Peter Hahn News
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Banks are leaving the panel that sets ISDAFix, the benchmark for the $379 trillion swaps market, as regulators probe suspected manipulation of the rate.
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In the five months after the U.S. published results of its 2009 bank stress tests, the Standard & Poor’s 500 Financials Index rose 25 percent. Five months after the European Union released its version, the Bloomberg Europe Banks and Financial Services Index is down 4 percent.
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Spain’s 41 billion-euro ($54 billion) rescue of lenders, prompted by record losses at Bankia, won’t spell the end of troubles for the nation’s financial industry as the economy remains mired in recession.
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Investment banks advising United Parcel Service Inc. and TNT Express NV on their blocked deal will miss about $55 million they were set to earn on the deal, which collapsed almost a year after the offer was first made.
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Chancellor of the Exchequer George Osborne will announce today who will be the next Bank of England governor, managing Britain’s economy and supervising its banks for the rest of the decade.
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Citigroup Inc.’s Vikram Pandit, leader of the U.S. bank that took the most government aid in the financial crisis and that has the worst stock performance over the past decade, is ready for a starring role at Davos.
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Dexia SA, BNP Paribas SA and Societe Generale SA are resisting pressure from regulators to accept more losses on their holdings of Greek government debt amid criticism they haven’t written down the bonds sufficiently.
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JPMorgan Chase & Co. and nine other banks may lose an estimated $120 million in advisory fees should BHP Billiton Ltd. ’s $40 billion hostile bid for Potash Corp. of Saskatchewan Inc. fail.
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Apple Inc. failed to get a preliminary ban on sales of Samsung Electronics Co.’s Galaxy 10.1N and Galaxy Nexus mobile phone from a German court.
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Apple Inc. failed to get a preliminary ban on sales of Samsung Electronics Co.’s Galaxy 10.1N and Galaxy Nexus mobile phone from a German court.
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