Mervyn King received a 10,000-pound ($15,500) painting of himself as a leaving present when he retired as Bank of England governor in June, MSN UK reported on its website, citing a Freedom of Information request.
The over $2 trillion-a-day repurchase agreement market requires changes to cut risks related to sales of assets triggered by a dealer default or lenders’ perceptions that it may, according to the Federal Reserve Bank of New York.
The Federal Reserve, chastised by Congress for lending money to foreign institutions including a Libyan-owned bank, is once again the lender of last resort for banks around the world it knows little about.
Bank of New York Mellon Corp.’s Gerald Hassell, who started as a management trainee 38 years ago and became president in 1998, got the top job with the departure of Chief Executive Officer Robert P. Kelly.
Top Hedge Fund Managers Convene for Bloomberg Hedge Funds 2010 Industry Leaders, Including Bill Ackman, Glenn Dubin and Leon Cooperman, To Examine Key Issues for Funds and 2011 Outlook Business Wire NEW YORK -- November 18, 2010 As hedge funds begin to recover, having rallied to a two-year high with a gain of 1.5 percent in October, Bloomberg LINK will bring together the world’s top managers and investors to discuss the state of the industry at Bloomberg Hedge Funds 2010. The Summit, being held on Thursday, December 2, 2010 at The Guggenheim Museum in New York City, will focus on key topics for hedge fund managers and investors as they enter 2011, including sovereign debt, real estate, regulatory reform, foreign exchange, commodities and the emergence of new markets. In particular, panel sessions will look at the impact of the Federal Reserve’s second round of quantitative easing, the effect national deficits