Big Isn't Bad, U.S. Banks Tell Fed
The largest U.S. banks say large banks are needed and are accusing the Federal Reserve of attempting to misuse its new regulatory powers to shrink financial giants under the misguided belief that "big is bad."
US Mortgage Funds Emerge As Housing Sways
The U.S housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street.
Emerging Markets Hold Breath As EU Banks Shrink
LONDON, April 30 (Reuters)- From Beijing to Bucharest,
emerging market policymakers are as worried as those in Brussels
that the rapid contraction in western European banks' balance
sheets will compound the debt crisis and further delay economic
Spanish Economy In 'Huge Crisis' After Credit Slash
Spain's sickly economy faces a
"crisis of huge proportions", a minister said on Friday, as
unemployment hit its highest level in almost two decades and
Standard and Poor's downgraded the government's debt by two
Lazard Profit Drops, Still Beats Street
Lazard Ltd's first-quarter earnings dropped sharply because of higher costs, but the boutique investment bank beat analyst expectations by a wide margin when excluding a previously announced charge related to severance packages.
Blankfein Sounds Off, Dow 15,000?, Taibbi on Senate’s MF Global Inquiry, and more Quotes of the Week
Lloyd Blankfein opens up (well, sort of), Dow 15,000, Matt Taibbi on the Senate's MF Global hearings and the increasing use of consumer devices in the enterprise, also known as Bring Your Own Device (BYOD), are some of the topics people are chattering about this week. Wall Street & Technology keeps you in the loop by compiling some of the best quotes of the week. Enjoy!
HSBC To Cut Over 2,200 UK Jobs, Targets Managers
cutting more than 2,200 jobs in Britain, targeting senior and
middle management roles as part of its drive to slash costs and
boost profitability in the face of a changing banking landscape.
Half of Hedge Funds Skittish on 2012: Survey
Roughly 48 percent of hedge fund managers surveyed indicated that 2012 will be a difficult year for the sector, with nearly 40 percent expressing concern that the U.S. could enter a 'double-dip' recession.
Banks May Not Be Able to Resist 'Bring Your Own Device'
User-friendly consumer devices, such as Apple's iPad, are infiltrating the enterprise and transforming workforce expectations. Despite security concerns, employee demands and the productivity gains are forcing banks to embrace BYOD.
Thomson Reuters Launches Elektron in Brazil
Interest in Brazil has increased rapidly in recent years, driving market liquidity and seeing an expanding number of domestic and international firms adopting algorithmic trading.
Electronic Trading Blooms in Latin America
Brazil, Mexico and Chile have made significant investments in their exchange technology to provide lower latency and higher throughput execution for their participants.
OptionsXpress Charged in Second SEC Case
For the second time this week Securities regulators charged an affiliate of online brokerage optionsXpress with a violation, this time for breaking rules that it must be a registered dealer to engage in trading.