A political row in Britain over fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the previous Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2008.
The Conservative-led coalition, trailing in opinion polls, has tried to pin part of the blame for the rate-fixing by bank traders on the government of former Labour Prime Minister Gordon Brown, questioning whether it directly or indirectly sanctioned the manipulation.
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Showing posts with label Market Update. Show all posts
Showing posts with label Market Update. Show all posts
Italian banks resilient to Spanish risks-UniCredit
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Market Update,
News
Italian banks are strong and there is no need to fear possible contagion from the troubles of Spain's banking sector, the general manager of Italian bank UniCredit (UCG.MI) said on Saturday.
Euro zone finance ministers meet to discuss a bailout of Spain's banks on Saturday, although officials have sought to emphasise that the Spanish troubles
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Euro zone finance ministers meet to discuss a bailout of Spain's banks on Saturday, although officials have sought to emphasise that the Spanish troubles
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Market Update | Weekly Recap - Week ending 08-Jun-12
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Market Update
Market Update | Weekly Recap - Week ending 08-Jun-12.
Dow +0.8%, S&P 500 +0.8%, Nasdaq +1.0%, Nasdaq 100 +0.9%, S&P 400 +0.9%, Russell 2000 +1.1%
On Friday stocks fought to reclaim the gains surrendered in the prior session. The broad market not only overcame an early loss, but managed to book a strong gain.
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Dow +0.8%, S&P 500 +0.8%, Nasdaq +1.0%, Nasdaq 100 +0.9%, S&P 400 +0.9%, Russell 2000 +1.1%
On Friday stocks fought to reclaim the gains surrendered in the prior session. The broad market not only overcame an early loss, but managed to book a strong gain.
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