Tag:
recession
Latest Headlines
Latest Headlines
Why Rastani's interview went viral
"I have a confession: I go to bed every night dreaming of a recession." So says Allessio Rastani, a day trader in the U.K. who was given 15 minutes of fame by the BBC recently. It was that kind of
Volume drought ends, but good times aren't back
Is a crash the answer to the volume recession on Wall Street? To a certain extent, the fortunes of top banks are mirrored not only by the major stock indexes, but also the volume and volatility
MERS changes to survive
We noted recently that it looks like MERS will survive. But it will certainly not be the same firm that caused some much controversy over the last few years. The firm, of course, was designed to
Stress tests for banks not so stressful?
On the surface, a lot is riding on the "stress tests" the top banks are undergoing at the behest of the Federal Reserve, which would like to make the results known sometime this month. Most assume
Bank robberies decline nationwide
Bank robberies are trending down after peaking in the midst of the recession. As of the third quarter of 2010, according to the FBI, robberies, burglaries and larceny at bank branches have declined
Feds highlight efforts to fight financial fraud
The SEC and U.S. attorneys have been active in their efforts to fight financial fraud. That has been evidenced by the twin insider trading investigations that have recentlyrocked Wall Street. To
Deals to explode--or fizzle?
We've seen a lot of deal activity lately--Intel's $7.7 billion takeover of McAfee, BHP Billiton's nearly $40 billion hostile play for Potash, and of course the dueling by Hewlett-Packard and Dell for
Unintended consequence: Rising credit card rates
At a time of record low interest rates, credit card rates are bucking the trend. The average interest rate on credit cards rose to 14.7 percent last quarter, up from 13.1 percent a year ago,
Citigroup's "global bank" shtick
At Citigroup (NYSE: C ), the marketing rhetoric has shifted. Instead of aspiring to be a "universal bank," it now aims to be a "global bank." CEO Vikram Pandit ( Vikram Pandit news) has long held that
Core systems upgrades to rise?
In a deep recession, it makes sense to delay a core system conversion. But now that the recession is ending, we are likely to see a pop in activity. The pent-up demand is something people have been
