In fifty years, when historians look back upon the current era of unbridled financial sector influence on American government—unless all historians are by then employed at CitiBankofAmericaChaseOne Institutions of Higher Learning™—Wednesday’s…
Tag Archive for Financial Sector
European Crisis
Spain’s Bankia sees shares dive after bailout plea – Full story
by Newswires • • 0 Comments
(via AFP) Troubled Spanish bank Bankia plummeted on the stock market on Monday after it sought a 19-billion-euro ($24-billion) state bailout, raising doubts about the entire financial sector. After diving by as much as 29.30 percent in early trade, Bankia shares were down 19.1 cents – or 12.17 percent – at 1…
European Crisis
Dallara Says Greek Euro Exit May Exceeed 1 Trillion Euros – Bloomberg
by Newswires • • 0 Comments
The cost of Greece exiting the euro would be unmanageable and probably exceed the 1 trillion euros ($1.25 trillion) previously estimated by the Institute of International Finance, the group’s managing director said. The Washington-based IIF’s projection from earlier this year is “a bit dated now” and “probably on the low side,” Charles Dallara said in…
JP Morgan Latest News
JP Morgan’s rally lifts financial sector – MarketWatch
by Newswires • • 0 Comments
The League of Ordinary GentlemenJP Morgan's rally lifts financial sectorMarketWatchNEW YORK (MarketWatch) — Shares of JP Morgan Chase & Co. rose almost 5% on Tuesday, leading financial stocks higher as they began to rebound from a bruising se…
JP Morgan Latest News
JPMorgan a Buy; Rumors of Trouble Are a ‘Farce’: Bove – CNBC.com
by Newswires • • 0 Comments
JPMorgan a Buy; Rumors of Trouble Are a 'Farce': BoveCNBC.comJPMorgan Chase is one of the best banks in the US, with some of the best managers in the industry, and one trading error will not change that, Richard Bove, vice president of equity r…
Latest Business Headlines
Spain’s troubled Bankia sees stock soar 25.88% – Full Story
by Newswires • • 0 Comments
(via AFP) Shares in Spain’s troubled Bankia soared 25.88 percent on Friday as the financial sector staged a dramatic recovery a day after 16 banks were sharply downgraded by Moody’s. Just a day after Bankia’s stock was hammered by a hotly denied report of a run on its funds, and hours after Moody’s Investors…
Latest Business Headlines
The slow-motion run on Greece’s banks | Brussels blog | News on the European Union from the Financial Times – FT.com
by Newswires • • 0 Comments
Jitters over whether Greece will be forced out of the euro have turned the focus of policymakers in recent days on whether Greece is on the precipice of a bank run… … a full-scale bank run would force the European Central Bank and eurozone lenders to either pump in more money – without a new…
Latest Business Headlines
Bernanke’s Garbage Conomic Models Mistook Housing Bust for Dot-Com Bubble
by Newswires • • 0 Comments
by Peter Orszag “In a speech last month about the financial crisis, Federal Reserve Chairman Ben S. Bernanke trenchantly noted that the initial losses from the dot-com bust were about the same size as those from the housing meltdown — yet the two episodes had very different economic consequences. What Bernanke didn’t say was that…
Latest Business Headlines, Latest Business Headlines
FT Alphaville » Fed seeks to break up long-standing US bank lovefest
by Newswires • • 0 Comments
Earlier this year the Fed proposed new rules that would limit banks’ exposure to each other even more than the Dodd-Frank reforms, coming into force next year, already demand. The banks went away to think about it, and it’s safe to say they have some concerns. Goldman Sachs, in fact, has sent the Fed 20 pages-worth of its concerns…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
We Have No Other Choice
by Charles Hugh Smith • • 0 Comments
America is just going through the motions because we have no other choice–or so we believe.
I have long thought that America Is Just Going Through the Motions–of caring about the deficit, of financial “reform,” and everything else:
Let’s…
