S&P replaces president with Citibank exec after U.S. downgrade
(Reuters) - The chief of Standard & Poor's will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S.…
Obama’s Attack on Goldman Sachs May Trigger Recession
The regulators Goldman Sachs NYSE:GS witch hunt is spooking investors. Goldman shares fell sharply in the final minutes of regular trading after Reuters reporting the hiring, finishing down 4.7…
Greece will…China Details Yuan Use Offshore
SHANGHAI--China has released draft guidelines on foreign investors' use of yuan acquired overseas for direct investment in the country, taking another significant step forward in further…
The Word from…Layoffs sweep Wall Street, along with low morale
(Reuters) - In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's…
Global Baking Regulation Update
Enhancing financial regulation has been a common view between governments since crisis in Y 2008, but debates over implementation details continue, especially since the recent debt crisis has given…
On the…
S&P 500…Something is happening here but you don't know what it is do you, Mr. Jones?
The S&P 500 is down 13% for the month to date in August and it's not even over. This is a far worse month, 30% worse than October 2008 which was down 10% although we had two back to back 10%…