Economy & Markets
The important economic and stock market news that advisors need to know.
Julius Baer May Cut 1,000 Jobs After Merrill Acquisition
By Marlene Y. SatterThe bank seeks to reduce its workforce by 15%18%, now that it has a combined staff of some 5,700 in the wake of its acquisition of Bank of America-Merrill Lynchs former U.S. wealth management units.
October 08, 2012
Bill Gross Compares ‘Damaged’ Fiscal Situation to Own AmnesiaWhen Bill Gross says he has amnesia, maybe its time to panic.
October 08, 2012
Six Banks Set LIBORIn the wake of the scandal that revealed LIBOR under manipulation by banks all over the world, the benchmark lending rate is suffering a credibility gap even as a smaller core group of banks contributes to setting the rate.
October 08, 2012
Spain in Mind as Eurozone Brings ESM OnlineThe European Stability Mechanism, the permanent rescue fund of the eurozone, goes into operation on Monday in anticipation of Spains potential need for a bailout.
October 08, 2012
Few Apply for Top BoE SpotThe list of candidates to succeed Mervyn King as governor of the Bank of England is smaller than expected, with many potential candidates disqualified because of recent investigations into bank misdeeds, and two of the top contenders off the list by choice.
October 07, 2012
Demagogues and the ElectionWhat is a demagogue and why should you care? One advisor's look at how things are likely to change after the election.
October 05, 2012
Changes to Come at World Bank, Chief SaysHe said that he wants the World Bank to lessen its emphasis on approving loans for development and concentrate more on getting results that make a difference.
October 05, 2012
Food Prices Likely to Stay HigherThe effects of droughts in the U.S. and Russia that have driven food prices higher are likely to last for the next six months, according to the U.N., and the global food market will be in short supply mode.