Tag Archives: MarketWatch

MarketWatch – BNP Paribas Hit By $1.1 Billion Legal Provision – 14 February 2014

WSJ – MarketWatch

By Noémie Bisserbe

BNP Paribas SA Thursday announced an unexpected slump in fourth-quarter profit after it set aside a $1.1 billion provision against possible penalties for allegedly violating U.S. laws that restrict financial transactions with countries under economic sanctions.

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MarketWatch – BofA, Goldman Among Banks Facing $16 Billion In Fines – 12 February 2014

WSJ -MarketWatch

(Lucas : What only $ 16 Billion …. that should maybe be 16.000.000.000.000.000.000 Billion in fines… to make redundant all the banks that still continue their fraudulent schemes as if nothing has changed… we need no more the old ways to continue and buy-outs of accountability in settlements and paying pathetic fines…. We need change by skipping the system!)

By Sital S. Patel

NEW YORK (MarketWatch) — The settlements of lawsuits so far with major banks pave the way for some $16 billion in additional penalties to be paid by banks including Bank of America and Goldman Sachs Group over mortgage securities sold to government-seized housing giants Fannie Mae and Freddie Mac.

www.marketwatch.com / link to original article

MarketWatch – Broke Postal Service May Give Out Loans – 6 February 2014

WSJ – MarketWatch

By Christine DiGangi, Credit.com

In a report issued Jan. 27, the Office of the Inspector General explored the idea of having the U.S. Postal Service provide financial services to those underserved by the nation’s banking structure. Namely, the poor.

www. marketwatch.com / link to original article

MarketWatch – Dollar Rises Against Euro Ahead Of ECB, BoE Decisions – 6 February 2014

WSJ – MarketWatch

HONG KONG (MarketWatch) — The dollar edged up against the euro on Thursday, as markets eyed the European Central bank (ECB) and Bank of England (BOE)’s policy decisions due later in the day, while investors also watched closely Friday’s release of U.S. January employment report.

Read the full story at: www.marketwatch.com / link to original article

MarketWatch – China’s Strong Currency Problem – 5 February 2014

WSJ – MarketWatch

By Craig Stephen

Price adjustment looks inevitable

HONG KONG (MarketWatch) — As the taper-inspired rout in emerging markets continues, just how vulnerable is China? Thanks to its crawling peg to the greenback and a closed capital account, consensus thinking is this provides a line of defense to reversals in capital flows.

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MarketWatch – Nasdaq Halts Index, Option Trading Over Data Issue – 29 October 2013

By Wallace Witkowski

SAN FRANCISCO (MarketWatch) — Nasdaq OMX Group Inc. NDAQ +0.22% said Tuesday it is investigating a data dissemination issue that has frozen updates to the Nasdaq Composite Index COMP +0.21% and Nasdaq 100 NDX +0.27% , which both last updated at 11:53 a.m. Eastern. Nasdaq also said it has halted trading in SOX, OSX, and HGX options over the same issue. The Nasdaq Composite Index was last down 0.11 points at 3,940.02, and the Nasdaq 100 was last up 0.51 points at 3,383.19Read the whole story at :  Nasdaq rises on restart; S&P 500 near record

via www.marketwatch.com / link to original article

MarketWatch – Jamie Dimon On Life After J.P Morgan : No Plans To Run Another Big Bank – 15 October 2013

MarketWatch

Jamie Dimon has no plans to head up another major bank after being the chairman and CEO of J.P. Morgan Chase & Co.

That’s what Dimon told the audience at the Financial Women’s Association event last Tuesday during a “fireside” chat, when asked about his future, according to sources at the event.

Read the whole story at: blogs.marketwatch.com/ link to original article

MarketWatch – Why Uncle Sam Is Hoarding Gold The Treasury Says It Won’t Tap Its Gold Stockpile, Even To Avoid A Default – 5 October 2013

Market Watch

(Lucas : Uncle Sam Hoarding Gold? What Gold? There is none in the vaults … Let them show you the gold and get inspecting it physically and see if it is gold or fake gold, audits have been not allowed and real tests of the gold if it is there is any is not done…)

By Brett Arends

CORRECTION: An earlier version of this story misidentified a holding owned by the Appleseed fund.

Grab any Wall Street trader in a bar, or any portfolio manager in his office, and he’s likely to tell you gold is finished.

It’s silly, nothing more than a shiny metal, a substance with little use and little real value, a “barbarous relic,” and the stuff of nothing more than superstition. Only a fool would own any gold in his portfolio.

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MarketWatch – Fed Keeps $85 Billion Asset-Purchase Plan In Place – 18 September 2013

Market Watch

By Jeffry Bartash

WASHINGTON (MarketWatch) – The Federal Reserve on Wednesday held its asset-purchase program steady, putting off any decision for tapering until later in the year. By a 9-1 vote, the Fed plans to continue to buy $85 billion a month in Treasurys and mortgage-backed bonds. The central bank pointed to an elevated unemployment rate and said government spending cuts and rising mortgage rates are “restraining economic growth.” The Fed said it will wait for “more evidence that progress will be sustained” before it starts to cut its asset purchases. The move surprised economists, who had expected a “tiny taper” in a range of $10 billion to $20 billion. And Wall Street could be unnerved by renewed Fed concerns about the health of the U.S. economy. The Fed, in its statement, sought to reassure investors by noting gradual improvement in the economy over the past year. The bank said it still believes growth will accelerate in the near future.

Read the full story:
In surprise, Fed decides not to taper
Text of FOMC statement on Fed decision

www.marketwatch.com / link to original article

MarketWatch – Financial Stocks Rise, Fed Kicks Off Two-day Meeting – 17 September 2013

Market Watch

By Sital S. Patel

NEW YORK (MarketWatch) — Financial stocks rose modestly on Tuesday as technology stocks lead the broader market higher, the government reported low inflation figures in August and the Federal Reserve kicked off a two-day meeting.

The Financial Select Sector SPDR Fund XLF +0.12% , which tracks financial stocks in the S&P 500 SPX +0.31% , was up nearly 0.3% in premarket trading. Bank of America Corp. BAC -0.24%   climbed more than 0.4%.

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