U.K. Stocks Fall, Led by HBOS, EasyJet, Mitchells %26amp; Butlers
By Adam Haigh
March 19 (Bloomberg) — U.K. stocks dropped, led by HBOS
Plc on speculation the U.K.s biggest mortgage lender may have
funding problems. Royal Bank of Scotland Group Plc and HSBC
Holdings Plc [...]
BOSTON (Reuters) - U.S. investment banks should face stricter regulations, U.S. Rep. Barney Frank said on Wednesday, days after Bear Stearns, one of Wall Street’s biggest players, was brought down by soured housing market bets.
“There should be some reserve requirements, yes,” Frank, who chairs the powerful U.S. House of Representatives Financial [...]
BOSTON (Reuters) - U.S. investment banks should face stricter regulations, U.S. Rep. Barney Frank said on Wednesday, days after Bear Stearns, one of Wall Street’s biggest players, was brought down by soured housing market bets.
“There should be some reserve requirements, yes,” Frank, who chairs the powerful U.S. House of Representatives Financial [...]
But the lower results easily topped analysts’ expectations for a profit of $1.03 per share on $7.19 billion of revenue, according to Thomson Financial.John Mack, Morgan Stanley’s chairman and chief executive, said the investment house known for its trading prowess “effectively capitalized on market opportunities and aggressively managed our positions.”Wall Street’s biggest investment banks have [...]
WASHINGTON, March 15 (Reuters) - President George W. Bush
plans to meet on Monday with top U.S. financial policymakers,
the White House said, with the meeting coming at a time of
increased strains in credit markets.
The White House said on Saturday that the meeting,
scheduled at 2:10 p.m. EDT (1810 GMT), is with [...]
AMSTERDAM (Reuters) - Investment company Carlyle Capital Corp (CARC.AS: Quote, Profile, Research) said on Wednesday that its liquidators have determined the fund to be insolvent and that investors were not likely to get any proceeds after its operations wind up.
Amsterdam-listed Carlyle, which late on Tuesday asked for trade in its shares [...]
TOKYO, March 19 (Reuters) - Japanese stocks are seen set to
rise on Wednesday, tracking steep gains on Wall Street after
deep interest-rate cut and solid results from two top
investment banks soothed investors spooked by Bear Stearns’
sudden downfall.
One of the stocks in the spotlight is Takeda Pharmaceutical
Co (4502.T: Quote, Profile, Research).
[...]
NEW YORK (AP) — Treasury prices sold off Tuesday ahead of an afternoon Federal Reserve interest rate cut decision and as better-than-forecast earnings from investment banks lured investors back into the stock market.Bond market investors are confident the Fed will cut the key fed funds rate from its current 3% level to at least 2.5% [...]
NEW YORK (CNNMoney.com) — Did you notice that the market didn’t collapse yesterday? There were scores of bearish (pun intended) headlines following news of the bailout/buyout of investment bank Bear Stearns (BSC, Fortune 500) by the Fed and JPMorgan Chase (JPM, Fortune 500). But after a rough start, the market bounced back a bit Monday. [...]
NEW YORK (CNNMoney.com) — Even during these turbulent times on Wall Street, Goldman Sachs Group Inc. managed once again to make a tidy profit in the first quarter - $1.5 billion - though it paled in comparison with last year.The company has largely managed to stay ahead of its rivals as they all struggle with [...]
