European banks were hit by concern about potential exposure to debt problems in Dubai on Thursday. Companies where Middle Eastern investors own big stakes also came under pressure.
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Nov. 23 (Bloomberg) — Bank of America Corp.s board may extend its search for a permanent new chief executive officer into 2010 if directors cant settle on a candidate in the next three days, according to people familiar with the matter. The directors, who met Nov. 20, may be willing to go ...
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Nov. 26 (Bloomberg) — Simon Hayes, head of financial services at Odgers Berndtson, talks with Bloomberg’s Rishaad Salamat about changes to U.K. bank bonus rules and corporate governance proposed by David Walker in a government-commissioned report. Walker, a senior adviser to Morgan Stanley...
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aide and removed three others from the board of Dubais main holding company as the debt-laden emirate seeks sustainable industries to replace a real-estate market that was the worst affected by the global financial crisis. Bloomberg’s Margaret Brennan reports. (Source: Bloomberg) ... Dubai Ruler ...
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Nov. 23 (Bloomberg) — Brandon Adams, a professional poker player who teaches behavioral science at Harvard University, talks with Bloomberg’s Betty Liu about the similarities between Wall Street trading and playing poker. (Source: Bloomberg) ... Adams Sees Link Between Wall Street Trading ...
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Nov. 23 (Bloomberg) — Paul Miller, an analyst at FBR Capital Markets, talks with Bloomberg’s Pimm Fox about the outlook for acquisitions of banks that have been taken over by the Federal Deposit Insurance Corp. Miller also discusses possible purchases by Washington Federal Inc. (Source: Bl...
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Nov. 23 (Bloomberg) — Bloomberg’s Michele Steele reports on the performance of the US equity market today. US stocks rose, breaking a three-day losing streak for the Standard & Poors 500 Index, as sales of existing homes climbed more than forecast and speculation grew that the Federal Rese...
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Nov. 20 (Bloomberg) — Billionaire Richard Branson, chairman of Virgin Group Ltd., talks with Bloomberg’s Matt Miller about the UK banking industry and Virgin's plans to create a new bank. Branson, speaking yesterday in New York, also discusses the state of the global economy. (Source: Bloo...
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how some hedge funds are profiting from buying home loans at a discount. The funds reduce the size of the mortgages and make them qualify for government guarantee. These loans are then sold to federal agencies, which then package them into securities that are sold to investors. (Source: Bloomber...
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