Cyber Attacks on U.S. Banks Expose Computer Vulnerability
Bloomberg | 28 September 2012
Cyber attacks on the biggest U.S. banks, including JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC) & Co., have breached some of the nation’s most advanced computer defenses
Romney or Obama Win Means No Escape From Fiscal Crisis of Debt
Bloomberg | 27 September 2012
Consumers, banks and businesses have been busy getting their balance sheets into better shape since the U.S. economic recovery began more than three years ago.
SNB in a Pickle
Zero Hedge | 26 September 2012
An absolutely wonderful story came out today. The issue is the Swiss National Bank (SNB), its policy of pegging the Swiss Franc to the Euro at 1.200 and the huge reserve increase this has caused.
German Business Mood Sinks as Clouds Gather
DW | 24 September 2012
Sliding for the fifth consecutive month, German business sentiment has hit its lowest level since early 2010, according to a key economic indicator.
How a Broker Spent $520m in a Drunken Stupor and Moved the Global Oil Price
Telegraph | 30 June 2010
It’s probably not uncommon for City traders to wonder how they burnt so much cash during a drunken night on the town.
Rethinking Robert Rubin
Bloomberg | 20 September 2012
Bill Clinton has a favorite Robert Rubin story.
The Fed Has Another $3.9 Trillion In QE To Go (At Least)
Zero Hedge | 23 September 2012
Some wonder why we have been so convinced that no matter what happens, that the Fed will have no choice but to continue pushing the monetary easing pedal to the metal.
US CFTC Chief to Testify on Libor Before European Parliament
Reuters | 21 September 2012
The chairman of the U.S. derivatives regulator will testify before a European parliamentary committee about global benchmark interest rates
California Takes On the Retirement Crisis
New York Times | 22 September 2012
When you think of California as a trendsetter, retirement policy is probably not the first thing that comes to mind, but that may soon change.