In Jacksonville, Florida, Dec. 14 began with the sound of gunfire off Jammes Road around midnight. The body of Patrice Sherman, a 22-year-old who worked manicuring lawns, was found at 7:15 a.m. in a ditch.
Fannie Mae Chief Executive Officer Michael Williams said that he remains “cautious” as his company’s mortgages sour at a slower pace and some data indicates the U.S. housing market may be near a bottom.
Michael Williams, chief executive officer at Genesis Asset Management, talks with Bloomberg's Pimm Fox, James Sterngold and Bloomberg Businessweek's Peter Coy about his stock market outlook, technology and banking stocks, and a listener's request for recommendations of undervalued stocks.
The world’s largest banks demanded a wish list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.