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The Future Of Finance: Leviathan Of A Last Resort
State subsidies and guarantees are once again corroding the financial sector and creating new dangers.Ever since Lehman Brothers went bankrupt in 2008 a common assumption has been that the crisis...
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Global Banks Still Have Terrible Corporate Governance Ratings
Moody’s Investors Service downgraded 28 Spanish banks on Monday and 15 global ones last week. Many of these companies’ managers are still struggling to improve their governance, which contributes to...
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CHART: The Boom In Bank Complexity Since 1990
The NY Fed's Liberty Street Economics' blog has been running a series on the evolution of banks. The latest post takes a look at recent changes in bank structure. What's particularly striking is the...
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Why There Is No Solution To The LIBOR Scandal
Three weeks, ago, I wrote LIBOR was a criminal conspiracy from the start. An avalanche of articles have been written on LIBOR since, and I think an update is in order, which also gives me a chance to...
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BofA: The Fed Is Done Easing Until The 'Triple Threat' Emerges
The Federal Reserve disappointed markets on Wednesday by announcing no new monetary easing measures.In a note to client, BofA rates strategists Priya Misra and Shyam Rajan say the Fed is "waiting for...
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Two Cautionary Signs Emerged In The Stock Market Yesterday
In JPMorgan's morning "Lookback At The Market", Adam Crisafulli highlights to slightly cautious signals from the market yesterday.Perhaps the big story in the market was the very weak bank trading....
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The Future Of Finance: Leviathan Of A Last Resort
State subsidies and guarantees are once again corroding the financial sector and creating new dangers.Ever since Lehman Brothers went bankrupt in 2008 a common assumption has been that the crisis...
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Wall Street is getting bullish about itself
Wall Street likes Wall Street as an investment pick.The Federal Reserve hiked interest rates on Wednesday, putting an end to the zero-interest-rate policy era. Investors and analysts expect those...
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Why London bankers should consider moving to Frankfurt in the event of a Brexit
London's bankers should consider moving to Frankfurt, Germany, if the UK leaves the EU on June 23, according to salary benchmark site Emolument.With analysts predicting a UK banking collapse if a...
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Sadiq Khan bats away the financial industry's Brexit fears at a race with...
The Mayor of London Sadiq Khan used his presence at a huge annual racing event for the capital's financial sector to say "London is open for business," despite the Brexit vote causing concern over...
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The UK financial sector could be £43 billion stronger after Brexit with City...
LONDON — A lobby group for the UK finance industry claims the sector could add £43 billion to the UK economy by 2025 if industry, regulators, and the government pull together to work on a "roadmap for...
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Trump's budget chief made a stunning comment that confirmed everyone's worst...
Mick Mulvaney, the White House budget director and interim head of the Consumer Financial Protection Bureau, told a large gathering of banking industry executives on Tuesday to influence lawmakers with...
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UK's biggest banks were hit with a warning to freeze their dividends during...
UK's largest lenders have suspended their dividends after the Bank of England asked them to cancel any outstanding payments due to exceptional circumstances surrounding Covid-19.The UK's financial...
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Banks may not be profitable until 2025 even as major economies recover, new...
Bank profitability will be challenged until at least 2025 as past obstacles and pandemic risks stifle earnings, the International Monetary Fund said Friday.Major US firms diverted tens of billions of...
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Former Citigroup CEO touts Morgan Stanley, Charles Schwab as 'really very...
Morgan Stanley and Charles Schwab stock are top picks after the week's strong sell-offs, Sandy Weill, former Citigroup CEO, told CNBC on Friday.Bank stocks notched outsized losses on Thursday after...
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Bet on bank stocks now before a virus vaccine and easier lending lifts the...
Summary List PlacementJefferies raised its rating on financial stocks to "bullish" from "modestly bullish" on Wednesday, citing loosened lending conditions and new hopes for a near-term vaccine.Bank...
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Buy these 15 stocks set to beat the market and surge even as rising bond...
Summary List PlacementDid it feel like the market turned upside down last week?Over the last few days, stocks went through one of their worst stretches since last March. A strong jobless claims report...
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Peregrine Financial Hit With Class Action Claiming It Spontaneously Axed 300...
July 12--A Peregrine Financial Corp. worker in Chicago has filed a lawsuit against the company, claiming that he was among "300 or so" employees laid off this week without 60 days' written...
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Dave Ellison has beaten 99% of his peers over the last year as a small-cap...
Summary List PlacementDave Ellison has enjoyed the broader rotation into value from growth over the last several months as head of the Hennessy Small-Cap Financial Fund (HSFNX). The fund, which is made...
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UBS names 6 bank stocks to buy as successful stress tests open the door to...
Summary List PlacementUS banks largely passed recent key stress tests with flying colors, and investors will now reap the rewards via higher dividends and buybacks, UBS analysts wrote in a note on...
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