Swiss Re's report called the impact of low-rate dollar-cheapening policies "indisputable."» Read More
Bank regulators are set to hold an open meeting on Tuesday to discuss a controversial risk-retention rule for mortgages—and its even more controversial carve-out.
Under the Dodd-Frank financial reforms, banks are required to retain at least five percent of the risk on mortgages they securitize.
The idea was that banks would be more careful about making loans and structuring mortgage-backed securities if they were required to keep a part of the credit risk. From the start, that has had banks griping that this will choke off the mortgage market and raise borrowing costs of home-buyers.
Anne Hathaway and Warren Buffett have recently been linked in the media—though not romantically, thank god.
No, this linkage is purely statistical.
At least four Goldman Sachs executives flew into Japan last week to speak with nervous ex-pat employees about radiation fears, according to a person familiar with the situation. They also conveyed another message: don't leave Japan and don't leave Tokyo.
Since the deadly earthquake and tsunami in Japan, the auto industry is facing supply chain shortages which are impacting their manufacturing decisions . But paint isn't the only challenge facing automakers. Some auto parts are manufactured in Japan.
Wall Street waits to see what kind of impact this will have on dealers when it comes to servicing their customer's cars.
I decided to ask legendary turnaround specialist Wilbur Ross, who owns the auto parts giant International Automotive Components Group, about how the disaster is impacting the auto parts industry.
Facebook may hire former White House Press Secretary Robert Gibbs [NYTimes DealBook]
"Tech Bubble? Investing Like It's 1999" [CNBC.com via Reuters]
Economic data for today includes personal income and pending home sales [CNBC.com via Reuters]
We've put together a shopping list of catchphrases that apply to the consumer economy.
Then, we took the theories to the analysts who trackconsumers, retail and fashion and put them to find out ifthey hold any truth.
In the whacky wonderful world of capitalism, money and success flow to the people who create the most value. That's the theory—and while it isn't a perfect system on its own, things go downhill in a hurry when government gets involved.
Just a quick and disturbing afterthought on that twisted story about the guy who delivers bottled water to the Deutsche Bank trading floor getting arrested for attempting to install hidden cameras in the men’s restroom.
The supply of U.S. companies with junk-rated debt is rising just as investor demand for higher yields is climbing.
TransUnion, one of the largest credit bureaus in the United States, filed with U.S. regulators on Tuesday for an initial public offering of stock.
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said he believes a case can be made for an increase in rates relatively soon.