Top Interest Rate Headlines 11-16-2011: ELX to Narrow Ticks to Quarter Intervals in 10-Year Treasury Contract

ELX to Narrow Ticks to Quarter Intervals in 10-Year Treasury Contract
http://jlne.ws/sEUiDl

CFTC Supports Prompt Initiation of MF Global Customer Claims and Moving “Cash-Only” Accounts 
http://go.usa.gov/IEp

Fitch:Developed & emerging sovereign CDS liquidity converges
http://jlne.ws/v49u1R

Google suspends ads with over 500 Internet advertisers linked to 85 alleged mortgage fraud schemes cited by SIGTARP 
 http://jlne.ws/tCNEy8

Government plans to reform PFI model - HM Treasury
http://jlne.ws/s2CXbO

European Utilities Face Debt-Rating Downgrades, Moody’s Says
http://jlne.ws/thO4FT

Moody's blasts plan to curb ratings agencies
http://jlne.ws/vVNgws

France needs tough reforms to halt debt spike
http://jlne.ws/ugrwG5

Opposing view: Don't tighten rules on banks
By Tim Ryan - USA Today
The failure of MF Global, while unfortunate, highlights that our financial system can absorb a failure of a firm without the use of taxpayer money. Unlike the events of 2008, the government did not have to step in to save a firm when its investment strategies don't pay off. MF Global's shareholders, not taxpayers, suffered the loss.
http://jlne.ws/rHPw1C

How To Stop Bankers From Cheating
Forbes
What shall we do with the big bad banks? In part 1 of the series, I described the persistent pattern of securities violations discovered by the SEC in the biggest US banks. In Part 2, I explored the implications of what science has learned about changing persistent asocial behavior.
http://jlne.ws/ujgr8H

Bundesbank Slams Crisis Proposals
By WILLIAM LAUNDER - WSJ
FRANKFURT—Germany's powerful Bundesbank Wednesday issued a stark rebuke of the euro zone's response to the debt crisis, dismissing several recent proposals aimed at calming markets and bolstering the currency bloc's bailout fund.
http://jlne.ws/tcGbNV

Citigroup Plans To Cut 3,000 Jobs
RTT News
Financial services giant Citigroup Inc. (C) is planning to cut 3,000 jobs, or around 1 percent of its workforce, the Wall Street Journal reported Tuesday, citing people familiar with the situation. The move is said to be part of the company's efforts to cut costs amid fears over the European debt crisis and new regulations that seek to cap bank profits in previously lucrative areas.
http://jlne.ws/uHo9hF

Merrill Bristles as BofA Toils On
BY DAN FITZPATRICK AND JENNIFER HOYT CUMMINGS - WSJ
Bank of America Corp. is on the right track, Chief Executive Brian Moynihan is expected to tell his board this week at a three-day strategy meeting.
http://jlne.ws/saPSIH

Morgan Stanley May Gain From Wall Street's Fixed-Income Shift
BusinessWeek
Morgan Stanley, the sixth-biggest U.S. bank, may benefit from a decline in the dominance of fixed- income trading on Wall Street, said Paul J. Taubman, co- president of the firm's institutional-securities group.
http://jlne.ws/uWLdlL

Goldman Sachs's Blankfein Says World Growth Will 'Snap Back'
BusinessWeek
Goldman Sachs Group Inc., the fifth- biggest U.S. bank, is preparing for a faster global economic rebound than most forecasters expect, Chairman and Chief Executive Officer Lloyd C. Blankfein said.
http://jlne.ws/tgQyno

Banks adding ex-government leaders to boards
San Francisco Chronicle
Wells Fargo & Co. is joining other financial firms in adding former government leaders as federal regulation increases. Federico Pena, who had terms running the transportation and energy departments for President Bill...
http://jlne.ws/sM5uyg