as Greece’s election in two days looms as the next flashpoint for investors. Monetary policy makers from the U.K. to Japan and Canada sounded the alert about potential fallout from the single currency bloc’s…
JP Morgan Latest News
Dimon says losses indefensible, still reform skeptic – Deccan Chronicle
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Dimon says losses indefensible, still reform skepticDeccan ChronicleDimon said Washington must not overreact to JPMorgan's trading loss and tighten new rules so much that it hurts financial markets. "We have the widest, …and more »
European Crisis, Latest Business Headlines
Fitch cuts ratings on 18 Spanish banks
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Fitch cuts ratings on 18 Spanish banks (via AFP) Fitch Ratings downgraded 18 Spanish banks on Tuesday, twisting the knife on a country being pummelled on the financial markets despite a massive banking bailout. Fitch, which slashed Spain’s sovereign debt rating by three notches last week to BBB and downgraded the two biggest banks Santander…
Latest Business Headlines
Spain’s bailout: 4 hours and 40 minutes of calm – The Washington Post
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In the past, every time European leaders have huddled together and announced a plan to douse the latest fire in Europe, the financial markets have usually been placated for a brief while — say, a few weeks or months. Then another crisis flares up, and everyone starts panicking again. Nowadays, though, it seems we only…
Facebook News
Ted Kaufman: Facebook Fiasco Damages U.S. Markets
by Newswires • • 1 Comment
The Facebook initial public offering fiasco is just the latest in a string of events that have seriously damaged the credibility of U.S. equity markets. The exodus of retail customers from our stock markets is the most obvious and dangerous indication of this loss of credibility. Too many things have happened in recent years that…
JP Morgan Latest News
EON Will Lose Millions After Trader’s ‘Irregularities’ – BusinessWeek
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EON Will Lose Millions After Trader's 'Irregularities'BusinessWeekEON's losses follow money-losing bets in financial markets in the past year which hurt banks including JPMorgan Chase & Co. and UBS AG. The utility's trading and …
