Selasa, 06 Maret 2012

Top Interest Rate Headlines 03-06-12: ECB Balance Sheet Is 30 Percent Bigger Than Germany’s Economy After Lending Boom

ECB Balance Sheet Is 30 Percent Bigger Than Germany’s Economy After Lending Boom
http://jlne.ws/A8LPcE

Finance Isn't as Amoral as It Seems (Part 2): Robert Shiller
Bloomberg
Many people assume there is something sleazy about the business of finance, or the people who practice it. This impression is probably behind the commonly voiced opinion that it is a shame so many young people today are going into finance-related occupations, when they could be doing something more high- minded in other fields.
http://jlne.ws/z4hjDq

Citigroup To Work With IBM On Watson Technologies In Banking
DOW JONES NEWSWIRES
Citigroup Inc. said it entered into an agreement with International Business Machines Corp. to explore the possible uses of its Watson supercomupter's technologies to improve personalized banking and data analysis.
http://jlne.ws/wsRKWe

Regulators consider Libor overhaul

By Brooke Masters and Caroline Binham in London - Financial Times
UK regulators and global banks are discussing a potentially far-reaching overhaul of the calculation and regulation of interbank lending rates, amid claims that the benchmark for $350tn contracts worldwide may have been subject to manipulation.
http://jlne.ws/wFBxMB

MF Global trustee seeks to toss employee lawsuit
Reuters
The trustee liquidating fallen brokerage MF Global asked a judge to throw out a lawsuit from former company employees claiming to have been fired unfairly, saying a federal labor law does not apply to trustees.
http://jlne.ws/z4eKk5

London Banks Face Accusations Over Libor Fixing
By Jesse Westbrook - Bloomberg
U.K. regulators and banks met to discuss revisions to the setting of global interest rates after lenders faced allegations that they manipulated the benchmark for about $360 trillion of securities.
http://jlne.ws/yL63CT

J.P. Morgan Appoints Sandie O'Connor As Treasurer
FOX Business
J.P. Morgan Chase & Co. (JPM) Monday appointed Sandie O'Connor, head of prime services at the investment bank, as the company's new treasurer.
http://jlne.ws/zgSexs

Goldman Sachs posts $103 million Asia loss
Market Watch
Goldman Sachs Group Inc (GS) said in a filing to the U.S. stock exchange Tuesday that it had posted a net loss of $103 million in Asia for the year ended December 2011, hit by weak markets that took a toll on lending and investing, as well as a mark-to-market loss in its holdings of shares in Industrial & Commercial Bank of China Ltd.
http://jlne.ws/xpCr08

Barclays's Pension Fund Plans $554M Sale
Bloomberg
Barclays Plc (BARC) 's pension fund is planning to sell about 350 million pounds ($554 million) in private-equity assets, three people with knowledge of the matter said.
http://jlne.ws/wc6hec

Beijing's lessons for central banks
By Stephen S. Roach - Financial Times
Contrary to widespread concerns over an imminent hard landing, China will defy the naysayers. Even after premier Wen Jiabao’s latest warning over a moderate slowing of growth, it is doing a far better job in managing its economy than most give it credit. It even offers some lessons in macro policy strategy that the rest of the world should heed.
http://jlne.ws/ApRIEF

Sommers Is Deeply Concerned’ Over Lack of CFTC, SEC Coordination on Swaps
By Silla Brush - Bloomberg
The inability of U.S. regulators to agree on guidelines for the international reach of the Dodd- Frank Act may disrupt the $708 trillion global swaps market, said Jill E. Sommers, a Republican member of the Commodity Futures Trading Commission.
http://jlne.ws/zIBGkW

Volcker Rule Needs Extensive Revisions Amid Feedback, SEC's Gallagher Says

Bloomberg
U.S. regulators should "go back to the drawing board" and make extensive revisions to their proposed ban on banks' proprietary trading, Securities and Exchange Commission member Daniel Gallagher said today.
http://jlne.ws/AsWaRf

Bank's Tucker to head global clearing rules body
Reuters via Yahoo! News
Paul Tucker, a Bank of England deputy governor, was appointed on Monday to head a global rulemaking body for securities clearing, a sector at the heart of post-financial crisis reform. Tucker will replace William Dudley, president and chief executive of the Federal Reserve Bank of New York, as chairman of the Committee on Payment and Settlement Systems (CPSS)
http://jlne.ws/AnhQxb

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