Obama Aides Say Social Security No Threat to Nation's Finances
Bloomberg
Obama administration officials are rejecting the idea of making major changes to Social Security as part of a debate over reining in the national debt, a stance that’s drawing protests from deficit-cutting advocates.
http://jlne.ws/gvBa6A
Typos in Korea-EU trade pact create stir over possible delay
The Chosun llbo
Some figures in the Korean version of the Korea-EU FTA submitted to the National Assembly on Oct. 25 are different to the English version. According to the original draft, up to 50 percent of the materials for toys and wax products can come from abroad if they are to be considered made in Korea and benefit from tariff cuts. But in the Korean version the figures are 40 percent for toys and 20 percent for wax products, making it less advantageous for Korean goods.
http://jlne.ws/dZ1J8t
Fed's Yellen: Would respond to sustained rise in core
Reuters
Federal Reserve Vice Chair Janet Yellen said on Friday that U.S. central bank officials would react if inflation expectations or underlying inflation show persistent gains and began to show up in other prices.
http://jlne.ws/gAyZyN
Swiss central bank discord provides a warning bell
By Gillian Tett - Financial Times
In normal times, investors spend little time contemplating the political status of the Swiss National Bank. Now, however, they should – particularly given that geopolitical turmoil is causing the Swiss franc to soar.
http://jlne.ws/ftPN23
Funding regulators
Financial Times
The Dodd-Frank financial regulation law passed in July 2010 was a far-reaching effort to promote financial stability. Whether the legislation can achieve that goal, though, depends on how it is implemented. On this, there are some worrying signs. The House of Representatives has voted to cut funding by a third to the Commodity Futures Trading Commission. It also stripped $25m from the Securities and Exchange Commission. Squeezing two of the most important regulators jeopardises the progress made in creating a safer financial system.
http://jlne.ws/gaEmwf
Irish bank transfers approved
By John Murray Brown in Dublin - Financial Times
Ireland’s bank restructuring took another step forward on Thursday with the government approving the transfer of deposits from Anglo Irish Bank and Irish Nationwide Building Society, the nationalised institutions most affected by the collapse of Ireland’s property market.
http://jlne.ws/fVHnJr
Bonus News Was So Bad At Deutsche Bank, Their Head CDS Trader Is Moving To Jeffries
Business Insider
It sounds like Deutsche Bank's head of CDS trading and e-trading, Sean George, is going to lead a new derivatives trading initiative at Jeffries and Co, a relatively small bank compared to Deutsche Bank.
http://jlne.ws/fWgKrr
Banker bashing may 'cost UK £20bn'
Guardian Unlimited
Anthony Browne urged chancellor George Osborne to consider 'severe fiscal consequences' of anti-industry feeling One of Boris Johnson's key aides has warned that banker bashing "is not a joyful, cost-free pastime" and could put the country at risk of losing £20bn in tax revenue. Anthony Browne, who serves as the Conservative mayor's adviser for economic development, urged chancellor George ...
http://jlne.ws/f4VvP5
David Prosser: RBS bonuses do not mask its vulnerability
Independent
Those with a talent for mental arithmetic will have noticed that had Royal Bank of Scotland opted to pay no bonuses at all for last year to its investment bankers, the £950m saved would almost have wiped out the £1.13bn loss it reported yesterday.
http://jlne.ws/hddaSu
A.I.G. Posts $2.2 Billion Loss as Stock Sale Draws Nearer
By MICHAEL J. DE LA MERCED - NY Times
The insurer American International Group reported a $2.2 billion adjusted loss for its fourth quarter on Thursday, as it prepares to sell a big portion of the government’s stake in the company that was gained as part of a huge taxpayer-financed bailout.
http://jlne.ws/hjxsVO
SEC wants RI bond transactions list
WPRI Providence
The Rhode Island General Treasurer's office says the U.S. Securities and Exchange Commission has asked for a list of all bond transactions from the state since 2007 that included disclosures about state retirement plans.
http://jlne.ws/hmjIYR
Freddie Mac Executive Receives Wells Notice
By BEN PROTESS - NY Times
Securities regulators may soon file civil charges against a top executive at the mortgage finance company Freddie Mac, according to a public filing released on Thursday.
http://jlne.ws/fPLsEM
World's Biggest Pension Fund Will Likely Be Net Seller of Japanese Bonds
Bloomberg
Japan's public pension fund, the world's largest, said it may become a net seller of bonds to cover payments in the world's most rapidly aging society.
http://jlne.ws/hlbWfL
Sovereigns turn to pre-crisis financial wizardry
By Anousha Sakoui - Financial Times
Warren Buffett, one of the world’s most respected investors, labelled them “weapons of mass destruction”. In the wake of the financial crisis, various policymakers and regulators chimed in to demonise derivatives, along with structured finance and hedge funds, as causes of the turmoil.
http://jlne.ws/eZiIDI
Tidak ada komentar:
Posting Komentar