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Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago

MishTalk

Bank of England head Mark Carney faces a grilling from lawmakers tomorrow as Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago. The central bank said last week that an internal review has found no evidence so far that staff were involved in collusion. trillion-a-day foreign-exchange market.

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Argentine Central Bank Chief Quits in Currency Dispute; Hyperinflation On the Way?

MishTalk

On Tuesday evening, Argentine President Cristina Fernández accused Juan Carlos Fábrega, head of Argentina’s central bank, of " provoking a devaluation of the peso ". In response Head of Argentine Central Bank Quits. There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced.

Banking 69
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Can we rely on LIBOR? - Tom Spencer consulting blog

Tom Spencer

by Tom Spencer on March 6, 2012 · 4 comments  ·  Image Source. At this stage, it is unclear whether the investigations will uncover any wrongdoing, and Bremmer notes that no banks or individuals have actually been charged. Definitions. Helpful Links. Can we rely on LIBOR? in Economics. Should we overhaul LIBOR?

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Pettis on Strains in China's Banking System; Avoiding the Fall

MishTalk

Next year will be a very important year for China because possible strains in the banking system and the intensity with which the reformers present their case will give us a better sense both of how much debt capacity the country retains and of how well positioned Xi Jinping and his allies are to implement the needed reforms.

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Three Areas for Action by Wealth Managers

BCG

For 14 years, BCG has conducted a proprietary benchmarking survey of wealth management providers from all over the world, running the spectrum from small boutiques to the world’s largest wealth managers—and covering multiple business models, from onshore to offshore and from banking to brokerage. See Exhibit 1.).

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Italian Banks Hammered; Bad Loans Hit €201 Billion; End of Draghi PUT; Get Out Now!

MishTalk

Italian Banks Hammered Things don't matter until they do. For example, Bloomberg reports Italian Banks Lead European Decliners on Bad-Loan Concerns. Europe’s 46-member Stoxx 600 Banks Index decreased 1.9 percent to the lowest since November 2012, bringing losses this year to 15 percent. cents in Milan, a fresh record low.

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Regulator Fines Barclays for Gold Manipulation: Permanent Price Suppression?

MishTalk

million after accusing a former trader at the bank of improperly influencing gold prices at the expense of a customer. The process of setting the benchmark price for gold in London dates to 1919. It is set twice a day by five banks that serve as market makers, according to the London Bullion Market Association. Surprising?