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When a $225 million loan to BNP Paribas comes due Thursday at Legg Mason’s Western Asset management unit, managers at its money market funds will be exercising caution. Instead of renewing the loan as they... Read More
"Like a magician facing a weary audience, Bank of America faces pressure to pull another rabbit out of its hat." Read the full article at The New York Times  
"Fears about Europe’s deteriorating finances intensified on Sunday as new doubts about the health of French banks, as well as Germany’s willingness to help Greece avert default, left investors bracing for... Read More
"The stock market just can’t seem to make up its mind.  Day after day, stocks swing sharply by hundreds of points. Last week they tumbled 3 percent in the first 90 minutes of trading on Tuesday morning, then... Read More
"European banks are facing increasing strains on their balance sheets because of the dramatic jump in the cost to borrow dollars, essential for some institutions as they need to repay loans in US currency." Read... Read More
"As foreshadowed, the central recommendation of the Independent Commission on Banking, chaired by Sir John Vickers, is that banks’ core operations – including consumer deposits and small business lending... Read More
"It has been a long time coming. After months of speculation and politicking, and the teasing of an interim report, the veil is being lifted on plans for the biggest shake-up of British banking in a generation."... Read More
"Germany’s contract with the European Central Bank has been rewritten." Read the full story at The Financial Times
"New international bank capital rules are 'anti-American' and the US should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, has said." Read the... Read More
Britain’s government will force lenders to insulate their consumer and investment banking units by 2019 as Chancellor of the Exchequer  George Osborne tries to shield customers and taxpayers from another financial... Read More
"The Federal Reserve asked Capital One Financial Corp. to respond to questions that appear aimed at determining whether the proposed acquisition of ING Groep NV's U.S. online-banking business would create a bank so... Read More
"Frank Quattrone, a top technology banker once sidelined by regulatory woes, has returned to big-time deal making partly by tapping a network of former clients, including several executives who held controversial "... Read More
"For generations, Procter & Gamble Co.'s growth strategy was focused on developing household staples for the vast American middle class.  Now, P&G executives say many of its former middle-market... Read More
"Germany nominated its deputy finance minister, Jörg Asmussen, to succeed the country's top official at the European Central Bank, Jürgen Stark, following Mr. Stark's shock resignation Friday."... Read More
"Political imperatives have influenced the new approach. Mr. Obama's political team helped spur the change, aiming to reposition the president in the political center and win back independent voters who deserted... Read More
"France's largest private-sector banks will likely suffer further credit-rating downgrades this week, people familiar with the matter said, the latest sign that the debt crisis on the euro zone's periphery is... Read More
"U.S. financial regulators are likely to miss an October deadline for the Volcker rule, a hotly contested part of last year's financial-overhaul law that limits financial firms from trading with their own money.... Read More
"When eurozone leaders announced in July they were proceeding with a controversial plan to get Greek bondholders to help pay for a new €109bn bail-out for Athens, they vowed it was an “exceptional and unique... Read More
"Jean-Claude Trichet has vented his anger at German critics of the European Central Bank’s handling of the eurozone debt crisis, saying governments had failed to shoulder their own responsibilities and his... Read More
"As the invasion of Iraq was planned, Warren Buffet pointed to real weapons of mass destruction: derivatives. Reporting earlier this year, the US Financial Crisis Inquiry Commission concluded that over-the-counter... Read More