Wall Street News
Gold falls lowest since December 2008. by Bloomberg: Gold plunged in New York, heading for the biggest drop in 18 months, on speculation that financial markets may be stabilizing, eroding the appeal of the precious metal as a haven. Bullion has tumbled more than 5 percent in two days, erasing gains in the past two … Read more
Wall Street News
Eight banks fails Europe’s stress test. by Guardian.Co.UK: Europe’s new banking regulator warned that an escalation in the eurozone crisis could pose “significant” challenges even as it announced only eight banks out of 90 had failed an annual check of their financial strength. A further 16 banks were also deemed to be in a potential danger … Read more
Wall Street News
British treasury plans for Greece to go bust. by The Telegraph: In an emergency debate, senior MPs from all parties demanded that Britain stand aside from a new rescue package for Greece and push for the country to leave the euro. Mark Hoban, a Treasury minister, admitted that “many scenarios were being considered”. He said … Read more
Wall Street News
Swiss, U.S. in talks on tax probe settlement. by Reuters: The United States and Switzerland are in advanced talks on a multibillion-dollar deal that would let several Swiss and European banks join a common settlement and avoid potential U.S. prosecution for helping wealthy Americans dodge taxes, senior persons briefed on the matter said. As part … Read more
Wall Street News
Nasdaq and ICE Drop Offer for NYSE Euronext. by Dealbook NY Times: Nasdaq OMX Group and IntercontinentalExchange announced on Monday they were withdrawing their bid for NYSE Euronext, after antitrust regulators said the deal would not gain the necessary approvals. “We took the decision to withdraw our offer when it became clear that we would … Read more
