Credit Suisse Core Hedge Fund Index fell less than half that of broad equity
The Dow Jones Credit Suisse Core Hedge Fund Index Down 2.88% in August versus Losses of 7.69% for Global Equity Markets New York, September 6, 2011 – The Dow Jones Credit Suisse Core Hedge Fund Index…
US Banks to Rally on Deal
US Banks offered deal on faulty mortgage foreclosure practices BAC, JPM, C, WFC US banks that allegedly engaged in improper mortgage foreclosure practices have been offered a deal by State…
Funds Bet Big on Agriculture
Funds add Bullish agriculture bets on shortages Funds increased Bullish bets on agricultural commodities by the most in more than a year on signs of tightening supplies amid adverse weather…
Berlusconi Cabinet to Call Confidence Vote on Austerity Plan
Sept. 6 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi called a Cabinet meeting today to authorize a confidence vote in Parliament on an amended 45.5 billion-euro ($64.5 billion) austerity…
U.S. Must ‘Stop Punishing Banks,’ Halt Loan Claims, FBR Says
Sept. 6 (Bloomberg) -- U.S. government-backed firms and agencies should “stop punishing banks” and suspend demands for mortgage repurchases because they are impeding an economic recovery, according…
U.S. Stock Futures Drop Amid Concern European Crisis Worsening
Sept. 5 (Bloomberg) -- U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may slide for a third day when exchanges open tomorrow, as European markets showed growing concern the…
Financial Institutions around…
Obama Cancels Ozone Rules After Lobbying Push From Business
Sept. 2 (Bloomberg) -- President Barack Obama quashed proposed rules on ozone from the Environmental Protection Agency, agreeing with Republicans and industry to withdraw the costliest regulation…
Banks Overwhelmed by Mortgage Refinancing After Job Cuts
Sept. 2 (Bloomberg) -- Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge. “There’s just so much volume,” said Kristin Wilson, a…