Dec 1- The U.S. Justice Department is not planning any penalties on a civil probe relating to allegations that large banks tried preventing competition in the credit default swaps market, the Wall Street Journal reported, citing people familiar with the matter.» Read More
The “Norma” deal that the SEC is investigating was one of several complex transactions that became known under one name, “The Magnetar Trade.” To many in finance, it is still considered one of the most elegant trades in recent memory.
Past voluntary debt reprofilings in Latin America have worked to varying degrees, but "soft" restructuring is not going to solve Greece's debt problems, according to Stuart Culverhouse, chief economist of frontier markets specialist Exotix
Just a few short years after the worst financial crisis since the 1930’s, there’s chatter that some big money investors are up to their old tricks again.
The imminent end of the Fed's quantitative easing as well as news that Standard & Poor’s had downgraded the outlook for Italy's ratings to negative were behind the stock selloff in Europe in morning trade, analysts told CNBC.com Monday.
The European Union’s antitrust investigations into derivatives will very likely demonstrate how banks use regulations to stifle competition.
With opposition to the bailouts of Greece, Ireland and now Portugal rising fast in the euro zone’s prosperous north, one analyst warns Greece to get on with restructuring its debt.
Euro zone politicians should accept that Greece is bankrupt and allow it to restructure its sovereign debt, or risk inflation getting out of control, one analyst told CNBC. Others said inflation was on the rise.
While periphery euro zone countries are drowning in a sea of debt and investor reluctance, Eastern Europe – which two years ago sent shockwaves through markets – is now shining away from the limelight.
Greece has remained the world’s riskiest sovereign debt for the second quarter running in the first quarter of this year, according to a report by independent credit market data provider CMA.
There could be about $100 billion of defaults in municipal bonds over the next five years, a report by Roubini Global Economics, the company founded by famous economist Nouriel Roubini, showed, according to the Wall Street Journal.
Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.
The Swiss central bank confirmed it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo deals – operations under which it lends money against collateral.
Call it one of the dirty little secrets of the education industry: When students can’t pay their loans, many schools manage (some would say, manipulate) default rates so they look better than they really are.
Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.