Plan to Rescue German Banks Stokes Fears of Crisis
New German government plans to rescue its banks and insurers sent the clearest signal yet that a European banking crisis could be imminent.
New Hires Roundup: BondDesk Adds Bang; JHS Capital Gains Maguire Investments; Kern Is President of Advisor Partners
This week in new hires, Curley goes to Genworth; Goldman, Gendreau join Cetera; Polk adds Crandall; Herrera goes to AUL.
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.
European Bank Stocks Crash After ‘Bankmageddon’ on Friday
Traders, analysts find bank stress tests to be lacking in credibility.
Italian Bond Rate Jumps at Auction
Italy was forced to pay record yields on bonds sold at auction on Thursday.