European Banking Union Not Enough: Investors
Investors, apparently, not only lack faith in officials to take decisive action on the debt crisis but also do not seem to believe that a bold solution proposed by some can work—because it does not go far enough.
France, Germany Talk Growth as Greece Teeters
The newly elected French president, Francois Hollande, met with Chancellor Angela Merkel of Germany to discuss the possibility of growth measures as they sought a way out of the Greek debt debacle.
London’s ‘Whale’ Loses $2 Billion for JPMorgan
CEO Jamie Dimon said that the office suffered an “egregious” failure and that losses from volatile synthetic credit securities could mount by another $1 billion in this quarter or the third.
Top 5 Business Women Who Tweet About Wall Street
AdvisorOne lists the top 5 business women who tweet based on number of followers, frequency of tweets, quality of posts, professional credentials and what our gut tells us.
Diamonds Rise, but Not Enough for Rio Tinto, Billiton
Both Rio Tinto and BHP Billiton are looking to sell their diamond mines in a realignment of business that would see them abandon gemstones for baser ores.
RBS Talks Sale With Abu Dhabi Royals
The Abu Dhabi ruling family is in talks to purchase a stake in the government-owned Royal Bank of Scotland, according to sources close to both sides of the potential deal.
Nigeria Calls for Non-U.S. World Bank Head
Nigerian Finance Minister Ngozi Okonjo-Iweala praised the current World Bank leader, but said it was time to give someone from the developing world a chance.
French Police Question Strauss-Kahn in Prostitution Ring Case
The former head of the International Monetary Fund, Dominique Strauss-Kahn, who stepped down in the midst of allegations of the rape of a New York chambermaid in 2011, is back in the news.
Italy to Tax Vatican Properties
The Vatican could lose its tax-exempt status for commercial properties and those that have a partly commercial purpose—and be subject to a massive tax bill approaching a billion dollars a year.
Greece, Europe Agree on Bailout to Avert Default
After months of wrangling and several missed deadlines by Greece, euro zone finance ministers finally reached accord on a new bailout for Athens that included additional austerity measures and cuts for private bondholders.