Vevo WEEK IN VERSE Mick Jagger won’t join the British tea party at Davos, but maybe Maroon 5 is available. A look back on our reporting of the past week’s highs and lows in finance. Scott Eells/Bloomberg NewsPreparations under way for the World Economic ...
Jan 27 2012, 5:06pm CST
MILAN Feb 22 (Reuters) - French insurer AXA has made it clear to investment bank Mediobanca it has no links with private equity funds Palladio Finanziaria and Sator in moves to rescue Italian insurer Fondiaria-SAI , a source close to matter said on Wedne ...
Full article at: Reuters.co.uk
More like this 3 hours ago
Feb. 22 (Bloomberg) -- Stocks fell worldwide for a second day and commodities declined after reports on the European and Chinese economies spurred concern about growth. U.S. Treasuries rose, and the yen fell to a seven-month low versus the dollar. The MS ...
Full article at: BusinessWeek
More like this 5 hours ago
Feb. 14 (Bloomberg) -- TDC A/S’s private equity owners raised about 5.6 billion Danish kroner ($982 million) selling stakes in Denmark’s biggest phone company, according to three people with knowledge of the transaction. The stock fell the most in six mo ...
Full article at: BusinessWeek
More like this 1 day ago, 10:41am CST
Feb. 20 (Bloomberg) -- Hedge funds increased commodity bets to the highest in almost five months on signs that a rescue plan for Greece and faster U.S. growth will buoy demand as supplies shrink for everything from soybeans to copper. Money managers boos ...
Full article at: BusinessWeek
More like this 1 day ago, 6:56am CST
(PARIS) - Leading European banks and insurance companies held the following amounts of Greek debt on the basis of data, provided by the institutions themselves and valid at the end of September, except where indicated with an asterisk. The private instit ...
Full article at: EUbusiness
More like this 1 day ago, 1:51am CST
Feb. 20 (Bloomberg) -- Lloyds Banking Group Plc’s former Chief Executive Officer Eric Daniels will lose 25 percent of his final bonus, as he and four other current and former executives are penalized for improperly sold insurance products, a person with ...
Full article at: BusinessWeek
More like this 2 days ago, 5:40am CST
By Michael Olenick, creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick or read his blog, Seeing Through Data “A lie told often enough becomes the truth.” – Vladi ...
Full article at: Naked Capitalism
More like this 2 days ago, 11:40pm CST
The New York Times reports that Greg Lippmann, made a star by author Michael Lewis in The Big Short, for making millions on the housing collapse, is now taking the other side of the bet and buying mortgage backed securities. On the surface one wonders wh ...
Full article at: Ludwig von Mises Institute
More like this 3 days ago, 1:19am CST
Jin Lee/Bloomberg NewsGreg Lippmann made his name with big bets on a housing bust. Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart. Having reaped big gains during both of those turns, Greg Lippmann, ...
Full article at: Clearing and Settlement
More like this 3 days ago, 9:20pm CST
Feb. 18 (Bloomberg) -- Bridgewater Associates LP, the hedge fund run by Ray Dalio, agreed to sell a $250 million equity stake to Texas Teacher Retirement System as the firm diversifies ownership from its founder. Texas Teacher voted at a meeting late Feb ...
Full article at: BusinessWeek
More like this 4 days ago, 11:23pm CST