The Word from…
Layoffs sweep Wall Street, along with low morale
(Reuters) - In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's…
Global Baking Regulation Update
Enhancing financial regulation has been a common view between governments since crisis in Y 2008, but debates over implementation details continue, especially since the recent debt crisis has given…
On the…
S&P 500…Something is happening here but you don't know what it is do you, Mr. Jones?
The S&P 500 is down 13% for the month to date in August and it's not even over. This is a far worse month, 30% worse than October 2008 which was down 10% although we had two back to back 10%…
Bank Taps Fund, Raising Jitters in Europe
Amid renewed fears that the euro-zone crisis could put fresh pressure on short-term funding, an unidentified bank made use of the Federal Reserve's swap facility via the Swiss National Bank,…
Apple is worth as much as all euro zone banks
LONDON (Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.
U.S. Stocks Little Changed Amid Economic Concern; Oil, Euro Rise
Aug. 19 (Bloomberg) -- U.S. stocks fluctuated between gains and losses as investors weighed growing concern over the global economy and Europe’s debt crisis against valuations near the cheapest level…
Low Rates Hit Money-Market Funds
Money-market mutual funds, those havens of safety for investors during tumultuous times, are facing their own pressures as interest rates continue to decline. The funds, which historically aimed to…