ECB Offers Cheap Loans Again
The European Central Bank once again offered cheap three-year loans to banks in the euro region, which quickly soaked up 529.5 billion euros ($712.2 billion) in funding. Analysts had expected the amount to total 470 billion euros.
Banks, Storage Companies Expand Gold Vaults
Demand for gold has already resulted in the building of new vaults or expansion of old ones as investors in a flight to safety have accumulated stores of the precious metal.
Measuring Market Performance: Much Depends on Where You Start
Why using historic long-term performance numbers in either the asset allocation process or to arrive at wealth and spending forecasts is problematic, and what to do about it.
All-Around Pressure Marks Greek Negotiations
No one it seems can escape the pressure to accept less in the negotiations to save the Greece economy.
SIFMA Says Volcker Rule Threatens to Freeze Corporate Bond Market
SIFMA says that an overly restrictive implementation of the Volcker rule could severely reduce liquidity in the $1 trillion U.S. corporate bond market.
JPMorgan, Ally Sued by HSH Nordbank
German lender HSH Nordbank is suing JPMorgan Chase and Ally Financial, among other financial institutions, over losses it sustained in mortgage bonds that it said were misrepresented.
ECB Lends to Banks to Keep Credit Flowing
The European Central Bank surprised analysts by offering a record amount of 489 billion euros in loans to stressed banks.
New Hire Roundup: Fidelity Names Presidents, SIFMA Gains President and Board Members
This week in new hires, Fidelity Asset Management announced two new presidents in its fixed income division and SIFMA announced its new president and board members.
Greek Debt Writedown May Top 60%
A debt crisis summit meeting of European leaders scheduled for October 18 was pushed back to October 23 amid a disagreement about the amount of Greek debt to be written down.
Greek Default Looms; Markets Hold Steady
Markets around the world steadied on Friday in Europe, despite rumors of an imminent Greek default.