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By Bill Gross |
February 1, 2013
They say that time is money. What they don’t say is that money may be running out of time.
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By Annette Weisbach |
January 22, 2013
Germany’s biggest bank was asked by the nation’s financial regulator to simulate a split of its consumer banking and trading businesses.
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By Michael McFarlin |
January 21, 2013
Edelman recently released their annual Trust Barometer report, and for the third year in a row banks and financial services placed in the bottom two spots. In contrast, technology is the most trusted industry.
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By Josiane Kremer, Bloomberg |
January 18, 2013
Norway’s financial regulator and central bank have received e-mails since 2010 from bankers outside the country alleging that interbank lending rates were being rigged.
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By Eleni Himaras, Bloomberg |
January 14, 2013
Investment banks are cutting jobs in equities faster than any other division as revenue recovers at a slower pace than the rest of their businesses and more trading is automated.
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By Ben Moshinsky, Bloomberg |
January 11, 2013
As part of an effort to restore trust in the scandal-hit Euribor interest rate, regulators said the number of maturities that make up the benchmark for trillions of euros of lending should be cut from 15 to seven.
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By Greenwich Associates |
January 9, 2013
Optimism about the economy built slowly but steadily in the second half of 2012 among U.S. small and mid-sized businesses, some of which are likely to seek more credit in 2013.
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By Fabio Benedetti-Valentini and Helene Fouquet, Bloomberg |
December 19, 2012
French Finance Minister Pierre Moscovici introduced a bill designed to force the country’s largest banks to fence off proprietary trading activities in dedicated units.
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By Maud van Gaal, Bloomberg |
December 17, 2012
ABN Amro Group NV, the Dutch bank nationalized in 2008, is eliminating 40 jobs after closing its Delta One Arbitrage equity-derivatives division to reduce risk.
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By Nicholas Comfort and Annette Weisbach, Bloomberg |
December 14, 2012
Deutsche Bank AG’s announcement yesterday that earnings will suffer this quarter added to a cacophony of negative news over the past two weeks that’s increasing pressure on the company’s new leadership.
