December 3rd, 2009 23:52:20 GMT.

Dubai World Default Looming


Creditors are refusing to extend debt payments from Dubai World, threatening to prolong the debacle and increasing the chances of default on it’s $26 billion debt.


November 25th, 2009 23:15:58 GMT.

Risk of default soars for Dubai World


These are not the sort of headlines to inspire confidence in our newer better credit markets. This report from Bloomberg looks at Dubai World’s $59 billion worth of liabilities.


November 10th, 2009 20:20:10 GMT.

Bear Stearns hedge fund managers skate


The trial of the two Bear Stearns hedge fund managers who helped set off the financial crisis back in the summer of 2007 were found not guilt on all counts of conspiracy, wire fraud and securities fraud.


November 10th, 2009 16:25:54 GMT.

Dodd and Frank part ways on bank reform


Senate Banking Committee head Dodd wants a very Washington-centric banking reform bill, centralizing even more power in the Capital and adding a new layer of bureaucracy.


October 30th, 2009 17:27:24 GMT.

Banks tanking; Citigroup write-down feared


CNBC reports that one of the sell-side banking analysts says Citigroup needs to write-down $10 bln more in assets. A statement from Citi is expected. EUR/USD tested key 1.4715 support and is now stabilizing in the low 1.4730s.


October 22nd, 2009 15:06:50 GMT.

Treasury gives away the game


“Smoke and mirrors” is a well-worn Washington term, showing how politicians often use slight-of0hand or illusion to achieve their goals without the general public wising up to the game. Occasionally, someone just lays it out there, and it looks as … Continue reading


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