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When the subject comes up, you might expect planners to say that the work they do makes them as indispensable as heart surgeons or the bomb squad. They acknowledge readily, however, that some of the services they provide could be done just fine by many of their clients. “I won’t ...
FURTHER examination of statements made during the travails of the Allco Finance Group (AFG) in early 2008 casts doubt on a response that was made to an ASX query. AFG’s share price collapsed in late 2007, falling from $10 in October to around $2.85 by late December. The wheels started ...
The OFT said it had imposed the fine, the first it has ever levied on a bank, because RBS executives gave their counterparts at Barclays information on how they priced loans to firms such as accountants and lawyers. There is evidence Barclays used the information to set its own prices, ...
By Allan Sloan, senior editor at largeMarch 30, 2010: 6:10 AM ET (Fortune) — What’s good for America isn’t necessarily good for all Americans. The case in point: low interest rates. The government has cut short-term rates (which the Federal Reserve controls) to essentially zero, and has spent more than ...
By Colin Barr, senior writerMarch 30, 2010: 4:42 AM ET (Fortune) — The government hit the jackpot with the Treasury’s plan to sell its stake in Citigroup. Good thing, too, because the remaining bailed-out banks may be hard-pressed to pay taxpayers back this year. Treasury said Monday it will sell ...
By Colin Barr, senior writerMarch 30, 2010: 4:42 AM ET (Fortune) — The government hit the jackpot with the Treasury’s plan to sell its stake in Citigroup. Good thing, too, because the remaining bailed-out banks may be hard-pressed to pay taxpayers back this year. Treasury said Monday it will sell ...
The explosions were set off Monday morning by female suicide bombers in two landmark subway stations. The blasts killed at least 39 people — a woman died of her injuries late Monday night, according to a TV news report here on Tuesday — and scores of others were wounded. The ...
WASHINGTON – Bank bailouts are turning out to be great business for the government. Unfortunately for taxpayers, other federal rescues will almost certainly wind up in the red. The Treasury Department said Monday it will begin selling its stake in Citigroup Inc. at a potential profit of about $7.5 billion ...
NEW YORK – Consumers are more willing to spend, and that’s making investors more optimistic about the economy. The Dow Jones industrial average rose 46 points Monday and broader indexes also climbed after the Commerce Department said consumer spending rose for the fifth straight month in February. The 0.3 percent ...
Russia’s currency, the rouble recovered some ground after dropping sharply when terror attacks hit Moscow as traders said the blasts were not unprecedented and unlikely to hurt the currency’s fundamental strength. The rouble was 7 kopecks down at 34.2 versus the euro-dollar basket, recovering ground after falling after the blasts ...
One of the things that I’m most worried about right now is people taking money that they want to keep safe and trying to find investments that earn a little higher yield. This is called “stretching for yield,” and it can be be a dangerous game, especially if you don’t ...
THE investment banking fee pool in Australia has fallen 68 per cent in the first quarter as corporate Australia remained cautious about transactions despite the domestic economic recovery. The major investment banks earned fees of just $133.5 million in the first three months of the year, in one of the ...