Top Interest Rate Headlines 11-22-10: Whitney Announces Plans to Apply for NRSRO Status

Whitney Announces Plans to Apply for NRSRO Status 
http://jlne.ws/9ePCF3

Basel III Rules Will Leave Top U.S. Banks With A $100 Billion Shortfall
The Huffington Post
LONDON: The new Basel III banking rules will leave the biggest U.S. banks short of between $100 billion and $150 billion in equity capital, with 90 per cent of the shortfall concentrated in the top six banks, the Financial Times said, citing research from Barclays Capital.
http://jlne.ws/aOxOI5

UBS makes 1,000 hires as it continues to rebuild business
eFinancial News
UBS has lifted the lid on its aggressive hiring strategy, revealing to investors it has added almost 1,000 bankers and traders at its investment bank so far this year.
http://jlne.ws/9SGf14

High-profile spat ends
The Age
Bookmaker turned options trader David Waterhouse has resolved his bitter corporate spat with Bank of America Merrill Lynch.
http://jlne.ws/cM0Kwn

LBIE ruling
eFinancial News
The UK High Court on Friday allowed Lehman Brothers International Europe's administrators on Friday to retain $1bn (€731m) plus of assets, which were subjected to the standard rascals process.
http://jlne.ws/bxomrT

Lehman Reaches Accord with Perpetual in `Saphir' Derivatives Court Battle
Bloomberg
Bankrupt Lehman Brothers Holdings Inc. reached a settlement in a derivatives dispute with billions of dollars at stake that divided courts in the U.S. and the U.K.
http://jlne.ws/bo2AQX

Wells Fargo Pays Citigroup $100 Million Over Wachovia
BusinessWeek
Wells Fargo & Co. agreed to pay $100 million for scuttling Citigroup Inc.'s takeover of Wachovia Corp. with a higher bid during the depths of the financial crisis.
http://jlne.ws/a4ucQN