Independent Scotland Would Seek to Keep Pound; London Says No
A vote for independence from the U.K. in Scotland scheduled for September could pave the way for a new currency.
Bernanke’s Bond Buy Cut Back Slices Into Mexico Market
As one of the hottest emerging market economies of the past few years, Mexico has been doing well—but the second largest economy in Latin America could be in for some hard times in months to come, thanks to its neighbor to the north.
National Financial Partners Acquired by Madison Dearborn
The private equity investment firm Madison Dearborn will pay $1.3 billion for NFP's stock, representing a 26% premium for NFP's shareholders.
Bill Gross Bets Big on Big Apple
Bill Gross hearts New York.
Barclays’ Diamond Blames Libor Fixing on Other Banks, Regulators
Moody’s cuts Barclays' outlook; investors may be on the hook for losses.
‘Too Big to Fail’ Banks Bigger Than Before Crisis
The five largest domestic banks now hold $8.5 trillion of assets, or 56% of the nation’s GDP, and are bigger than before the financial crisis.
Q4 Earnings: Wells Fargo Beats Estimates, Boosts Advisor Headcount
Wells Fargo beats earnings estimates, adds financial advisors, while improving its wealth-management net income.
Another Judge Challenges SEC Settlement
Milwaukee Judge Randa’s objections are reminiscent of Judge Rakoff’s criticisms of the SEC’s settlement with Citigroup. Indeed, Randa cited Rakoff in his filing.
Wall Street’s Top 10 Corporate Good Guys
The U.S. finance industry has taken a beating for its role in the economic crisis, but according to Corporate Responsibility magazine, there are still 10 good guys in the sector.
EU Hints Greek Bondholders May Get Stung With Sharper Losses
Those institutions and investors holding large quantities of Greek bonds may be in for bigger losses than an originally agreed-upon deal provided for, according to hints from European finance ministers who met Monday to discuss Europe’s ongoing debt crisis.