9.3.2010 |
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An impatient market is not a happy market - Financial Times
Andrew Haldane, the Bank of England's executive director of financial stability, has penned a hugely thoughtful piece about the implications of growing cultural impatience and...
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9.3.2010 |
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Further reading - Financial Times
Elsewhere on Friday,- Ben Bernanke’s Labor Day reading list.- Roubini’s new odds on a double-dip recession.- When bankers are more dangerous than warlords…...
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9.3.2010 |
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Credit spreads maintain rally into weekend on thin flows - Creditflux
Credit spreads have continued to rally today, with much awaited US non-farm payroll data keeping a check on initial trading volumes but showing an improvement on expectations when they came in
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9.3.2010 |
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High yield companies come back to market - Creditflux
Japanese telco operator Softbank has sold JPY130 billion (€1.2 billion) of 1.245 three-year unsecured notes, its largest ever straight bond issuance. Proceeds will be used redeem 2011 bonds. Softbank’s credit default swaps have traded in a narrow range over the past week at around 220bp, but rallied sharply from 290bp…
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9.3.2010 |
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Sub Financials and Crossover curves most attractive, says bank - Creditflux
BNP Paribas’ trading desk has pointed out in a relative value note today that credit curves are very unlikely to flatten
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9.3.2010 |
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Banks Admit Better Disclosure On Bonuses Needed - Wall Street & Technology
Banks said they need to be more
open about the size of their bonus pools and the methodology for
paying star bankers, after making progress in other areas of
reforming pay structures.
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9.3.2010 |
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Four Ex-BofA/Merrill Advisers Sue For Gender Bias - Wall Street & Technology
Bank of America Corp
was sued Thursday in Manhattan federal court by four female
financial advisers and trainees who accused the largest U.S.
bank of mistreating and firing them because of their gender.
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9.3.2010 |
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Sarrazin's Dismissal Sought - Wall Street Journal
The German central bank said its board will ask the country's president to dismiss Thilo Sarrazin, whose comments on immigration have caused a political storm.
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9.3.2010 |
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Credit spreads maintain rally into weekend - Creditflux
Credit spreads have continued to rally today, with much awaited US non-farm payroll data keeping a check on initial trading volumes but showing an improvement on expectations when they came in
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9.3.2010 |
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Cuomo Looks at Schools' Role in Student Credit Cards - Wall Street Journal
New York State Attorney General Andrew Cuomo announced a statewide investigation of credit-card companies marketing to college students through schools.
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9.3.2010 |
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Libor Falls as Banks Sit on Cash - Wall Street Journal
A key interest rate on short-term loans between banks is at its lowest level in five months, but the decline may be more a sign of bank caution than an all-clear for the financial markets.
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9.3.2010 |
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Cuomo Probes Cards' School Ties - Wall Street Journal
New York State Attorney General Andrew Cuomo announced a statewide investigation of credit-card companies marketing to college students through schools.
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9.3.2010 |
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Dirty Money Probe Circles Globe - Wall Street Journal
A slim lead helped spark an inquiry that found some of Europe's banks actively evaded U.S. law in aiding sanctioned countries to move $2 billion undetected.
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9.3.2010 |
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ECB Dismisses Double Dip - Wall Street Journal
The European Central Bank raised its central forecast for 2010 economic growth in the euro zone after leaving its benchmark interest rate unchanged at a record-low of 1%, as expected.
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9.3.2010 |
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Bundesbank Seeks Sarrazin's Dismissal - Wall Street Journal
The German central bank said its board will ask the country's president to dismiss Thilo Sarrazin, whose comments on immigration have caused a political storm.
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9.2.2010 |
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Bundesbank Seeks Sarrazin's Dismissal - Wall Street Journal
The German central bank said its board will ask the country's president to dismiss Thilo Sarrazin, whose comments on immigration have caused a political storm.
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9.2.2010 |
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East Coast Braces for Hurricane Earl - Wall Street Journal
Tropical-storm force winds are expected to reach the North Carolina coast by Thursday afternoon, with hurricane-force winds expected to arrive near the Outer Banks Thursday night, before steadily turning north to New England, the National Hurricane Center said.
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9.2.2010 |
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A gazillion more CDS trades - Financial Times
All hail the Depository Trust and Clearing CorporationThe DTCC has provided an updated and more in depth version of its market “snapshot” of CDS trade — six-month...
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9.2.2010 |
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Bank continues high yield build-up with two senior hires - Creditflux
A bank has made two new key hires to its high yield trading business in Europe.
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9.2.2010 |
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Equity tranches rally amid trading flurry - Creditflux
Yesterday’s US credit rally prompted an uptick in CDX IG9 tranche trading, say traders
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9.2.2010 |
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Copenhagen's Eik Bank Chooses Orc Trading for Proprietary Trading - Advanced Trading
The bank will use Orc to support expansion into different assets, citing access to exchanges around the world.
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9.2.2010 |
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Ireland’s exteeeeended banking issues - Financial Times
So much, perhaps, for that scary September of bank refinancing.Reuters reports that Ireland “signalled” on Wednesday, that it’s seeking to extend its guarantee...
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9.2.2010 |
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Sweden Raises Interest Rates - Wall Street Journal
Sweden's Riksbank raised its key interest rate, continuing its gradual normalization of policy following heavy rate cuts in the wake of the financial downturn.
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9.2.2010 |
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Spain and France auctions fuel credit rally - Creditflux
European credit markets got off to a strong start today following yesterday’s US rally
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9.2.2010 |
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Go long Europe/short US in index or options, says trading desk - Creditflux
BNP Paribas’ trading desk has recommended investors return to a strategy of going long Europe versus the US through indices or credit options
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9.2.2010 |
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To: HSH Nordbank employees, Re: Spying, porn - Financial Times
And you thought German landesbanks were boring.Last week, HSH Nordbank reportedly sent a memo to its employees preparing them for an upcoming Spiegel report. At the centre of...
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9.2.2010 |
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ECB Raises Growth Forecast - Wall Street Journal
The European Central Bank raised its central forecast for 2010 economic growth in the euro zone after leaving its benchmark interest rate unchanged at a record-low of 1%, as expected.
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9.2.2010 |
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Ratings on $55bn muni debt face cut - Financial Times
Credit ratings on almost 900 municipal bonds, or $50bn to $55bn of debt, could be cut by up to three notches by Moody's Investors Service
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9.2.2010 |
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Probe Circles Globe to Find Dirty Money - Wall Street Journal
A slim lead helped spark a global inquiry that found some of Europe's vaunted banks actively evaded U.S. law in aiding sanctioned countries to move $2 billion undetected.
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9.2.2010 |
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Toronto-Dominion Quarterly Net Up 29% - Wall Street Journal
Toronto-Dominion Bank's third-quarter earnings rose 29% from a year earlier, aided by strong retail results in both Canada and the U.S. and lower loan-loss provisions, but nonetheless just missed analyst expectations.
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9.2.2010 |
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Karzai Kin Asks U.S. to Bolster His Bank - Wall Street Journal
A top shareholder in Kabul Bank called on the U.S. to shore up the lender after depositors withdrew about a third of its cash reserves in two days, while the country sought to avert a destabilizing crisis.
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9.1.2010 |
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FDIC Finds 829 U.S. Banks at Risk - Wall Street Journal
More than a tenth of U.S. banks remain at risk of failure even as some industry indicators, including credit quality, show signs of revival.
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9.1.2010 |
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China Deflects Pressure for Yuan Rise - Wall Street Journal
China will continue to relax restrictions on the use of the yuan, but those changes won't resolve China's massive trade imbalance with the U.S., the central bank's deputy governor said.
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9.1.2010 |
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Traders play the basis in credit indices - Creditflux
Mid-August saw large flows through credit index rolls and curve trades as some relative
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9.1.2010 |
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UK banks make credit push across the Atlantic - Creditflux
Two big UK banks with a relatively small credit trading presence are gearing up to extend their expansion plans to the US
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