Danske Bank: "A New Normal Demands New Standards"
http://stock.ly/5t6k36I do not throw bricks and other objects at law enforcement, I do not make out with people of my same gender, I do not dance on my head, I do not have artificial legs, I do not support Occupy Wall Street, and I do not own anything Apple makes. Apparently that makes me weird.My friends' mum
BlueGold Hedge Fund To Liquidate, Return Money To Clients -...
Pierre Andurand, co-founder and chief investment officer of BlueGold Capital Management LLP, in New York.Pierre Andurand, co-founder and chief investment officer of BlueGold Capital Management LLP, in New York. Photographer: Daniel Acker/BloombergBlueGold Capital Management LLP, the $1 billion
Banks Are Not Mystical | Modern Monetary Realism
The recent crisis has been beneficial in at least one way – it has begun to shed light on some of the myths of our monetary system that have poisoned economics and politics for many decades. If I had to rank some of these myths I would almost certainly put the currency user vs. currency
Five Reasons Why Financials, And Stocks, Are Breaking Out |...
http://stock.ly/2ojsixThe most favored chart pattern for all investors is the base pattern. A base is formed when a stock has declined for a period of time and then trades sideways while long-term moving averages flatten out. When the stock breaks out above resistance and the long-term moving averages begin to rise,
Meredith Whitney Says Banks Oversold, Muni Defaults To Come
Meredith Whitney, founder & CEO of Meredith Whitney Advisory Group, offers her reaction to the bank stress tests. She also explains why she remains worried about the muni bond market.
Federal Reserve Stress Test Outline
CNBC's Eamon Javers has details on the Federal Reserve's stress test methodology, including some of the scenarios they're using. The stress test results will be released at 4:30pm on Thursday.
Bove: Bank Stress Tests Flawed
http://stock.ly/3vi6g7Richard Bove, Rochdale Securities, says the bank stress tests are based on unrealistic hypotheticals. Meanwhile, the Fast Money traders discuss a possible slowdown in China and management changes at Pepsi, with Bill Schmitz, Deutsche Bank.
Fannie Mae Knew About Foreclosure Fraud For A Decade, But Did...
Today is the supposed deadline for a group of attorneys general to sign onto a settlement with the nation’s biggest banks, stemming from the foreclosure fraud scandal that broke back in 2010. The settlement has been in limbo for several months, as a group of AGs believed it gave too much up
"Old" Wall Street: The Melting Ice Cube
Empires are not often replaced by new ones. What usually happens, the disintegration converts them to many smaller pieces. Look at the Mongols or the USSR as examples (or, in the futuristic USA, will you be in Liberalandia, the Dixie Republic, The Free State of New Hampshire, Mexico-Norte, etc.?).
Wall Street Executives Thrive Under Obama But Still Won't...
WASHINGTON -- They bristled when he called them "fat cats." They fought every step of the way, unsuccessfully, to prevent his financial reform bill from becoming law. And some who supported him in 2008 are now throwing their money at Republican presidential candidate Mitt Romney.But for all their
Calafia Beach Pundit: Bank Lending Still Accelerating
Commercial & Industrial Loans (a good proxy for bank lending to small and medium-sized businesses) have been expanding at an accelerating rate for more than a year now, having grown by $154 billion since their low in October 2010. Over the past six months, C&I Loans have risen at a 13.4% annualized
NACHA— Comment Letter Expedited Processing Settlement
The Independent Community Bankers of America (ICBA)1 is pleased to submit comments on proposed amendments to the NACHA Operating Rules (the “Rules”) that would enable ACH entries to be processed and settled on the same day that they are originated.
Is “Same-Day ACH” In Our Near Future? | Paystream Voices...
NACHA, the Electronic Payments Association, is the organization that manages the development, administration and governance of the ACH Network. They recently proposed the Expedited Processing and Settlement (EPS) amendment to the NACHA Operating Rules (“Rules”) that would enable ACH entries
Evercore Partners Maintains Overweight, $63 PT On PNC Financial
Evercore Partners reiterates its Overweight rating and $63 target price on PNC Financial (NYSE: PNC) on early reads of 4Q11 results that show "core" misses on higher expenses, but present in-line revenues and a positive outlook.Evercore Partners says, "PNC reported $0.85 which included several
