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Krugman's Misreading of US Banking History - Coordination Problem

Krugman's Misreading of US Banking History - Coordination Problem | advantages.us | Scoop.it
Steven Horwitz In his NY Times column Sunday, Paul Krugman tries, in vain, to construct a case for bank regulation in light of the problems at JP Morgan. As usual with Krugman, there's much to disagree with, but I want...
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Barclays, HSBC and Royal Bank of Scotland face jump in funding costs on ... - SMEweb

Barclays, HSBC and Royal Bank of Scotland face jump in funding costs on ...SMEwebNews round up: Barclays plc, HSBC Holdings plc, Royal Bank of Scotland Group plc, Facebook Inc, BP plc, Spain, New Trend Lifestyle Group, Ireland.
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EU Banking Plan Arrives, but Not in Time for Spain - CNBC.com

EU Banking Plan Arrives, but Not in Time for Spain - CNBC.com | advantages.us | Scoop.it
BBC NewsEU Banking Plan Arrives, but Not in Time for SpainCNBC.comThe European Commission proposed far-reaching powers for regulators to deal with failing banks on Wednesday, a step toward the banking union the European Central Bank and others are...
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Blanked Bankers Double as Firms Omit Bonuses, Study Says - San Francisco Chronicle

Blanked Bankers Double as Firms Omit Bonuses, Study Says - San Francisco Chronicle | advantages.us | Scoop.it
Blanked Bankers Double as Firms Omit Bonuses, Study SaysSan Francisco Chronicle(Adds investment banking revenues in ninth paragraph.) June 6 (Bloomberg) -- The proportion of investment bankers who got no bonuses last year more than doubled to about...
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Are Goldman Sachs and Facebook Poised for a Rebound?

Are Goldman Sachs and Facebook Poised for a Rebound? | advantages.us | Scoop.it
It's hard to know who is disliked more, Tiger Woods or Goldman Sachs (NYSE: GS) and Facebook (Nasdaq: FB).
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Bank Watch: Geithner challenges banks for specific Dodd-Frank gripes

Bank Watch: Geithner challenges banks for specific Dodd-Frank gripes | advantages.us | Scoop.it
Geithner challenges banks for specific Dodd-Frank gripes. Welcome to the morning roundup. Here's a look at what's news in banking and finance. Dodd-Frank. U.S. Treasury Secretary Tim Geithner is reportedly challenging ...
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China nuclear company plans IPO to fund expansion - USA TODAY

China nuclear company plans IPO to fund expansion - USA TODAY | advantages.us | Scoop.it
USA TODAYChina nuclear company plans IPO to fund expansionUSA TODAYBEIJING (AP) – China's main developer of nuclear power plants says it plans to raise money with an initial public offering, suggesting an industry building boom is resuming after being...
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IIF: Banking Union in Europe "Not Tenable" - Wall Street Journal

IIF: Banking Union in Europe "Not Tenable" - Wall Street Journal | advantages.us | Scoop.it
IIF: Banking Union in Europe "Not Tenable"Wall Street JournalBy Noemie Bisserbe and Flemming Emil Hansen COPENHAGEN--Institute of International Finance Chief Economist Philip Suttle said Wednesday a euro-zone banking union aimed at protecting...
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Big Money in Guessing Bank's Next Move - Wall Street Journal

Big Money in Guessing Bank's Next Move - Wall Street Journal | advantages.us | Scoop.it
Globe and MailBig Money in Guessing Bank's Next MoveWall Street JournalThe bank has remained tight-lipped since disclosing on Thursday that it had lost more than $2 billion on bad derivatives trades.
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How Bank Handles Bad Bet Is Fraught With Peril - New York Times

How Bank Handles Bad Bet Is Fraught With Peril - New York Times | advantages.us | Scoop.it
BloombergHow Bank Handles Bad Bet Is Fraught With PerilNew York TimesAfter all, the situation may only get worse if the bank maintains the position. But the “cut your losses” approach may seem unappealing if the trade is too large.
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China RRR Cut Won't Solve SME Financing Difficulties - Report - Wall Street Journal

China RRR Cut Won't Solve SME Financing Difficulties - Report - Wall Street Journal | advantages.us | Scoop.it
ForbesChina RRR Cut Won't Solve SME Financing Difficulties - ReportWall Street JournalThe People's Bank of China Saturday said it will lower the reserve requirement ratio--or the amount of cash it requires banks to keep in reserve at the central bank--by...
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China faces pressure to reverse sharp economic slump but might be acting too ... - Washington Post

China faces pressure to reverse sharp economic slump but might be acting too ... - Washington Post | advantages.us | Scoop.it
China faces pressure to reverse sharp economic slump but might be acting too ...Washington PostNow, with China's economy cooling abruptly again, Gao sees another wave of bankruptcies about to hit his industry.
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Spanish Bank Audits Within Two Months - Wall Street Journal

Spanish Bank Audits Within Two Months - Wall Street Journal | advantages.us | Scoop.it
Boston.comSpanish Bank Audits Within Two MonthsWall Street JournalBRUSSELS—Spanish Finance Minister Luis de Guindos said Tuesday that Spain has appointed two external auditors to appraise the loan book of banks, a task that may be completed in less...
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[video] why China remains on track | beyondbrics | News and views ...

[video] why China remains on track | beyondbrics | News and views ... | advantages.us | Scoop.it
beyondbrics, from the Financial Times, brings news and comment from more than 40 emerging economies, headed by China, India, Brazil, Russia, Mexico, Indonesia and South Africa. We cover politics and economics, ...
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ECB Meets Amid Gathering Signs of Bank Stress - New York Times

ECB Meets Amid Gathering Signs of Bank Stress - New York Times | advantages.us | Scoop.it
Kansas City StarECB Meets Amid Gathering Signs of Bank StressNew York TimesPARIS — European Central Bank policy makers were meeting Wednesday at a moment of high drama for the euro zone, a day after a ratings downgrades on German and Austrian banks...
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Europe unveils bank-bailout plan - CNNMoney

Europe unveils bank-bailout plan - CNNMoney | advantages.us | Scoop.it
Boston.comEurope unveils bank-bailout planCNNMoneyBy Chris Isidore @CNNMoney June 6, 2012: 8:12 AM ET The EU announced its plan for a bank union which would handle future banking bailouts.
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EU Banking Union, Syria Sanctions, TARP Stock: Compliance - BusinessWeek

EU Banking Union, Syria Sanctions, TARP Stock: Compliance - BusinessWeek | advantages.us | Scoop.it
EU Banking Union, Syria Sanctions, TARP Stock: ComplianceBusinessWeekBy Carla Main on June 06, 2012 European Union leaders' calls for banking union lack concrete proposals for funding a new joint financial-sector backstop, as showcased in the debate...
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Russia, China seeking support for Annan's peace plan | Ya Libnan ...

Russia, China seeking support for Annan's peace plan | Ya Libnan ... | advantages.us | Scoop.it
“Russia and China have a clear understanding that this is of crucial importance at this stage, when there is no shortage of those who want, through their words and subversive actions, to scuttle the Kofi Annan plan,” Russian ...
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Leon Panetta in Delhi; Chinese experts say India will not ally with US against ... - Times of India

Leon Panetta in Delhi; Chinese experts say India will not ally with US against ... - Times of India | advantages.us | Scoop.it
Deccan ChronicleLeon Panetta in Delhi; Chinese experts say India will not ally with US against ...Times of IndiaChinese analysts say that US efforts to make India part of its alliance against China will not succeed as they believe India pursued...
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KPMG Survey: Banking Execs Focused on Increasing Operational Efficiency as ... - MarketWatch (press release)

KPMG Survey: Banking Execs Focused on Increasing Operational Efficiency as ... - MarketWatch (press release) | advantages.us | Scoop.it
KPMG Survey: Banking Execs Focused on Increasing Operational Efficiency as ...MarketWatch (press release)NEW YORK, June 6, 2012 /PRNewswire via COMTEX/ -- Faced with regulatory reform challenges and a lackluster economy, banking executives are focused...
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EURUSD makes new lows on Italy banking downgrade | ForexLive

EURUSD makes new lows on Italy banking downgrade | ForexLive | advantages.us | Scoop.it
The EURUSD has broken below the low for the day on the back of the Italy banking downgrade by Moody's. The next target is the 1.2806-17 which was a.
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Thank the banks for rate cut: RBA - ABC Online

Thank the banks for rate cut: RBA - ABC Online | advantages.us | Scoop.it
BloombergThank the banks for rate cut: RBAABC OnlineBy business reporter Michael Janda It seems borrowers can thank retail banks for the Reserve Bank of Australia's decision to slash the official cash rate by 50 basis points this month.
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Krugman's Misreading of US Banking History - Coordination Problem

Krugman's Misreading of US Banking History - Coordination Problem | advantages.us | Scoop.it
Steven Horwitz In his NY Times column Sunday, Paul Krugman tries, in vain, to construct a case for bank regulation in light of the problems at JP Morgan. As usual with Krugman, there's much to disagree with, but I want...
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India Bonds Gain a Second Day on Central Bank's Plan to Buy Debt - Bloomberg

Moneycontrol.comIndia Bonds Gain a Second Day on Central Bank's Plan to Buy DebtBloombergIndia's bonds rose for a second day after the central bank said yesterday it will purchase sovereign notes at an open-market auction this week to help the...
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China Orders 'Big Four' Auditors to Restructure | China Briefing News

China Orders 'Big Four' Auditors to Restructure | China Briefing News | advantages.us | Scoop.it
China now requires the “Big Four” auditing companies of Deloitte Touche Tohmatsu, Ernst & Young, KPMG and PricewaterhouseCoopers to “localize” their staff in line with Chinese laws that specify the qualifications, age and ...
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Krugman: Why we regulate - Salt Lake Tribune

Krugman: Why we regulate - Salt Lake Tribune | advantages.us | Scoop.it
Krugman: Why we regulateSalt Lake TribuneBy paul krugman One of the characters in the classic 1939 film "Stagecoach" is a banker named Gatewood who lectures his captive audience on the evils of big government, especially bank regulation — "As if we...
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