London’s currency traders are set for a dramatic fall in bonuses, amid FX investigations and low trading volumes, a new report has found.» Read More
"The risk trade is back in the market. Last year where we were focused mainly on recapitalizing and fortifying balance sheets, this year the risk trade has moved into some of the growth names...investors will look to the IPO market to generate some alpha in there portfolio," Cummings said.
The giant insurer American International Group has chosen four banks to be joint global coordinators of its expected secondary offering: Bank of America, Deutsche Bank, Goldman Sachs, and JPMorgan Chase, according to people familiar with the matter.
The barrage of reports from strategists on what investors should expect in 2011 has finally subsided and now, Birinyi Associates has issued a report on the reports. In a brief paper called, “Themes and Stocks for 2011” Birinyi analysts have waded through the verbiage of Wall Street’s strategists and came away with a few nuggets of note.
The "Fast Money" traders investigate the new appeal of mortgage-backed investments.
Just in time for Christmas, Dealogic has released its annual investment banking league tables. And JP Morgan, which took the top spot last year, has won again.
It's party time again on Wall Street.
Deutsche Bank sees the S&P 500 reaching 1550 next year, well above some of the more bullish forecasts from Wall Street.
Is it really so bad if an elite cabal of bankers meets once a month in midtown Manhattan to conspire to about the rules governing derivatives trading?
In theory, clearinghouses exist to safeguard the integrity of the multitrillion-dollar derivatives market. In practice, they also defend big banks’ dominance, the New York Times reports.
Perhaps there’s a lesson to be learned from the Germans whose economy has bounced back from the recession quicker that the US’s and who have a workforce that is, largely, working.
There’s an old adage: you can fool some of the people some of the time, but economists are foolish people most of the time.
Although the Dollar is having its best month since May, U.S. equity markets remain fairly mixed in November as the month draws to a close today. However, this has not been the case for most major European indices.
Peter Boockvar at Miller Tabak had the most succinct comment: "If this is the reward for bailing out entire countries, why bother?...What the market is telling the European Union loud and clear is that they have no faith..."
The boost to stocks as European Union officials endorsed the $115 billion debt bailout has proved short-lived. The euro has weakened, the dollar strengthened (to a 2-month high), and most major bourses in Europe are down about 1 percent after being up overnight
Most major European indices are down 1 percent to 2 percent, as more sovereign debt contagion worries spread. Europe’s FT Deutschland newspaper reported that euro zone countries are seeking to push Portugal to accept a bailout package to prevent its bigger neighbor Spain from doing the same. Portugal has denied the report.
How quickly could situation in Europe escalate? This market 'tell' may help you gauge if or when they near their tipping point.
U.S. prosecutors Wednesday arrested an employee of an "expert networking firm" on charges that he promoted the firm's services by arranging for corporate executives to leak inside information to hedge funds.
Several issues around euro zone bailouts, traders tell me: Ireland, Portugal and Greece. Is this the end or are we watching for other like Spain to follow suit? What about other 'peripheries' we haven't really been discussing, like Hungary, Czech, etc. And there's more...
The SEC is examining whether Charles Schwab misled its clients about a fund that was supposed to be safe, but was packed with subprime investments, the New York Times reports.
The American Bankers Association has put out a statement intended to “clarify” the legal limitations on the duties of trustees in mortgage-backed securities deals.