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Financials Diversified Financials

  • BlackRock's headquarters in New York.

    Six years ago, Wall Street and the City of London were consumed with “Goldman envy”. But that seems to be changing. The FT reports.

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    Moves by Australian banks to raise mortgage rates independently of the central bank did not change the impact of monetary policy, a top central banker said on Tuesday, dampening speculation of a cut to its official rate in response.

  • Downsizing

    Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.

  • Wall Street sign

    There is no shortage of companies waiting to go public in 2012, but whether they succeed is highly uncertain and will depend on the health of the global economy and broader markets, say analysts.

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    The European debt crisis, which has pummeled global markets and is taking a heavy toll on its banks, is threatening to spill over into the Asian banking sector as the region’s lenders calculate their own exposure to the crisis — direct or otherwise. The FT reports.

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    China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.

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    U.S. banking stocks followed the broad decline in Wall Street's Tuesday session on renewed uncertainty over Greece's debt deal. Despite the pessimism, some analysts believe the sell-off in American financials has been overdone and it is time to start buying into the sector.

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    As their student enrollments in the United States continue to shrink, some for-profit schools are hoping to find growth opportunities in other countries.

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    The sputtering initial public offering market may never again be as robust as it once was because there's much more incentive for the owners of growing, young companies to sell out than to go public, suggests one study.

  • Wall Street sign

    As volatile markets and economic uncertainty keep investors on edge, companies are folding their plans to go public in record numbers.

  • Citigroup Building

    Even as financial shares on Wall Street have slumped as much as 40 percent in the past year, the investment community remains divided about whether now is a buy or still a sell for the lenders..

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    As Americans struggle to pay off underwater mortgages and student loan debt, some experts say simple changes to bankruptcy law could provide many with financial relief and potentially help the economy.

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    Wild stock market swings, which have been rocking Wall Street since the middle of summer, are likely to last through next year, and investors should get ready for even greater volatility, warn analysts.

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    Facing declining wages and mounting debt, the weakened American consumer is likely to stay that way for a very long time, some economists say.

  • US Capitol Building with cash

    JPMorgan says education services, electronic equipment and instruments, as well as aerospace and defense could be the hardest-hit sectors, as the bipartisan congressional “supercommittee” looks for targets to cut the federal budget.

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    The weakened American consumer is likely to stay that way for a very long time, some economists say.

  • The exterior of Yahoo! corporate headquarters in Santa Clara, California.

    New reports that Yahoo! may be a takeout target is creating opportunities in the options market.

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    As the stock market continues to struggle, many investors who bet on this year’s new issues are taking an outsized hit since nearly two-thirds of 2011s IPOs are below their initial offering price.

  • Bank of America

    Following news that Warren Buffett's Berkshire Hathaway will invest $5 billion in Bank of America, will investors take this as a sign of confidence in the financial sector?

  • The financial sector has failed to keep up with the broader market's rally off the mid-March lows, and that means something has to give, according to Carter Worth, Oppenheimer Asset Management's chief technician.