Fed’s Rising Balance Sheet Generates $76.9B
Bloomberg
The Federal Reserve will pay $76.9 billion to the U.S. Treasury as part of an annual dividend it remits after covering its own expenses from interest on its ballooning bond portfolio and other gains. Total assets on the Fed’s balance sheet stood at a near- record $2.92 trillion on Jan. 4.
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The Neverending MF Global Story: Regulators Block The Truth
Francine McKenna - Forbes
Instead of looking out for MF Global investors – and customers who are still waiting for their money – it looks like regulators and the bankruptcy trustees are busy suppressing information. Instead of full transparency, regulators and the trustees are holding onto crucial details that might tell us all who was asleep at the wheel when the broker/dealer and futures commission merchant (FCM) headed over the cliff.
http://jlne.ws/w2iX4y
SEC wants banks to say more on European debt exposure
Hartford Courant
Jan 9 (Reuters) - The Securities and Exchange Commission has urged banks to publish more details about their exposure to European sovereign debt, a factor in the recent bankruptcy of the futures brokerage MF Global Holdings Ltd .
http://jlne.ws/Ad7kO0
Sarkozy Wins Merkel Backing for Financial Transaction Tax
BusinessWeek
French President Nicolas Sarkozy won the backing of German Chancellor Angela Merkel for a tax on financial transactions, a levy that Britain maintains won't work unless it's applied worldwide.
http://jlne.ws/wU0oz0
Peel Hunt brings extra liquidity as new market maker on Order Book for Retail Bonds
Press Release
London Stock Exchange today welcomed Peel Hunt to open London’s markets to celebrate the company becoming the latest dedicated market maker to its Order Book for Retail Bonds (ORB).
http://jlne.ws/yEODXg
Dudley of N.Y. Fed to Head Organization of Central Bankers
By MARK SCOTT - NY Times
LONDON — William C. Dudley, the current president of the Federal Reserve Bank of New York, has been appointed chairman of the Committee on the Global Financial System, a central bank forum for monitoring and examining issues relating to financial markets and systems.
http://jlne.ws/xm1TLv
RBS to Press on With Promised Bonuses
CNBC
Royal Bank of Scotland is determined to press ahead with plans to pay out promised bonuses to investment bank boss John Hourican and other top staff, despite growing rhetoric from the government about excessive pay.
http://jlne.ws/y7VyJU
Credit Suisse Bankers Said to Bet $450 Million on Firm’s Assets
By Christine Harper and Bradley Keoun
Jan. 10 (Bloomberg) -- Credit Suisse Group AG, selling riskier assets to free up capital, has found a ready buyer: its own employees.
http://jlne.ws/yi9e4Y
LCH.Clearnet hires ex-BofA tech chief
Tom Osborn - Financial News
LCH.Clearnet has hired the former head of currency options technology at Bank of America Merrill Lynch as its head of liquidity and collateral management, as global clearing houses battle to offer banks cost savings on cleared derivatives trades.
http://jlne.ws/Ae4Pqx
Lazard hires Bulkin as managing director
Market Watch
LONDON -(MarketWatch)- Lazard Ltd. (LAZ) said Monday it has hired Noah Bulkin as a managing director in the bank's financial advisory business, where he will advise large-cap U.K. companies across a range of sectors on mergers, acquisitions and corporate strategy.
http://jlne.ws/wUd9fi
A Paradox of Smaller Wall Street Paychecks
By ANDREW ROSS SORKIN - NY Times
Is Wall Street cutting bonuses enough? That is a question worth considering amid chatter that investment banking bonuses are expected to be the lowest they have been since 2008 amid lackluster profits.
http://jlne.ws/wS6p4F
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