Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner

While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.

How Much Will Libor Suits Cost Banks?

Banks involved in London interbank offered rate benchmark, or Libor, manipulations could be liable for billions of dollars in lawsuits from a slew of financial firms and investors who were affected by the distortions, according to reports.
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Why Exactly Are Heads Rolling At Barclays? Libor Scandal Explained

Following the revelation last week that British banking giant Barclays was engaging in massive fraud meant to distort the Libor, the interest rate underpinning hundreds of trillions of dollars in credit transactions, politicians and regulators the world over are taking a sober look at the system. What they find may prove to be shocking.
Mervyn King

Bank Of England Cracks Down On Cheating Banks

The Bank of England (BoE) is cracking down on large financial institutions to prevent them from cheating businesses and consumers worldwide -- a practice that has put a $360 trillion global financial market at serious risk for several years.

British, US Banks Fall Hard On News of Barclays Fraud

Investors in Barclays PLC (NYSE: BCS) (London: BARC) lost over £4 billion Thursday as the British bank lost one-sixth of its market capitalization a day after international regulators announced the bank would have to pay hundreds of millions as a fine for an audacious price-fixing fraud some of its traders were found to have engaged in.
M & A

Mergers, Acquisitions Increase: Sunoco, Delta, Payless Shoe

Mergers and acquisitions are on the upstream as low interest rates, rising business and consumer confidence plus depressed prices for some assets have companies seeking buys that will allow them to expand or cut costs through synergy.
Guy Hands

Terra Firma To Buy Four Seasons Healthcare For $1.34B

Private equity group Terra Firma Capital Partners said Monday it would buy Four Seasons Health Care, the UK's largest independent elderly healthcare provider, for 825 million pounds ($1.34 billion) to take advantage of the growing demand.
Italy's weak bond auction on Tuesday spooked traders, causing a drop in the prices for the country's government bonds

European Banks May Be Forced To Sell $3.8 Trillion In Assets: IMF

European banks could be forced to shrink their balance sheets by as much as $3.8 trillion through 2013, or almost 7 percent of total assets, with a quarter of the deleveraging likely to come from cuts in lending and the remainder from sales of securities and noncore assets, the International Monetary Fund said Wednesday.
Visitors play a car racing video game during a visit at the Paris Games Week show in Paris October 21, 2011. The Paris Games Week will run from October 21 to October 25.

Game Warns It Could Be Game over

Struggling British video games retailer Game (GMG.L), denied new titles by suppliers, has put itself up for sale and warned shareholders their equity in the firm could be worthless.
Putin Wins Russian Presidential Elections

Emotional Putin Wins Russian Presidential Elections

Vladimir Putin triumphed in Russia's presidential election on Sunday and, tears rolling down his cheeks, called his victory a turning point that had prevented the country falling into the hands of enemies.
Experts believe U.S. stocks are already overvalued just three years into the bull market

Stock index futures point to a firmer start

U.S. stock index futures pointed to a firmer open on Wall Street on Wednesday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 0.1-0.2 percent at 4:58 a.m. ET.
Lloyds Bank

Lloyds Bank Posts £3.5 Billion Annual Loss

Lloyds, 40 per cent owned by the government after a state bailout during the 2008 financial crisis, reported on Friday an annual loss of 3.54 billion pounds, having made a profit of 281 million in 2010.


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