Market News
31 Banks That Will Face The Fed's Harshest Stress Tests
Forbes - 15 Mar 2013 00:37
The Federal Reserve required bank holding companies with total consolidated assets of $50 billion or more to submit capital plans for review on an annual basis. A total of 31 firms made the list. Source: SNL Financial
J.P. Morgan Executives Grilled Over 'Whale' Trades
Wall Street Journal - 15 Mar 2013 22:01
The bank officials fought to explain to a Senate panel how a complex trading portfolio ballooned into a more than $6 billion loss.
IMF: EU Banks Face More Losses
Wall Street Journal - 15 Mar 2013 21:55
Risks to the financial stability of the European Union remain "elevated," and urgent action is needed to adequately capitalize the bloc's banks, the International Monetary Fund said.
Trading in Treasurys Probed
Wall Street Journal - 15 Mar 2013 20:36
The Treasury announced a probe into the government-debt market, concerned that concentrations of holdings in certain 10-year notes may be causing recent unusual trading movements.
METALS OUTLOOK: Gold Market Will Watch Equities, FOMC Meeting
Forbes - 15 Mar 2013 20:26
(Kitco News)Â - The direction of equity markets and a meeting by the U.S. Federal Reserve will be watched by gold market participants next week to see if the yellow metal will finally break above $1,600 an ounce.
Gold Survey: Survey Participants See Higher Gold Prices Next Week
Forbes - 15 Mar 2013 20:24Analyst Moves: ONXX, IRWD
Forbes - 15 Mar 2013 20:23
Onyx Pharmaceuticals (ONXX) had its estimates increased though 2015 by Goldman Sachs (GS) as new products in the pipeline should drive growth during the next several quarters. A $105 price target was set with a buy ratin...
FOCUS: News Of Possible Probe Of London Fixings Raises Eyebrows In Gold Market
Forbes - 15 Mar 2013 20:21
(Kitco News)Â - Eyebrows were raised in the gold market this week when a story in the Wall Street Journal said that the U.S. Commodity Futures Trading Commission may look into the operations of London gold and silver f...
APR Energy powers higher on contract win
Telegraph - 15 Mar 2013 19:58
The wider blue-chip index slipped back on weak US consumer data.
Lazard CEO's Pay Falls; New Clawbacks Set
Wall Street Journal - 15 Mar 2013 18:34
Lazard paid its CEO $8.5 million in 2012, down 5% from the prior year, and set new pay clawback and other compensation-related policies for its top executive officers.
Ex-JPMorgan Exec Drew Deflects Blame For London Whale Trades
Forbes - 15 Mar 2013 18:16Wall Street comes off highs amid mixed signals
Telegraph - 15 Mar 2013 17:21
The US stock market rally has faltered after ten straight days of gains as investors digested a mixed bag of economic data.