ForbesBlame Congress, Not Facebook IPO, For Americans Souring On …ForbesLess trust in society's institutions is linked to less stock investing by a population. But might millenials trust themselves to become stock pickers?
Tag Archive for Institutions
European Crisis, Latest Business Headlines
Moody’s cuts 11 European banks’ ratings | Reuters
by Newswires • • 0 Comments
Moody’s has cut the ratings of 11 European banks and said it would cut again if Greece ditched the euro, kicking off a long-awaited round of downgrades for major European institutions. Moody’s Investors Service said on Friday it had taken action against five Dutch banking groups, three French banks and one each from Belgium and…
European Crisis
2011 annual reports for Irish banks reveal potentially catastrophic losses and additional bailouts requirements « NAMA Wine Lake
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So far Ireland has spent €67.8bn bailing out the banks, comprising €62.8bn in cash and promissory notes directly injected into the banks, and a further €5bn gifted to the banks by NAMA in state-aid and for which we are now on the hook if property prices don’t recover. In a country whose GDP was €156bn…
Latest Business Headlines
Spain Accepts Bailout for Its Banks as Leader Warns of Tough Year Ahead – NYTimes.com
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By RAPHAEL MINDER MADRID — The Spanish prime minister on Sunday called his country’s banking rescue by Europe a victory for the euro zone but hastened to describe it as a deal that was drawn up on his country’s own terms. “Nobody pressured me, I was the one who pressured to get credit,” Prime Minister…
Latest Business Headlines
Rampant corruption is aggravating EU crisis
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BY NIKOLAJ NIELSEN BRUSSELS – Corruption and lack of transparency are endemic throughout the EU, with direct links to the economic crisis. The damning conclusion of a major study by the Berlin-based NGO, Transparency International (TI), was put forward at a hearing in the European Parliament in Brussels on Wednesday (6 June). “Europe by and…
Latest Business Headlines
Draghi Says ECB is Ready to Act as Growth Outlook Worsens – Bloomberg
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European Central Bank President Mario Draghi said officials are ready to add more stimulus to the euro region’s economy if necessary, while damping expectations that another round of three-year funding for banks is imminent. “We monitor all developments closely and we stand ready to act” as the economy faces “increased downside risks,” Draghi told reporters…
Latest Business Headlines
Wall Street’s (Other) Great Deleveraging – CNBC
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Wall Street has good reason to be rattled by the news that Goldman Sachs laid off senior personnel, including managing directors, last week. It is likely the beginning of a new kind of deleveraging that will occur at every major Wall Street firm. …many Wall Street firms, especially Goldman Sachs, have engaged in another form…
Latest Business Headlines
Banks shrink from counterparty risk as euro crisis rolls on | Reuters
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Alarmed by Europe’s latest debt crisis and its unpredictable outcome, banks are getting increasingly picky about who they do business with for fear of taking on risky exposures to rivals who could be about to be whipsawed by bad debts. Greece’s slow-motion crash towards default, coupled with the poor health of banks in Spain, have…
Facebook News
In Facebook’s Fiasco, Hope for Reform – Barron’s
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In Facebook's Fiasco, Hope for ReformBarron’sThe fiasco involving the pricing of the giant Facebook IPO could end up changing the way new equity issues get sold. The $18 billion initial public offering has thrown a harsh light on Wall Street practi…
Latest Business Headlines
Facebook’s IPO Already Happened – Several Months Ago on Secondmarket | Daniel Gross – Yahoo! Finance
by Lee Adler • • 0 Comments
Back in the day, when a hot company with scale and a lot of interest came along, there was nowhere for investors to express their enthusiasm about a company until the IPO officially happened. SecondMarket has changed that. The company manages periodic share-sale programs for privately held companies, and has emerged as an exchange where…
