Wall Street Criminals Continue Their Fraud And Theft: NO JAIL TIME – America’s Lawyer

To learn more about this topic, visit AL.Law Via America’s Lawyer: Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Transcript: Mike Papantonio: A new federal lawsuit filed in Manhattan says Goldman Sachs… Please follow and like us:

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Chinese Leaders Proclaim End To Government Bond Risk Backstop, Look To Detroit For Guidence

Xu Zhong, head of the People’s Bank of China’s research bureau, is in an unusual position. In a nation known for government intervention in free market forces, he recognizes the slippery slope of the moral hazard of the government bailing out risky lending practices. Looking at how local Chinese governments have become over-leveraged, he says the… Please follow and like us:

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Amid Euphoria In US, European Equity Managers Still Very Cautious

While US investors seem to be bullish on the outlook for equities, it seems European equity managers are more cautious on the outlook for stocks in the year ahead. Earlier this week, Bank of America issued its weekly client flow trends report, which showed that private clients purchased a net $1.3 billion of stocks last week… Please follow and like us:

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London investors may get access to Chinese bonds

Investors in London may get an opportunity to buy Chinese bonds on the Shanghai Stock Exchange, if a feasibility study proves positive. Sherry Madera, the City of London’s special representative for Asia, told journalists in the British capital on Tuesday that the feasibility study into the Shanghai-London connect will start soon. It could be the first… Please follow and like us:

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The Fed Boiling Frog Strategy

With the US Federal Reserve set to meet Tuesday and Wednesday, and interest rates expected to rise as a result, what will the rate hike path look like in 2018? To Bank of America Merrill Lynch’s Global Economist Ethan Harris, understanding the Fed and their future actions requires taking a long view that goes beyond one… Please follow and like us:

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Wall Street Criminals Continue Their Fraud And Theft: NO JAIL TIME – America’s Lawyer

To learn more about this topic, visit AL.Law Via America’s Lawyer: Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Transcript: Mike Papantonio: A new federal lawsuit filed in Manhattan says Goldman Sachs… Please follow and like us:

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Top Six Banks Spend $26 Billion On Bond Trading Technology

Technological prowess is becoming a powerful point of differentiation for participants in the US government bond markets. As the costs to drive a successful trading business in the niche have grown to significant proportions, a window is opening for smaller niche players, however, as the human touch is still required to succeed. Get The Full Ray… Please follow and like us:

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Foreigners sell off W3 tril. bonds in 2 days

Foreigners have sold off bonds worth over 3 trillion won in two days this week as the nuclear test of North Korea earlier this month has increased tension on the peninsula. The government and financial sources said the selloff is unlikely to lead to an exodus of foreign investors. But the financial market here is expected… Please follow and like us:

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RMB closer to international currency status

Exchange rate stability, nation’s reserve growth signs of yuan maturity With the exchange rate of the renminbi steadily rising, and the Belt and Road Initiative furthering Chinese investment overseas, China is approaching the day when it can promote the internationalization of its currency, said an adviser to the People’s Bank of China. Sheng Songcheng, a central… Please follow and like us:

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Belt, Road a path to financial integration

Financial integration is one of the five areas of cooperation priority for the China-proposed Belt and Road Initiative, but it seems this topic has not received the consideration it deserves. Rather, most analyses have focused on its ambitious infrastructure investment goals of the Belt and Road Initiative in the countries along the two routes, because big… Please follow and like us:

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Why Gold Is Trouncing Stocks This Year

Gold prices have surged $100 an ounce over the past seven weeks, closing Friday just under $1,300 an ounce, settling at their highest price in almost three months. A decline in the U.S. dollar following a speech by Federal Reserve Board Chair Janet Yellen in Jackson Hole, Wyoming, that failed to mention monetary policy, provided the… Please follow and like us:

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Why Asia Is The Future Of Global Banking

Nicolas Aguzin, chairman and CEO of J.P.Morgan, Asia Pacific, in this wide-ranging interview, discusses the steady progress in China’s financial liberalization efforts; challenges global banks face with already-huge Chinese players in the electronic payment space — like Tencent; why India’s Aadhaar system (biometric iris and fingerprint scanning), with 98% of the adult population registered, may become… Please follow and like us:

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280 CapMarkets Launches Muni Bond Trading and Pricing Platform for Advisors

Months before new Municipal Securities Rulemaking Board rules on transparency in the municipal bond market take effect, 280 CapMarkets plans to offer a free cloud-based service to help advisors find the most appropriate and best-priced municipal securities for their clients, starting this fall. (Related: SEC Approves Rules Helping Advisors Buy, Sell Bonds) “When an advisor searches… Please follow and like us:

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Payday Lender Taps Wall Street For Cash As Regulations Bite

A payday lender is looking for more ways to boost their lending. The alternative finance market has exploded since the end of the financial crisis. Traditional lenders and peer-to-peer lenders have blossomed as banks, constrained by regulation, have pulled back from certain areas of the lending market seeking better returns on capital elsewhere. Amid Predictions Revenue… Please follow and like us:

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China unlikely to see financial crisis

CAI MENG/CHINA DAILY Moody’s downgrading of China’s long-term local currency sovereign debt from Aa3 to A1 is badly timed, as it coincides with China’s efforts to attract foreign investment into the domestic bond market. However, China’s massive credit expansion has led to misallocation of credit and build-up of financial risks. The debt of the central government… Please follow and like us:

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