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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 |
July 2, 2012
Barclays Chairman Marcus Agius resigned from his post after a LIBOR-rigging scandal resulted in a fine of 290 million pounds. CEO Bob Diamond remained at the helm despite calls for his ouster.
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By Marlene Y. Satter, AdvisorOne |
June 28, 2012
Investors, apparently, not only lack faith in officials to take decisive action on the debt crisis but also do not seem to believe that a bold solution proposed by some can work—because it does not go far enough.
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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 13, 2012
The ECB is more likely to resume buying up sovereign bonds than it is to make any more cheap long-term loans, according to a poll of economists.
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By Marlene Y. Satter, AdvisorOne |
April 11, 2012
A parliamentary committee in the Netherlands said that the country’s government made “large errors” when it bailed out ING Groep NV, ABN Amro Holding NV and Fortis in 2008 and 2009, and those errors put taxpayers on the hook for greater risk and cost.
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By Marlene Y. Satter, AdvisorOne |
March 20, 2012
Last week Greece was granted a massive bailout for the second time, after winning hard-fought concessions from its private debt holders and pushing through additional unpopular austerity measures. This week the IMF said it expected Greece to need additional funding or more debt restructuring—in effect, a third bailout.
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By Marlene Y. Satter, AdvisorOne |
March 14, 2012
The rise in the rate of claims may push criticism that cuts in government spending by Prime Minister David Cameron are too aggressive as he attempts to reduce Britain’s deficit. Consumer confidence is sagging, based in part on fears of job loss, and the country’s economy contracted in Q4 of...
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By Marlene Y. Satter, AdvisorOne |
March 9, 2012
Interbank rates, including Libor, are under investigation by a number of countries amid suspicion of bank misconduct. The U.S. has launched a criminal investigation and European authorities are looking into allegations that banks may have colluded to trade derivatives based on the rate.
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By Marlene Y. Satter, AdvisorOne |
February 2, 2012
Any concessions the European Central Bank may choose to make on Greece’s sovereign debt are likely to remain unknown until Athens comes to some sort of agreement with its private debt holders.