Ben Fischer

Mortgage Pipeline, Basel Timing, Money Funds: Compliance

Reopening the U.S. mortgage securitization pipeline is a vital step toward a housing market recovery that will boost the wider economy, Comptroller of the Currency Thomas Curry said yesterday in a Las Vegas speech.

Deutsche Bank Said to Be Among Banks in Bafin Euribor Probe

Deutsche Bank AG is among several banks facing probes by financial regulator Bafin over the possible rigging of Euribor interest rates, two people familiar with the matter said.

SEC-Nasdaq, Morgan Stanley Restitution: Compliance

The U.S. Securities and Exchange Commission rejected Nasdaq Stock Market’s request to offer clients trading algorithms that would enable them to execute buy and sell orders according to predetermined guidelines.

Deutsche Bank Libor Probe Should Be Public: Lawmakers

Deutsche Bank AG and Germany’s finance regulator are under pressure to publish findings of a probe into whether the lender rigged interest rates, with lawmakers saying a rule meant to protect banks is crippling efforts to explore what’s wrong with financial markets.

Deutsche Bank Accused by Ex-Employee of Hiding Securities Losses

Eric Ben-Artzi, a former quantitative risk analyst for Deutsche Bank AG, alleged that Europe’s biggest lender engaged in a multibillion-dollar securities violation. Deutsche Bank denied the allegation.

Bafin Opposes EFSF Bank Capital Injection Draft Proposal by EBA

German financial regulator Bafin opposes a proposal the European Banking Authority to give the European Financial Stability Facility the power to directly inject capital into banks.

SEC Trading Ban, Bank-Fed Ties, JPMorgan: Compliance

Securities and Exchange Commission Chairman Mary Schapiro authorized hiring a chief compliance officer and will require employees get “pre-clearance of all trades” and be prohibited from trading securities of issuers under investigation, amid a probe by federal prosecutors into trading by two agency lawyers.

Bafin-EFSF Capital, Solvency II, BATS, UK Banks: Compliance

German financial regulator Bafin opposes a proposal by the European Banking Authority to give the European Financial Stability Facility the power to directly inject capital into banks.

Citigroup Japan Probe, Volcker Rule, CFTC Speculation Limits: Compliance

Citigroup Inc. stopped soliciting clients for some retail banking products in Japan as it awaits the outcome of a government investigation into its compliance with local rules, two people with knowledge of the matter said.

Profits Paramount for U.S. Stocks as Economy Focus Dims

Profits are moving U.S. equity prices more than any time since the bull market began 3 1/2 years ago, rewarding investors for picking stocks based on company data instead of following the herd rocked by Europe’s debt crisis and the slowing U.S. economy.

"When some company breaks the monotony with a good or bad earnings report, you get an exaggerated reaction."

- Ben Fischer on Sep 03, 2012

New York

Europe

Federal Reserve

Justice Department

Airbus Said Close to Order for 25 Planes From Kuwait Airways

Europe Seeks Fiscal Realism as Slump Prompts Pressure From U.S.

Citigroup’s Corbat Says Spending Needed for Full Recovery

Gold Bears Pull $20.8 Billion as BlackRock Says Buy: Commodities

‘Iron Man 3’ Tops Movie Sales Again With $72.5 Million