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From the criminal indictment just filed in a Manhattan court, charging four SAC Capital corporate entities with responsibility for insider trading conducted at “various times between in or about 1999 through at least in or about 2010″… Read more
Live markets commentary from FT.com
Bo Xilai was charged today with several counts of corruption and abuse of office || RBS is weighs dispensing its freestanding investment banking operation || The UK economy grows 0.6 per cent || South Korea GDP rises 1.1% || Barclays close to securing 2014 capital deadline || Euro Zone holds off on payment to Greece || US regulators’ muni case setback by UBS sentencing || ‘Fabulous Fab’ takes to witness stand || Google announced a $35 streaming TV device || Failed ETF trades surge || China announces a ‘mini-stimulus’ || Facebook beats Read more
Scott Skyrm noted on his blog earlier this week that it took only six months of Fed QE purchases to move GC rates from an average of 0.24 per cent in December 2012 to an average of 0.05 per cent this month.
There is, consequently, a growing distortion in the short-term funding markets, which is clearly one of the first unintended consequences of the QE programmes to surface: Read more
Asian stocks fall || Bo Xilai charged || UK GDP today || RBS may integrate investment banking with corporate || South Korean GDP beats || Barclays nearing 2014 leverage ratio deal || Facebook Q2 beats || Eurozone delays Greece payment decision || ETF trade fails rise || China’s ‘mini-stimulus’ Read more