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By Marlene Y. Satter, AdvisorOne |
November 18, 2011
Although France and Germany are still wrangling over the part that the European Central Bank should play in resolving the spreading debt crisis across the eurozone, apparently one thing is believed possible despite their disagreements: that the ECB could start printing money.
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By Janet Levaux, AdvisorOne |
November 17, 2011
UBS revealed plans Thursday to strengthen its wealth-management units while scaling down its investment bank and introducing new performance targets companywide.
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By Marlene Y. Satter, AdvisorOne |
November 14, 2011
After a report by Britain's Sunday Telegraph that the European Financial Stability Facility had to resort to buying its own bonds when investors shunned them, the EFSF denied the report.
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By Gil Weinreich, AdvisorOne |
October 17, 2011
President Obama has spoken sympathetically of the leaderless protest movement, Republican candidates have criticized it, Paul Krugman speaks of the group's positive potential while rioters in Rome attest to its destructive potential...
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By John Sullivan, AdvisorOne |
October 13, 2011
Raj Rajaratnam, the 54-year-old co-founder of hedge fund Galleon Group, was sentenced to 11 years in prison on Thursday, one of the longest punishments ever handed down for insider trading.
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By Marlene Y. Satter, AdvisorOne |
October 7, 2011
Moody's on Friday downgraded a dozen U.K. banks, including Lloyds TSB Bank, a unit of Lloyds Banking Group, and Royal Bank of Scotland, saying that there was increasing likelihood that smaller banks would be allowed to fail if troubles worsened.
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By Gil Weinreich, AdvisorOne |
September 12, 2011
JPMorgan Chase CEO Jamie Dimon called Basel III capital rules “blatantly anti-American” and suggested the U.S. should consider withdrawing from the group. Times Columnist Paul Krugman then took a shot at Dimon.
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By John Sullivan, AdvisorOne |
September 7, 2011
PIMCO Chairman Bill Gross warned that the Fed’s ‘showering of money’ on the economy to combat deflation may end up harming long-term lending.
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By John Sullivan, AdvisorOne |
September 2, 2011
Peter Schiff, the one-time Senate candidate and controversial CEO of Euro Pacific Precious Metals, says gold, the Swiss franc and the Japanese yen are the preferred assets to the dollar. All three surged in August, yet Schiff notes the franc and the yen are being actively devalued by central banks...
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By Gil Weinreich, AdvisorOne |
August 30, 2011
Consumer confidence plunged to two-year lows in August, stoking predictions and outright declarations that the economy has slipped into recession. The latest Consumer Confidence Index reading of 44.5 is lower than the 53.9 average for the 2007-2009 recession.