TOP 100 FINANCIAL SITES
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| A bond-insurer bailout looks short-sighted The bond insurer bailout plan, which will tap a consortium of banks for much-needed capital, is borrowing from Peter to pay Paul. Banks will conceivably lend money to a company that is the counter-party to their own positions. feeds.marketwatch.com |
Bear Stearns falls as financial-sector stocks rise NEW YORK (Reuters) -Bear Stearns Cos shares fell more than 5 percent on Tuesday on concerns that the investment bank faces bigger-than-expected write-downs and may find itself hampered by a business model based on risky mortgage securities. feeds.reuters.com |
Wall Street advances following Fed data release on liquidity Wall Street advanced Friday after the Federal Reserve released data showing that liquidity problems are not as bad as previously thought. The data released late Thursday shows investment banks and broker dealers borrowed more than 3 ... english.people.com.cn |
Cargo plane crashes in DR Congo A cargo plane crashed in the Democratic Republic of Congo (DR Congo) on Tuesday, local media reported. The plane, which was a Boeing 727, crashed in Goma, a city in the east of the country. Soruce: Xinhua ... english.people.com.cn |
Bank of America unit settles SEC mutual fund case WASHINGTON (Reuters) - Banc of America Investment ServicesInc, a unit of Bank of America Corp , has settledcharges it failed to disclose it favored affiliated mutualfunds, the U.S. Securities and Exchange Commission said onThursday. feeds.reuters.com |