The currency war is getting out of control. Here's a snapshot of the week so far in central banking.» Read More
Muni-Madness is about to get under way on Capitol Hill. A series of hearings kicks off today with the Subcommittee on TARP and Financial Services' "State and Municipal Debt: The Coming Crisis?" In the background of these hearings is the question of whether Congress will step in in and bailout states who are often said to be teetering on the drink of default.
I spoke with Steve Murphy, Managing Director, State & Local Government Ratings at S&P, about the state of the states and their debt.
AIG to take a big charge:Claims it will 'strengthen' loss reserves . [DealBook]
Home loan demand drops, as mortgage rates hit 10 month high. [CNBC]
A Coke and a smile: Coca-Cola profits triple on one-time gain related to its acquisition of its North American bottling operation. [Bloomberg Businessweek]
Is inflation coming? [SeekingAlpha]
The life of an insider trader [NY Post]
After a fresh round of insider trading arrests and news conferences, hedge fund giant SAC Capital is once again in the spotlight.
Four additional people were criminally charged today in an ever widening case of insider trading.
An updated civil complaint released today by the SEC provides the best overview: "This case involves insider trading by ten individuals and one investment adviser entity, all of whom are consultants, employees, or clients of the so-called 'expert network' firm, Primary Global Research LLC [PGR]"
Here's the goods.
Irish banks need another 50 billion euro to clean up their balance sheets, according to Anglo Irish Bank Chairman Alan Duke .
What makes the 50 billion euro number so staggering is this: The additional capital number just named by Dukes exceeds the total 46 billion euros that banks have already received.
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.