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By Marlene Y. Satter, AdvisorOne |
October 8, 2012
In the wake of the scandal that revealed LIBOR under manipulation by banks all over the world, the benchmark lending rate is suffering a credibility gap even as a smaller core group of banks contributes to setting the rate.
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By Marlene Y. Satter, AdvisorOne |
October 3, 2012
The investment banking units of BNP Paribas, Société Générale, Credit Agricole and Natixis hold 2.05 trillion euros ($2.64 trillion) in trading assets.
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By Gil Weinreich, AdvisorOne |
July 26, 2012
If politics makes strange bedfellows, it also makes for strange adversaries.
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By Marlene Y. Satter, AdvisorOne |
July 23, 2012
U.S. and European authorities are said to be close to making arrests and bringing criminal charges in the LIBOR manipulation scandal.
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By Marlene Y. Satter, AdvisorOne |
July 19, 2012
Regulators are questioning how interest rates are set across the globe—not just LIBOR and EURIBOR, but also various in-country rates.
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By Marlene Y. Satter, AdvisorOne, Joyce Hanson, AdvisorOne |
June 22, 2012
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
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By Marlene Y. Satter, AdvisorOne |
April 26, 2012
BlackRock is said to be planning to launch an Asia investment fund together with China Investment Corp., China’s sovereign wealth fund.
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By Marlene Y. Satter, AdvisorOne |
April 17, 2012
While investors may be jittery about Spain’s financial condition, they jumped on higher yields to scoop up bonds at an auction beyond what Madrid had hoped to sell.
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By Marlene Y. Satter, AdvisorOne |
March 12, 2012
Investors have been expecting a reduction in how much cash must be kept at PBOC by commercial lenders, after required reserve ratios were cut in November and again in February to lower them from their record high in June of 21.5%.
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By Marlene Y. Satter, AdvisorOne |
February 23, 2012
Europe’s banks are tallying up the losses from Greek sovereign debt, and the picture is not a pretty one. Euro losses in the billions are taking a toll on earnings and banks are posting heavy hits in the midst of a need to find additional capital to meet new banking...