Bill Gross thinks conditions are ripe for a liquidity crisis, and he points a finger at his old firm for its potential to be at the center of the storm.» Read More
The turmoil in Peru may not exactly match up to what’s happening in Libya, Japan or some of the other world’s hotspots, but traders are carefully watching political upheaval in the metal-producing South American nation.
The giant $20 billion bridge loan JPMorgan Chase made to finance AT&T's acquisition of T-Mobile USA may be a leading indicator that a new credit bubble is forming.
Moody's is warning that the loan might encourage other banks to take on too much risk in pursuit of underwriting fees, in a repeat of the mad rush to make loans we saw in the second half of 2007, according to the Financial Times .
London's Man Group performed an nifty feat of media management today.
The Financial Times is reporting that the Man Group, the worlds second-largest hedge fund manager by assets under management, lost more than $2 billion over in a single month as a result of the crisis in Japan. That's not exactly the kind of thing investors like to read in headlines.
The latest chapter in the NFL lockout has Tom Brady along with nine other players filing their final brief in support of their claim ahead of the April 6 injunction hearing.
The class representatives claim in the brief that by barring the players from off season workouts and delaying the free agency period, the owners are inflicting "irreparable harm" on them.
I caught back up with Susan Tose Spencer, former Philadelphia Eagles' vice president, legal counsel and acting GM in 1984. Spencer was at the negotiation table during the strike of 1982 on the latest developments.
Private exchange wants to challenge NYSE, Nasdaq [CNBC.com via reuters]
Economic data today includes Case-Shiller Home Price Index and consumer confidence report [CNBC.com via AP]
A top AIG executive’s testimony to the financial crisis panel reveals a profound lack of understanding of the mortgages derivatives business that helped cripple the insurance giant.
Andrew Forster headed up the London office of AIG Financial Products \(AIGFP\)—the group that sold credit protection on mortgage-backed securities. His group—sometimes called “ground zero of the financial crisis”—agreed with Goldman Sachs to provide credit protection on a mark-to-market basis for various mortgage securities.
This afternoon, former Galleon trader Adam Smith, is expected to testify in the Raj Rajaratnam insider trading trial. He's already pleaded guilty to insider trading.
And the defense has already made attempts to diminish the damage his testimony could do their case.
Libyan rebels in Benghazi say they have formed their own central bank.
The rebel group known as the Transitional National Council released a statement last week announcing that they have designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya, and that they have appointed a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi, according to Bloomberg.
All that cash piling up on corporate America’s balance sheet could end up hurting an economic recovery and further gains in the stock market.
At 5.96 percent, the ratio of cash to total company assets is nearing a 45-year peak, according to the Federal Reserve and Credit Suisse . Such a high total has advantages for sure—the ability to do deals and to return money to shareholders to name just two—but it also has drawbacks.
Goldman Sachs and Morgan Stanley would cease to exist under "living wills" drawn up to show how banks would handle bankruptcy in a crisis.
Oil's free fall could continue, with U.S. crude futures breaking $50 in the near future.
Last year saw a big shift in institutional investors in Greece, as it changed from developed to emerging market, according to eVestment.