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Senator’s concern may complicate Wall Street bill vote
Vote No to the Financial Reform bill.
There’s been a momentum shift and it’s time for Republicans to seize the moment. There’s a glimmer of hope for us as a country in not making a huge mistake with passing this Fin Reg bill. In its current form, it’s an abomination of more-failed-big-government-central-planning dictum, and attacks on [...]
Goldman unlikely to settle Timberwolf: source
NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) may be looking at new legal headache, as settlement talks with an Australian hedge fund that invested $100 million in a now toxic mortgage-linked security appear to be breaking down, a source said.
Lawyers working for the Basis Yield Alpha Fund could file a lawsuit against Goldman [...]
Mexico sees no quick victory in drug war
(For other news from the Reuters Latin American Investment Summit, click here)
* Countries can take 6-8 years to crush crime gangs
* Security minister hopes for progress in Ciudad Juarez
* Zetas gang is now a full-blown cartel, government says (Adds quote, details on Zetas and drug fight)
by Anahi Rama
MEXICO CITY, [...]
Russia's VTB exercises caution, looks to Asia-INTERVIEW-UPDATE 1
Trade the News
Friday March 26, 2010 12:13:14 AM GMT
* Aims to borrow less and at cheaper cost
* Plans to raise $1.25 billion abroad, $1.8 bln at home
* may not return to Eurobond market in 2010
* wants Asian investors to provide 25 percent of debtportfolio
By Oksana Kobzeva and Dmitry Sergeyev
[...]
Alpha Bank profit lags on recession, provisions
* FY 2009 net profit after one-off tax down 31.7 pct
* FY Net interest income drops 2 pct to 1.763 bln euros
* Provisions up 24.8 pct to 676.3 mln euros
(Adds CFO comment and analyst comment, details)
by George Georgiopoulos
ATHENS, March 16 (Reuters) – Alpha Bank (ACBr.AT), thethird-largest lender in recession-hit [...]
(AFX UK Focus) 2010-03-05 11:06 Russia’s VTB sees lending growth from mid-Q3
MOSCOW, March 5 (Reuters) – Russia’s VTB, the country’s second-biggest lender, expects its loan portfolio to start growing in the third or fourth quarter after provision charges peak in June, the bank’s head said on Friday. Loss-making VTB hopes to return to the black in 2010 as provisions for bad loans are likely to stop [...]
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