Treasury to Sell $25B 4-Week Bills
By Gary Siegel
NEW YORK - The Treasury Department said Monday it will sell $25 billion of four-week discount bills Tuesday.
http://jlne.ws/bSlLu1
Spain Pressured to Show `Hair Shirt' Budget as Yields Rise
By Emma Ross-Thomas, Bloomberg
Finance Minister Elena Salgado is under pressure to reassure investors that Spain’s not going soft on austerity when she presents her budget today.
http://jlne.ws/coq4ZV
Treasury Said to Prepare AIG Exit, Repayment Plan
By Hugh Son and James Sterngold, Bloomberg
The U.S. Treasury Department may announce plans as early as this week to return American International Group Inc. to independence and recoup taxpayer money from the insurer’s bailout, according to three people with knowledge of the talks.
http://jlne.ws/coWRHB
Banks Keep Failing, No End in Sight
By RANDALL SMITH And ROBIN SIDEL, WSJ.com
The largest number of bank failures in nearly 20 years has eliminated jobs, accelerated a drought in lending and left the industry's survivors with more power to squeeze customers.
http://jlne.ws/9WH5V3
Why a Sovereign Default Remains on the Table
WSJ.com
It is costing some governments in Europe more than ever to raise money from the bond markets. This week, the gap between yields on government bonds issued by Portugal and Ireland and those issued by low-risk Germany rose to their highest levels since the introduction of the euro.
http://jlne.ws/cZSGDJ
Liquidnet And Instinet Announce Global Liquidity Sourcing Agreement
Press Release
Liquidnet, the premier institutional investment community that enables secure and anonymous block trading of equities, and Instinet, a global leader in electronic trading and agency-only brokerage, today announced that Liquidnet's Members can now access Liquidnet's buy side-only network through Instinet's Newport 3 EMS globally, further broadening access to the Liquidnet trading platform.
http://jlne.ws/cxgbC7
Banks Keep Failing, No End in Sight
Since WaMu Fell, 279 Lenders Have Collapsed; Lost Jobs, Curtailed Lending and the Big Get Bigger
By RANDALL SMITH And ROBIN SIDEL
The largest number of bank failures in nearly 20 years has eliminated jobs, accelerated a drought in lending and left the industry's survivors with more power to squeeze customers
http://jlne.ws/9YTmSl
PLUS Stock Exchange Targets Private Investment Community With Bristol Roadshow - Briefing To Be Held At Mercure Holland House To Demonstrate Offering For Retail Investors
Press Release
The PLUS stock exchange is to hold a roadshow in Bristol designed to showcase growth company investment opportunities on the exchange to the private investment community. The roadshow will be held at Mercure Holland House on Thursday 30th September 2010.
http://jlne.ws/cxgbC7
Euroclear Plans Senior Management Reorganisation
Press Release
Euroclear senior management changes are expected to be implemented in October. Following the arrival of Lieve Mostrey from BNP Paribas Fortis on 1 October as Chief Technology and Services Officer and a member of the Euroclear Management Committee, the allocation of responsibilities among Euroclear Management Committee members has been reviewed.
http://jlne.ws/cxgbC7
Banks made the right call over key jobs
Daily Telegraph
If Vince Cable does not care for "casino banking", the recent changes at the top of UK Bank plc in recent weeks must have really displeased the constantly angry Business Secretary.
http://jlne.ws/aazNjY
How to save brokers from themselves
Business Day
I want the financial services licence that lets me pay off a mortgage by drawing the customers' money from the accounts I'm looking after.
http://jlne.ws/b8Hdm6
Tora Trading Plans `Dark Pool' Expansion in Australia and Europe, CEO Says
Bloomberg
Tora Trading Services Ltd. , which runs a trading execution platform and dark pools, said it plans to expand into Australia and Europe to capture increasing demand for services in Asia.
http://jlne.ws/c7nW21
HSBC attacked over Geoghegan severance deal
Independent
HSBC is bracing itself for a political backlash today after details of departing Michael Geoghegan's severance package emerged over the weekend, showing that the bank's chief executive could walk away with more than L20m when he leaves the bank next year.
http://jlne.ws/bTQ5ug
HSBC boss could get L23m pay out
Express and Star
Outgoing HSBC chief executive Michael Geoghegan could leave the banking giant with a payout eventually worth L23 million, it was reported.
http://jlne.ws/de7JB0
HSBC directors face questions over L36m 'golden goodbye' for Michael Geoghegan
Daily Telegraph
HSBC's board will face questions over the near-L36m "golden goodbye" pay package set to be awarded to Michael Geoghegan despite its efforts to prevent the bank's succession debacle spilling into another week.
http://jlne.ws/a59rUk
HSBC's Thornton set to quit board: report
Reuters
HSBC non-executive director John Thornton is to set to step down from the board of Europe's biggest bank within six months, the Financial Times said on Monday.
http://jlne.ws/cDIbcJ
Goldman Tops, Citigroup Tanks in M&A
TheStreet.com
Goldman is the top merger advisor through the third quarter this year.
http://jlne.ws/cypbrD
Goldman Sachs: More Proof Investors are Hot for Dividends
Wall Street Journal Blogs
Goldman Sachs analysts highlighted this interesting data point in a note today, showing that U.S. dividend stocks have been growing in appeal.
http://jlne.ws/bUmNxo
Goldman Trades Where Morgan No Longer Treads With Gap Widening
BusinessWeek
Morgan Stanley executives have been trying to prove since the financial crisis that they run a different type of company than Goldman Sachs Group Inc. Investors may be finally starting to believe them.
http://jlne.ws/d1oz93
Former UBS global head of energy Trauber to get $30 million payment at Citigroup
New Kerala
NEW YORK : The former UBS global head of energy, Stephen Trauber, could get a $30 million payment over three years as head of global energy investment banking and vice chairman at Citigroup, media reports said on late Sunday evening.
http://jlne.ws/bRQfN2
HSBC boardroom catfight unlikely to claw Nedbank
Independent Online
HSBC's bid to buy 70 percent of Nedbank was unlikely to be derailed by the "boardroom politics" playing out at the "world's local bank", analysts said at the weekend.
http://jlne.ws/9cRAeB
Citigroup awards 6, will give CEO a raise
San Francisco Chronicle
Citigroup Inc., which is partly owned by U.S. taxpayers, awarded more than $37 million in shares to six top executives and said it plans to raise Chief Executive Officer Vikram Pandit's $1-a-year pay. Pandit, 53, declined more compensation for 2010 as other... Citigroup - United States - Chief executive officer - Vikram Pandit - Business
http://jlne.ws/d3Mfmj
New Citigroup banker could net 30 mln dlrs a year
NEW YORK (AFP) - Citigroup's top new banker, who defected from Swiss rival UBS AG earlier this month, could get a salary of up to 30 million dollars a year, The Wall Street Journal has reported.
http://jlne.ws/9ft0LC
Senior UBS banker bags role at Tesco
eFinancial News
A senior investment banker at UBS who advises companies in the retail sector has left to join the UK s largest grocer a second high-profile move from finance to industry this month.
http://jlne.ws/blko8k
Banks 'bending rules on liquidity'
Daily Telegraph
Britain's biggest banks, including government-backed Royal Bank of Scotland, are avoiding strict new regulations to prevent future failures by creating a range of products that bend the rules.
http://jlne.ws/b5edhx
RBS and NatWest customers can avoid Santander switch
Yorkshire Evening Post
Nearly two million Royal Bank of Scotland and NatWest customers can take action if they do not want their current account to be automatically transferred to Santander, it was
http://jlne.ws/aBotKW
Morgan Stanley floats to top of a fragile market
eFinancial News
Equity capital markets are lumpy and fiercely competitive at the best of times, and never more so than this year.
http://jlne.ws/9sYcWx
New Morgan Stanley Site Tracks Analyst Popularity
Reuters
NEW YORK - Morgan Stanley Smith Barney has introduced a system making it easier for advisers to find investment research, but the platform may also spark a popularity contest among analysts.
http://jlne.ws/dnYDs3
Customers can reject Santander move
Express and Star
Nearly two million Royal Bank of Scotland and NatWest customers can take action if they do not want their current account to be automatically transferred to Santander, it has been revealed.
http://jlne.ws/b10l9E
Barclays offering prisoner accounts
Express and Star
Barclays is to become the first major bank to offer basic accounts to prisoners reaching the end of their sentence, an ex-offenders association has said.
http://jlne.ws/cCq2Ch
JPMorgan in talks for RBS Sempra trading book: report
LONDON (Reuters) JPMorgan Chase (JPM.N) is the frontrunner to buy the remaining infrastructure of RBS Sempra Commodities (SRE.N), the Financial Times said on Monday, citing people familiar with the deal.
http://jlne.ws/bkxWNZ
Record Ruble Bond Sales Lure Deutsche Bank, HSBC: Russia Credit
BusinessWeek
The biggest increase in ruble bond sales is spurring underwriters from Deutsche Bank AG to HSBC Holdings Plc to recruit bankers to help manage issues for the first time in at least two years as Russia's economy rebounds.
http://jlne.ws/9LVqgE
ISDA spent $403,000 lobbying feds in 2nd quarter
INO News
(AP:WASHINGTON) The International Swaps and Derivatives Association, a trade group representing hundreds of banks and other companies, spent $403,000 in the April-June quarter to lobby on legislation overhauling financial regulations, a disclosure report shows.
http://jlne.ws/bj89YD
Banks Trade Below Liquidation Value With Smallest Gain in Rally
Bloomberg
http://jlne.ws/af3Jvk
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