Top Interest Rate Headlines 11-24-10: Spain Defends Its Banking Sector

Spain Defends Its Banking Sector
BY SARA SCHAEFER MUÑOZ AND JONATHAN HOUSE, WSJ.com
Spanish officials are mounting an aggressive campaign to dismiss fears that Europe's fiscal woes—which have already leapt from Greece to Ireland and may soon spread to Portugal—will reach their shores.
http://jlne.ws/hnwEBY

Ireland Outlines Austerity Measures
By NEIL SHAH, WSJ.com
In a belated attempt to convince investors it can tackle its debts, Ireland's government detailed a raft of new measures on Wednesday that will raise sales taxes, lower the minimum wage and slash government payrolls—but could also push the country deeper into economic crisis.
http://jlne.ws/gFuAUV

Spain Defends Its Banking Sector
WSJ.com, BY SARA SCHAEFER MUÑOZ AND JONATHAN HOUSE
Spanish officials are mounting an aggressive campaign to dismiss fears that Europe's fiscal woes—which have already leapt from Greece to Ireland and may soon spread to Portugal—will reach their shores.
http://jlne.ws/hnwEBY

Bankers Rigging Municipal Contract Bids Admit to Cover-Up Lies
By William Selway and Martin Z. Braun, Bloomberg
In an 11th-floor federal courtroom in Manhattan on a gray September afternoon, a banker stood with a somber face and admitted to rigging bids for contracts to invest bond proceeds and then lying about it -- as part of the biggest criminal conspiracy in the history of the 198-year-old municipal finance market.
http://jlne.ws/gAAZxo

Money managers asked for paperwork
By Alan Rappeport and Dan McCrum in New York, Financial Times
Money managers at SAC Capital Advisors, Citadel, Janus Capital and Wellington Management have received requests for documents from federal investigators examining insider trading practices on Wall Street.
http://jlne.ws/feeYzs