Top Interest Rate Headlines 02-14-12: Philly Reserve Bank Head Warns Against Speeding Up Economy

Philadelphia Reserve Bank head warns against speeding up economic recovery
AP/The Washington Post
http://www.washingtonpost.com/business/economy/philadelphia-reserve-bank-head-warns-against-speeding-up-economic-recovery/2012/02/14/gIQA5y4HDR_story.html

Deal Size Becoming A Bigger Deal In Investment-Grade Bond Issues
By Katy Burne Of DOW JONES NEWSWIRES
Crowded into a corner by the pullback in trading on Wall Street, corporate-bond investors are finding there's safety in bigger deals. How easy it is to trade a bond has long influenced the performance of risky high-yield debt. But until recently, the investment-grade corporate bond market has remained relatively immune to concerns about liquidity,
http://jlne.ws/wJkwXU

Canada Examines How Benchmark Rates Get Set
BY BEN DUMMETT, PAUL VIEIRA AND JEAN EAGLESHAM - WSJ
Canada's top antitrust watchdog said it is investigating allegations of collusion in the setting of key benchmark interest rates, joining law-enforcement authorities across the globe in a probe of how the rates are set.
http://jlne.ws/zxM5xa

Foreign outcry over ‘Volcker rule’ plans
By Shahien Nasiripour in Washington and Tracy Alloway and Telis Demos in New York - Financial Times
US regulators are facing a flood of foreign complaints about the “Volcker rule” aimed at banning proprietary trading at banks, increasing the chances that the measure may be watered down.
http://jlne.ws/z7Gked

Foreign critics should not worry about ‘my’ rule
By Paul Volcker - Financial Times
I confess total surprise about the complaints by some European and other foreign officials about the restrictions on proprietary trading by American banks embedded in the Dodd-Frank Act – now dubbed the “Volcker” Rule.
http://jlne.ws/zyS8CQ

Greece far from safe even after debt swap
By Willem Buiter - Financial Times
On Sunday night, as Athens burned, the Greek parliament voted to approve an omnibus bill. It contained the main elements of an agreement with the Troika on fiscal austerity, privatisation and structural reform, and the recapitalisation of Greek banks. Was this a ‘make or break’ moment for Greece?
http://jlne.ws/x6TC35

Merkel Backs Indirect Regulation Of Shadow Banks
FOX Business
BERLIN -- German Chancellor Angela Merkel on Monday backed a proposal to indirectly regulate the shadow banking system prior to imposing direct regulation on institutions such as hedge funds and money-market funds that have traditionally been outside the scope of financial supervision.
http://jlne.ws/z38ufu

Moody’s threatens to downgrade UK
By Michael Mackenzie and Vivianne Rodrigues in New York and Jim Pickard in London - Financial Times
Moody’s put the UK, France and Austria on negative outlook late on Monday night, raising the prospect that the three countries would lose their triple A ratings due to exposure to the eurozone debt crisis.
http://jlne.ws/ApCsDQ

Rating Action: Moody's Adjusts Ratings Of 9 European Sovereigns To Capture Downside Risks
Press Release
http://jlne.ws/yEattM

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Top Interest Rate Headlines 02-13-12: Barack Obama Proposes U.S. Budget To Raise Taxes On The Wealthy

Barack Obama Proposes U.S. Budget To Raise Taxes On The Wealthy
The Telegraph
President Barack Obama has set out his stall for re-election, unveiling a proposed budget for the start of his second term that called for $1.5 trillion (£950 billion) in tax hikes on the richest Americans.

China says Europe debt crisis is now 'critical'
AFP via Yahoo! News
Europe's debt crisis has reached a "critical juncture", Beijing said on Monday, a day ahead of talks between Chinese leaders and European Union officials.
http://jlne.ws/zZjahn

Bankers arrested in UK tax fraud probe
By Daniel Schäfer in London - Financial Times
Tax authorities have arrested a number of investment bankers at Royal Bank of Scotland and other banks in an inquiry into alleged fraud.
http://jlne.ws/xZe6wd

Draghi's $158 Billion Free Lunch to Boost European Bank Profits
BusinessWeek
Banks are benefiting from a European Central Bank subsidy that could reach 120 billion euros ($158 billion), enough to pay every bonus at financial firms in London for the next 24 years at today's levels.
http://jlne.ws/wyqiAR

Georges Ugeux: Is the European Central Bank Playing With Fire?
The Huffington Post
Never in the history has so much money been poured in the direction of banks, most of which don't need it. It is becoming clear that European banks will use it, not to boost the economy, but to manage their balance sheet.
http://jlne.ws/xPlE3l

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Top Interest Rate Headlines 02-10-2012: S&P Downgrades 34 Italian Banks After Cutting Nation’s Grade

S&P Downgrades 34 Italian Banks After Cutting Nation’s Grade
http://jlne.ws/z5hbXn

Bernanke urges action to heal housing markets
http://jlne.ws/x6D7BK

Hedge fund manager charged with insider trading 
http://jlne.ws/w8wydA

U.S. Trade Deficit Expands 
http://jlne.ws/zUmfFH

Economists see Q4 jobless rate at 8.1 percent 
http://jlne.ws/zdCq3v

Consumer Sentiment Retreats in February
http://jlne.ws/y8Y1rD

Greek Laos Ministers Offer To Quit Government
http://jlne.ws/yoamRF

Fed Plays Wall Street Favorites in Secret Deals
http://jlne.ws/wi3bIl

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Top Interest Rate Headlines 02-08-2012: Bankruptcy lawyers: Student Debt Is Looming Economic Bomb

Bankruptcy lawyers: Student debt is looming economic bomb
http://jlne.ws/zcc4qg

ISDA media.comment: A Not-So-Noble Idea 
http://jlne.ws/vJgrL9

UBS to Claw Back Bonuses
http://jlne.ws/AgBWlQ

Will MF Global Customer Interests Be Crushed by Big Banks? 
http://jlne.ws/w3dPGV

Refi Activity Rises on New Record Low Rates
http://jlne.ws/x6raZT

Greek debt not sustainable with 70 pct haircut: S&P 
http://jlne.ws/Acsx4c

Faulty Loans Top $72 Billion as Banks Seek Deal With Regulators 
http://jlne.ws/wlSwJU

Oil and Gas Boom Lifts U.S. Economy 
http://jlne.ws/xdlZqo

Quadriserv appoints joint CEOs 
http://jlne.ws/x1XW71

BlackRock’s Fink Says Be 100% in Equities 
http://jlne.ws/zsVlqe

ECB still split on joining Greece debt deal: sources
http://jlne.ws/wOQIzZ

Fed may need to buy more mortgage bonds: Williams 
http://jlne.ws/w7Oq9Y

Newedge and MTS launch Agency Cash Management (ACM) platform for tri-party repo market
http://jlne.ws/y4Pqmx

AcadiaSoft to Go Live With 3 Major Asset Managers on OTC derivatives community, MarginSphere
http://jlne.ws/yY0dnn

Another Year of Fear for Municipal Bonds 
http://jlne.ws/xfjIJm

Bernanke-Led Economy Shows Critics Wrong About Fed 
http://jlne.ws/w1WmyY

Greek Party Leaders Pore Over Loan Deal 
http://jlne.ws/zvlTe6

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Top Interest Rate Headlines 02-07-12: Greece Works On Final Rescue Draft

Greece Works on Final Rescue Draft
Greek Prime Minister Lucas Papademos postponed a meeting with heads of the political parties supporting his caretaker government a second time in as many days as the government and international creditors haggled over terms to secure a second aid package.
http://www.bloomberg.com/news/2012-02-07/greek-officials-working-on-final-draft-to-meet-international-rescue-terms.html

EU Transaction Tax Is 'Undesirable,' Dutch Central Bank Says
BusinessWeek
The Dutch central bank said it opposes the introduction of a European financial transaction tax that it estimated would cost the nation's lenders, pension funds and insurers about 4 billion euros ($5.2 billion) and hurt economic growth.
http://jlne.ws/AgTEOy

IMF warns China on eurozone fallout
By Jamil Anderlini in Beijing - Financial Times
Economic growth in China could drop by half this year in the event of a sharp recession in Europe, the IMF predicted on Monday in a report that underscored the importance of global trade to the world’s second largest economy.
http://jlne.ws/xNqC8x

Rate Probe Keys On Traders
By JEAN EAGLESHAM, ATSUKO FUKASE and SAM HOLMES - WSJ
Investigators in a world-wide probe of how crucial interest rates are set are focusing on a small number of traders suspected of trying to influence other bank employees to manipulate the rates, according to people familiar with the situation.
http://jlne.ws/wh8ZV0

MF Brokerage Trustee Traces $105 Billion in Cash Movement
By Tiffany Kary and Linda Sandler - Bloomberg
Feb. 6 (Bloomberg) -- The $1.2 billion in MF Global Inc. customer funds estimated to be missing began to flow out of the brokerage on Oct. 26, five days before its collapse, as its computers and employees failed to keep up with margin calls and demands for collateral, according to a trustee’s investigation.
http://jlne.ws/xlfOwb

Challenges for MF Trustee
BY AARON LUCCHETTI - WSJ
A bankruptcy trustee investigating MF Global Holdings Ltd. said he faces huge challenges getting back an estimated $1.2 billion in customer funds drained from the securities firm before it collapsed.
http://jlne.ws/yIu5Yp

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Top Interest Rate Headlines 02-06-2012: Fed Officials to Meet on Capital One/ING Direct Deal

Fed Officials to Meet on Capital One/ING Direct Deal
http://jlne.ws/w2FNH5

Chinese Nod for Citi Cards May Signal Market Opening
http://jlne.ws/xCzvou

IMF's Blanchard Warns Of 'Deadly' Feedback Loop In Eurozone
http://jlne.ws/zYDWoR

MF Global shortfall worsened as bankruptcy neared
http://jlne.ws/xKEBoc

Hedge Funds Underestimate Policy Makers’ Will to Impose Greek Bond Losses 
http://jlne.ws/z0jVQ9

Weekly T-Bills Go At 0.080%, 0.100%
http://jlne.ws/zp0Pec

Greece on the brink
http://jlne.ws/zN1D09

Charles Schwab: The Fed Votes No Confidence
http://jlne.ws/xeCSZP

IMF Urges Beijing to Ready Bold Moves
http://jlne.ws/xtLjGT

JPMorgan settles overdraft fee case for $110 mln
http://jlne.ws/xk3MMK

Bullard Says Rate Policy Assuming Economic Slack Risks Disaster
http://jlne.ws/yJ67Hg

States have until late Mon to agree to deal to relieve homeowners struggling with mortgages bigger than home's value
http://jlne.ws/wzzs0t

The Volcker Rule: Let’s get it right
http://jlne.ws/w63P1a

Derivatives Entrepreneur to Launch Swaps Exchange 
http://jlne.ws/w9hkbd

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