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| | | ... are using the government's guarantee and the lengths these firms go through to avoid paying the $1 million cap fee. "This [bank] guarantee has caused people to act in very strange ways. [In some cases] an investor that has around $5 to $10 million, has ... |
| | | | Phew! That wasn't stressing at all. In the end, the official announcement of the results of the stress test conducted on 19 of America's biggest banks became a sort of anti-climax for the equity markets. Where to from here? The verdict? Ten of the 19 ... |
| | | | ... Exchange, the June share price index contract was 44 points higher at 3,969. In economic news on Monday, the National Australia Bank monthly business survey for April and the Dun and Bradstreet business expectations survey are due. In company news, Incitec ... |
| | | | ... "treading water" after weeks of solid sessions. Mr Taylor said the local bourse had responded "relatively positively" to US bank "stress test" results, which showed that capital needs were lower than feared previously. He said there had been profit-taking ... |
| | | | ... $60 billion direct property market. Nearly half of 100 direct property fund managers said that the government guarantee on bank funding has hurt their business, either through increased redemptions or decreased inflows, according to new research by the ... |
| | | | ... manager and has managed money for institutional investors around the world for over 25 years. "Japan is a key market for The Bank of New York Mellon and our business is growing significantly in the region," said Jon Little, vice chairman of BNY Mellon ... |
| | | | ... Sydney Futures Exchange, the March SPI futures index was down 21 points at 3,892. In economic news on Friday, the Reserve Bank of Australia releases its quarterly statement on monetary policy. The Australian Office of Financial Management conducts a ... |
| | | | ... Woodside Petroleum ascended $1.75 to $43.75. Among the major banks, Westpac was 55 cents higher at $20.51, National Australia Bank was 41 cents richer at $22.28, and Commonwealth Bank found nine cents to $36.11. ANZ was four cents lower at $16.60 as ... |
| | | | ... this. Wall Street hates uncertainty. This tactic eliminates uncertainty at best and lessens it at worst. Who now cares if Bank of America - as rumoured - failed the test and would need to raise an additional US$34 billion in capital? Who now cares if ... |
| | | | ... week Treasury notes, and the Australian Bureau of Statistics labour force data for April is due. In Sydney, Federal Reserve Bank of San Francisco president, Dr Janet Yellen, addresses Australian Business Economists on "The Outlook for the United States ... |
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