Tag Archives: banks
What If Washington Bailed Out of Bailouts?
Business week – The idea certainly seemed all right to throngs of Americans who were outraged by news that American International Group (AIG) paid out millions of dollars in executive bonuses after it was rescued with taxpayer cash. But would […]
Connecticut’s “Rodeo Drive” Abandoned as Hedge Funds Collapse
Bloomberg – Finding a parking spot for your Mercedes or BMW on Greenwich Avenue, the main shopping strip of the U.S. hedge-fund capital, used to be a challenge. Not anymore. With the recession hammering retail sales, empty curbside spaces abound […]
Obama’s toxic assets plan greeted with skepticism
Associated Press – The Obama administration’s latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending […]
Obama’s Interview on ‘The Tonight Show’ / regarding hedge funds and AIG
FOXNews – MR. LENO: Tell people what happened. I know people have been over it, just — MR. OBAMA: Well, look, here’s what happened. You’ve got a company, AIG, which used to be just a regular, old insurance company. Then […]
UK financial services regulator proposes shakeup
LONDON (AP) – Britain’s financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds. The government-commissioned banking services report recommends new rules on a wide […]
Yen Swap Spreads Near Record as Hedge Funds Stay Away, RBS Says
Bloomberg – Japan’s attempts to end financial turmoil failed to lure hedge funds back to its swap markets, leaving premiums paid by domestic borrowers near a record, RBS Securities Japan Ltd. said. Hedge funds, which lost more than $400 billion […]
Citi: Hedge Funds to Jump at Toxic Asset Opportunities
Private Equity Hub – Wealth managers at Citi are telling their clients to watch for a burst of hedge fund activity in bad assets. The wealth investor says in its most recent note that the biggest opportunity for hedge funds […]
G20 to discuss hedge fund crackdown
This is Money – ‘The big principle to come out of this is we have to care about things that are systemically important, and if necessary regulate them – and that includes hedge funds,’ said one UK official. It marks […]
Euro shares rise for 5th session
Business Spectator – European shares jumped for a fifth straight session on Monday, led higher by financials, as investor sentiment improved following further assurances over the health of the US banking sector. At 0948 GMT, the FTSEurofirst 300 index of […]
Financial watchdog out to clip the hedge funds
Times Online – Secretive hedge funds will eventually be subject to the same supervisory rules as banks, under a tightening of Britain’s system of regulation. The changes, which will require banks and other lenders to build up their reserves in […]
Hedge funds to jump at toxic asset loans
Stuff – Wealth managers at Citi are telling their clients to watch for a burst of hedge fund activity in bad assets. The wealth investor says in its most recent note that the biggest opportunity for hedge funds is probably around […]
