The collapse of the financial industry forced thousands of Wall Streeters out the door, and many of those positions aren’t coming back. (Dec. 16)
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Dec. 18 (Bloomberg) — Peter Shapiro, managing director of Swap Financial Group LLC, talks with Bloomberg’s Betty Liu about Harvard University's loss of almost $1 billion on interest-rate swaps and possible actions the school may have taken to mitigate its losses. Shapiro also discusses the...
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Dec. 16 (Bloomberg) — Former U.S. Comptroller of the Currency Eugene Ludwig talks with Bloomberg’s Margaret Brennan about the possible reinstatement of the Glass-Steagall Act and regulation of U.S. banks. The repeal of Glass-Steagall, legislation which prohibited financial firms from opera...
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Dec. 16 (Bloomberg) — Reva Bhalla, director of geopolitical analysis at Stratfor, a private intelligence company, talks with Bloomberg’s Margaret Brennan about the potential role of the bailout of Dubai World Ltd. by Abu Dhabi in sanctions against Iran. Bhalla also discusses Credit Suisse ...
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Dec. 16 (Bloomberg) — Stuart Kirk of the Financial Times' Lex commentary team talks with Bloomberg’s Erik Schatzker about the outlook for the currency market. (Source: Bloomberg)
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Dec. 17 (Bloomberg) — The dollar rose to the highest level against the euro in three months and the yen gained as declines in stocks stoked demand for the currencies as a refuge amid concern nations such as Greece may struggle to pay their debts. Bloomberg’s Sarah Eisen reports. (Source: Bl...
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One of the most well-regarded Wall Street analysts today cut profit estimates for Morgan Stanley (MS) and Goldman Sachs (GS) today. Meredith Whitney cut full-year 2010 earnings forecasts for Morgan Stanley to $2.60 per share, as compared to a prior forecast of $2.63 per share.
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Dec. 14 (Bloomberg) — James Rohr, chief executive officer of PNC Financial Services Group Inc., talks with Bloomberg’s Betty Liu about President Obama's meeting with executives from the U.S.'s largest banks. Obama met with Rohr and other executives as he seeks to ratchet up pressure on ban...
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Dec. 16 (Bloomberg) — Nicholas Colas, chief market strategist at BNY Convergex LLC, talks with Bloomberg’s Lori Rothman and Mark Crumpton about the outlook for U.S. treasuries.¶ Colas also discusses Federal Reserve Monetary Policy. (Source: Bloomberg)
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This morning, JP Morgan raised its rating on both Carnival (CCL) and Royal Caribbean Cruises (RCL) from Neutral to Overweight as fundamentals continue to improve at both companies. Looking ahead to 2010, analysts at JP Morgan are optimistic as they see consumer confidence climbing as the macroec...
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