“The line of goods we’ve all been sold, that lawyers who regulate Wall Street can freely leave their posts to join Wall Street banks or their white-shoe defenders – that cops can morph into robbers without impairing their will to police – is the ...
If the editorial page editors of the Wall Street Journal had ventured out of the Ayn Randian opinion section into the real world of news in their own paper, they would have known by the time of penning this October 20 headline asserting a “shakedown,” that...
Despite Scandal, Wall Street Lines Up To Bid For LIBORJim Zarroli
Wall Street, the global financial community reeling from public outrage and increased regulation, is proving incapable of finding a champion to replace sidelined JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon. Dimon, 56, one of the indust
Another good fact. If it’s LIBOR plus a credit spread for the duration of the trade, less good but you can live with it if your P&L has the right revenue recognition characteristics. 7. What you’d now really like to do is enter into a large notional amount of longer-dated, short...
The Wall Street Journal weighed on the results of the Chicago mayoral election with this story, “Why Lori Lightfoot Became the First Chicago Mayor to Lose in 40 Years.” The subheadline is “Her battles with unions and Chicagoans’ fears about rising crime eroded support.” Word has arrived...
Libor’s Last Users Face Challenges as the Deadline for Its Demise Nears; Thirty days before the borrowing benchmark ceases in its current form, some U.S. companies are still contemplating transition work and options for extending its use Mark Maurer – The Wall Street Journal Companies that ...
Libor Scandal: Will Wall Street Run Out The Clock?Larry Doyle
What will be Wall Street’s punishment for fraudulently manipulating the LIBOR? Jul. 13, 2012 9:17 am By louisehartmann An analysis by Morgan Stanley finds that Wall Street stands to be hit with at least $22 billion in penalties over its involvement in rigging key interest rates that ...
The Wall Street Journal Prime Rate is an aggregate average of the variousprime ratesthat 10 of the largest banks in the United States charge to their highest credit quality customers for loans with relatively short-term maturities.1This combined rate is obtained by way of a market survey and p...