7 October, 2014 by The TZ Newswire Staff Comments Off on Banks to change rules governing derivatives market: FT
Banks to change rules governing derivatives market: FT
Eighteen banks, ranging from Credit Suisse Group AG (CSGN.VX) to Goldman Sachs Group Inc (GS.N), have agreed to give up the right to “close out” deals on derivatives contracts if a financial institution runs into trouble, the newspaper said, citing people familiar with the matter. The International Swaps and Derivatives Association (ISDA), the body leading the negotiations with regulators on behalf of the industry, said last month that a contractual solution for a temporary stay on derivatives “close outs” was progressing well.
7 October, 2014 by The TZ Newswire Staff Comments Off on A thousand miles apart, Janus bond chief Smith embraces Gross
A thousand miles apart, Janus bond chief Smith embraces Gross
BOSTON/NEW YORK (Reuters) – Before hiring star bond fund manager Bill Gross last month, Janus Capital Group Inc (JNS.N) Chief Executive Dick Weil took care to check with the bond chief he already had, Gibson Smith. Smith said he has embraced the idea, despite concerns in the industry that Gross may not be enough of a team player. Smith said on Tuesday he plans to stay at Janus, with his team intact, after Weil said continuity was important. Weil “wanted to maintain what we have built and not do anything disruptive,” Smith said.
7 October, 2014 by The TZ Newswire Staff Comments Off on A thousand miles apart, Janus bond chief Smith embraces Gross
A thousand miles apart, Janus bond chief Smith embraces Gross
BOSTON/NEW YORK (Reuters) – Before hiring star bond fund manager Bill Gross last month, Janus Capital Group Inc (JNS.N) Chief Executive Dick Weil took care to check with the bond chief he already had, Gibson Smith. Smith said he has embraced the idea, despite concerns in the industry that Gross may not be enough of a team player. Smith said on Tuesday he plans to stay at Janus, with his team intact, after Weil said continuity was important. Weil “wanted to maintain what we have built and not do anything disruptive,” Smith said.
7 October, 2014 by The TZ Newswire Staff Comments Off on Slow SEC Payouts Lead Whistle-Blowers to Go to Schneiderman
Slow SEC Payouts Lead Whistle-Blowers to Go to Schneiderman
The U.S. Securities and Exchange Commissions offer of huge payouts for details on Wall Street wrongdoing hasnt stopped whistle-blowers who want quick results from calling New Yorks top cop.
7 October, 2014 by The TZ Newswire Staff Comments Off on Slow SEC Payouts Lead Whistle-Blowers to Go to Schneiderman
Slow SEC Payouts Lead Whistle-Blowers to Go to Schneiderman
The U.S. Securities and Exchange Commissions offer of huge payouts for details on Wall Street wrongdoing hasnt stopped whistle-blowers who want quick results from calling New Yorks top cop.
7 October, 2014 by The TZ Newswire Staff Comments Off on Paul B. Farrell: ‘This Changes Nothing’: Capitalism still wins, climate loses
Paul B. Farrell: ‘This Changes Nothing’: Capitalism still wins, climate loses
GOP conservatives, Big Oil, Exxon Mobil, Koch billionaires, and every other hard-right climate-science denier must love Naomi Klein’s new book, “This Changes Everything: Capitalism vs. The Climate.” Why?
7 October, 2014 by The TZ Newswire Staff Comments Off on Paul B. Farrell: ‘This Changes Nothing’: Capitalism still wins, climate loses
Paul B. Farrell: ‘This Changes Nothing’: Capitalism still wins, climate loses
GOP conservatives, Big Oil, Exxon Mobil, Koch billionaires, and every other hard-right climate-science denier must love Naomi Klein’s new book, “This Changes Everything: Capitalism vs. The Climate.” Why?