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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: capital

capital stories: 12 news summaries

 US, Europe Clash 
 on Banking Reforms 

G-20 agreement on capital requirements likely to remain elusive

Sep 23, 09 4:16 AM CDT
(Newser) - The US and Europe are moving further apart on plans for post-financial crisis banking reform ahead of this week's G-20 summit, the Wall Street Journal reports. Both sides agree that banks should be required to keep more capital on hand to cushion them from crises, even at the cost of... More »

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capital • banking • financial institutions • G20 • bank regulation • financial crisis • Timothy Geithner

OPINION

Geithner, Summers Outline New Regulatory System


Jun 15, 09 8:33 AM CDT
(Newser) - The current financial regulatory system “is riddled with gaps, weaknesses, and jurisdictional overlaps,” Treasury Secretary Timothy Geithner and Obama economic guru Larry Summers write in today’s Washington Post. They outline, in broad strokes, their plan to fix it:
  • Capital and liquidity requirements will be raised
... More »

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Federal Reserve • capital • liquidity • regulation • securities • Larry Summers • bank regulation • Obama administration • Timothy Geithner

 Fed to Release 
 Stress Test Results Next Week 

Data will show potential losses in specific loan categories

May 1, 09 1:44 PM CDT
(Newser) - The US will learn the fiscal health of its 19 biggest banks Thursday, when the Federal Reserve and Treasury release the results of the “stress tests,” the Wall Street Journal reports. Delayed somewhat, the results will contain potential loss estimates in specific loan categories for each bank, and... More »

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Federal Reserve • capital • Treasury Department • credit crisis • loan • banks • stress tests

(Newser) - Federal Reserve regulators are urging Bank of America and Citigroup to raise more capital, based on their preliminary stress test results, sources tell the Wall Street Journal. Sources familiar with Bank of America say the shortfall numbers in the billions. But both banks are protesting, with Bank of America... More »

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Citigroup • Bank of America • Federal Reserve • capital • banking industry • stress tests

OPINION

 We Need New Leadership, Now 

Washington's following 'business as usual' amid crisis

Nov 23, 08 6:32 AM CST
(Newser) - Washington is carrying out “business as usual in the most unusual economic moment of our lifetimes,” writes Thomas Friedman in the New York Times. It’s time for our leaders to wake up to the enormity of the financial crisis, the real "weapon of mass destruction,"... More »

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capital • Thomas Friedman • confidence • economy • George W. Bush • financial crisis • President Obama • Timothy Geithner

Morgan in Talks to Keep Critical Mitsubishi Money

Japanese bank seeks more favorable terms for $9B investment

Oct 12, 08 6:19 PM CDT
(Newser) - Morgan Stanley scrambled today to keep an investment from a major Japanese bank as Wall Street held its breath, the New York Times reports. Japan’s Mitsubishi UFJ Financial Group agreed last month to invest $9 billion, but wants better terms after Morgan's market value plunged last week. The talks... More »

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mergers and acquisitions • Morgan Stanley • capital • investment • Mitsubishi UFJ Financial Group • financial crisis

Goldman Raises $10B After Buffett's Buy-in

New stock offering
nets twice as much
as bank expected

Sep 24, 08 11:01 AM CDT
(Newser) - Where Warren Buffett goes, investors follow. Goldman’s new stock offering pulled in $5 billion this morning, twice the $2.5 billion the firm expected, as investors followed Buffett’s lead, Bloomberg reports. That extra money, combined with Buffett’s $5 billion investment, “should quickly end credit-market debate about... More »

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Goldman Sachs • Warren Buffett • capital • Berkshire Hathaway • stock offering

Mitsubishi's $8.4B Will Buy Up to 20% of Morgan Stanley

Japanese firm reverses course, agrees to buy stake in Wall Street giant

Sep 22, 08 10:13 AM CDT
(Newser) - Japan’s Mitsubishi UFJ Financial Group has agreed to invest as much as $8.4 billion in Morgan Stanley, Bloomberg reports, in exchange for a stake of 10%-20% in the investment bank. The move by Mitsubishi—which last week said it planned to steer clear of investing in US banks—... More »

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mergers and acquisitions • Morgan Stanley • capital • investment • Mitsubishi UFJ Financial Group

Industry Shakeout
Clips Hedge Funds

It's a fund-eat-fund world as companies mature, face crunch

Jun 17, 08 3:22 AM CDT
(Newser) - A massive shakeout is transforming the world of hedge funds, the Wall Street Journal reports. Tougher market conditions mean smaller funds are merging or closing their doors, and new ones are facing difficulty getting started. The business, which mushroomed from a few hundred firms to 8,000 over a decade,... More »

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asset management • capital • financial markets • hedge fund • investment • capital markets

 Credit Agricole 
 Hoping to Raise $9B

Battered by subprime losses

May 13, 08 6:25 AM CDT
(Newser) - Subprime losses at Crédit Agricole’s Calyon investment bank are likely to prompt the French company to raise $9.17 billion in capital, reports the Wall Street Journal. A hit of $1.87 billion reduced its first quarter net profit to $1.38 billion from $1.82 billion... More »

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Europe • France • capital • subprime crisis • Credit Agricole

Merrill Deal Yields $6.2B
in Capital

Bank sells discounted stock to investors, sells division to GE

Dec 24, 07 1:07 PM CST
(Newser) - With another quarter of massive writedowns looming, Merrill Lynch today announced a deal to raise up to $6.2 billion by selling discounted stock to two investors. Up to $5 billion will come from Temasek Holdings, Singapore's state-owned investment company. The other $1.2 billion comes from money managers Davis... More »

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Wall Street • subprime mortgages • Merrill Lynch • capital • Singapore • stock price

Consumer Financial
Savvy Peaks at 53

Data shows the age of 53 is sweet spot for financial savvy

Mar 22, 07 11:57 AM CDT
(Newser) - Middle aged consumers make better decisions—and fewer mistakes—than their younger and older counterparts.  A study of  thousands of credit card and home and car loan documents shows that they are the most  likely to get the lowest interest rate available  and the least likely to pay unnecessary... More »

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personal finance • baby boomer • consumer • capital • experience • credit card • interest rate

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