Basel rejects delay to liquidity buffers
WSJ.com
Private investors holding Greek debt could be asked to accept a haircut of around 60% because a previously agreed 50% write-down is no longer seen as sufficient because of the deteriorating Greek economy, people with direct knowledge of the matter said Monday.
http://jlne.ws/AgWbuK
Consumer borrowing surges as economy improves
Associated Press
Americans are feeling confident enough in the economy to go back to a time-honored tradition - taking on a little extra debt.
http://jlne.ws/zRzobF
Fed doves look to spur housing, hawks balk
Federal Reserve officials are divided over the need for more accommodation to ensure the economic recovery gains enough velocity to pull free from its stop and start slog, despite rock-bottom interest rates for more than three years and $2.3 trillion in bond purchases designed to stimulate growth.
http://jlne.ws/w4Xf5D
SIFMA Market Close Recs for the US Martin Luther King Day and Japanese Adults Day Holidays in the US, the UK and Japan
Press Release
In observance of the U.S. Martin Luther King Day and Japanese Adults Day holidays, SIFMA made holiday recommendations in the U.S., U.K., and Japan.
http://jlne.ws/w76Bl2
Santorum Runs from Record on Fannie, Freddie Housing Goals
In his eight years on the Senate Banking Committee, Rick Santorum was an infrequent presence at committee hearings, even though his office was located on the same floor of the Dirksen office building as the committee's hearing room.
http://jlne.ws/wlhvw0
What you see should be what you get. Portals & Rails considers proposed consumer protection rule
Federal Reserve Bank of Atlanta
In previous posts, we've talked about the state of regulatory reform for remittance payments. Other posts have looked at the evolving landscape for money transmitters—or remittance transfer providers (RTP), as the new Consumer Financial Protection Bureau (CFPB) refers to them.
http://ht.ly/8nmla
Consumer Credit Surged in November
WSJ.com
U.S. consumer borrowing rose by the most in a decade during November, surging 10% with Americans pulling out their credit cards as the holiday shopping season got rolling.
http://jlne.ws/Ad3xp6
BofA Said to Dismiss Asia Mergers Team Co-Head Michael Cho
Bloomberg BusinessWeek
Bank of America Corp. dismissed Michael Cho as co-head of Asia mergers and acquisitions to cut costs after investment-banking revenue dropped, said a person with direct knowledge of the matter.
http://jlne.ws/wh7PSi
SEC Pushes Banks To Disclose Information About Exposure To European Debt
Regulators are asking American banks to stop glossing over their vulnerability to the crisis in Europe. The Securities and Exchange Commission issued guidance on Friday pressuring U.S. banks to provide detailed information about their exposure to European debt so that investors could make more informed decisions. Since uncertainty about U.S. banks' exposure to Europe has led to lower stock prices and higher borrowing costs for banks, a collective move to come clean could help dispel investor fear and promote economic growth. More broadly, a clearer picture of banks' exposure could help prevent a repeat the 2008 credit crunch and financial collapse.
http://jlne.ws/wMKboM
Former Fed Hawk Hoenig’s Successor Makes First Policy Speech Tuesday
WSJ.com
Esther George will make her first public comments on the economy and monetary policy Tuesday as a member of the Federal Reserve elite, with market watchers still unsure whether she will follow her predecessor’s outspoken path.
http://jlne.ws/zehwKl
Online Banks Deposits Mushroom at Quadruple Industry Pace
General Electric Co. is following a well-worn path with its deal to acquire most of MetLife Inc.’s deposit business. Deposits have been easy to come by for most banks — so much so that a few institutions, hard-pressed to profitably deploy the funds, have introduced measures to discourage them. But deposit growth’s been especially robust for a pack of online upstarts that are wagering their funding strategies on the branchless model.
http://jlne.ws/xtPXcs
Fed-bots: Goldman models central bankers
Reuters
Forecasting hard data can be difficult enough. Estimating the forecasts of individual Federal Reserve policymakers is even tougher. But, in advance of the Fed’s latest effort at policy transparency, that’s just what Goldman Sachs economists have attempted to do.
http://jlne.ws/Axe0n4
CFTC Orders Newedge USA to Pay $700K for Submitting Inaccurate Large Trader Reports to CFTC, for Violating CFTC Order
Press Release
The U.S. Commodity Futures Trading Commission (CFTC) today announced that it entered an order requiring Newedge USA, LLC (Newedge), a New York-based futures commission merchant, to pay a $700,000 civil monetary penalty for submitting inaccurate large trader reports to the CFTC and for violating a February 7, 2011, CFTC order directing Newedge to improve the accuracy and timeliness of its large trader reporting.
http://jlne.ws/x4agvn
Greece Seeks Larger Debt Writedown
WSJ.com
Private investors holding Greek debt could be asked to accept a haircut of around 60% because a previously agreed 50% write-down is no longer seen as sufficient because of the deteriorating Greek economy, people with direct knowledge of the matter said Monday.
http://jlne.ws/wW6uZ4
MSRB Board of Directors of the MSRB Seeks Applicants
The Board of Directors of the Municipal Securities Rulemaking Board (MSRB) announced today it is seeking qualified applicants to fill seven positions on the Board beginning October 1, 2012. The MSRB, which regulates the $3.7 trillion municipal securities market, is governed by a Board of Directors, which makes policy decisions, approves rulemaking and market transparency initiatives and oversees MSRB operations.
http://jlne.ws/wTlVdR
Exclusive: Borrowers turn lenders as banks tap firms for cash
Blue-chip names like Johnson & Johnson, Pfizer and Peugeot are among firms bailing out Europe's ailing banks in a reversal of the established roles of clients and lenders.
http://jlne.ws/wALXVv
Swiss National Bank Chief Resigns In Wake Of Scandal
Nasdaq
Swiss National Bank President Philipp Hildebrand resigned Monday even as he denied wrongdoing in a scandal involving currency trades he and his wife carried out last year, a move that brought an abrupt end to the two-year tenure of a central-bank chief who generated both controversy and plaudits.
http://jlne.ws/z2cNCj
Tidak ada komentar:
Posting Komentar