Wall Street Bets on Bond Revival in Trader Hiring Spree
Wall Street firms are starting to bet on an end to the profit-eroding boredom in credit markets by building their bond trading desks.
Criminal Charges Against Banks Risk Sparking Crisis
Even a threat of a hearing may prompt clients to "lose confidence" in an institution and even "cause a run" on a bank, one expert says.
Obamacare Wins U.S. Bond Converts as Slowing Costs Tame CPI
Regardless of what Americans think about Obamacare, reining in health care costs is winning the support of investors in U.S. Treasuries.
Mideast Loans on Block as Euro Banks Seek Cash
European banks, in search of cash to meet new requirements, are looking to sell off their loans to Middle Eastern countries, and are looking for Arab banks as buyers in the process.
S&P, Fitch Cut Ratings of 17 Banks in U.S., Europe
S&P clips 10 in Spain, Fitch hits BofA and Goldman.
Bank of England Boosts QE
For the first time in nearly two years, the Bank of England increased its bond-buying program on Thursday, boosting the ceiling to 275 billion pounds ($421 billion) from 200 billion pounds as it said that slow growth worldwide and European unrest 'threaten the U.K. recovery.'
Greece Worries Set Markets Tumbling
Worries that Greece might default on its mountain of sovereign debt sent global markets steeply downward on Monday, with bank stocks in France leading the plunge.
Swiss Franc Continues Rise
The Swiss franc continued its rise into the stratosphere on Wednesday, spurred on by a failure by the Swiss National Bank (SNB) to directly intervene in the currency's valuation. Instead SNB boosted liquidity and said it would take additional steps.
Corporate Debt Safer Than Euro Zone Sovereign Debt
Europe's sovereign debt crisis has turned the region's credit markets upside down.
Chinese Bank Buys U.S. Broker-Dealer
Industrial & Commercial Bank of China Ltd., China's largest lender, is venturing into the broker-dealer business in the U.S., one of the most telling new signs of the rise of Chinese financial institutions in the world economy.