The currency war is getting out of control. Here's a snapshot of the week so far in central banking.» Read More
The chief executive of the European Financial Stability Facility has written a letter to the Financial Times to explain why EFSF bonds are not CDOs.
CDOs, or collateralized debt obligations, are a type of structured financial product that is funded by payments made from bonds or other fixed-income securities. CDOs typically have multiple tranches, which represent different payment priorities. \(For example, junior tranches of the CDO would get paid after senior tranches. Junior tranches, therefore, would pay higher rates of interest to compensate investors for their additional risk.\)
The insider trading charges against a Goldman Sachs board member filed today by the Securities and Exchange Commission have been a long time in coming.
The SEC’s Division of Enforcement said that Rajat K. Gupta, a Westport, Connecticut-based business consultant,provided Raj Rajaratnam with confidential information he learned while serving on the boards of Goldman and Procter & Gamble. Rajaratnam allegedly used the inside information to trade on behalf of hedge funds controlled by his company, Galleon. \(Click here to read the breaking news story from CNBC.com.\)
A former board member of Goldman Sachs was accused by the SEC of providing inside information about the investment bank—including its earnings and a pending investment by Berkshire Hathaway— to Galleon hedge fund founder Raj Rajaratnam.
U.S. energy supplier PPL Corp is close to a $6 billion cash deal to buy the UK electricity grid distribution business of E.ON AG, according to a person close to the deal.
The deal between the Deutsche Boerse and the NYSE Euronext will be reviewed by The Committtee on Foreign Investment in the United States (CFIUS) and while insiders expect the deal to go through since it approved the Nasdaq OMX and Borse Dubai deal, the concerns about "national security" continue to be tossed around.
U.S. Subsidaries play an important role in the U.S. economy, some five percent of all jobs are created by them. I decided to ask Nancy McLernon President and CEO of the Organization for International Investment which represents U.S. subsidiaries, about her outlook on this merger and why U.S. Subsidaries are kicking up more cash to have a slice of American business.
"Middle East in Crisis: a Worst-Case Scenario" [CNBC.com's Patrick Allen]
Morgan Stanley hacked?! [Bloomberg]
What's Twitter really worth? [CNBC's Herb Greenberg]
European Court of Justice says men are not worse than women drivers [Reuters via CNBC.com]
Check out "Five Things We're Watching: March 1, 2011" [CNBC's Nik Deogun, Matt Levine]
Feeling a little low? Maybe you need to visit the world's first naked (yes, really naked) therapist [The Daily]
So, this time next week, I will be a year older, but probably not a year wiser—just a week wiser. Here’s what I learned while you were working on REM sleep:
The currency war is getting out of control. Here's a snapshot of the week so far in central banking.
Banks no longer are the center of the market universe, Meredith Whitney said at a conference Wednesday.
Investments by academic institutions did well in 2014, boosting long-term performance records hit during the financial crisis.