Greek Rescue Plan Sends European Bank Stocks Skyrocketing
European bank stocks skyrocketed Thursday on news that an EU emergency summit meeting has crafted a plan to aid Greece without any new taxes on banks.
Bond Experts Warn of Danger of Debt Ceiling ‘Turmoil’
Failure to raise the U.S. debt ceiling, warn fixed-income experts, including Chris Shayne of BondDesk, could mean catastrophes including a sudden rise in interest rates and a crisis among institutional investors who are mandated to invest in triple-A rated bonds.
2010 Q4 Earnings Analysis: Portfolio Managers Weigh Banks’ Performance
As fourth-quarter 2010 results come in, portfolio managers who invest in the finance sector are finding that they’ve got a lot of homework on their hands.