Ignored Greek Default Risk Makes Bank Stress Tests ‘Irrelevant’
European Union stress tests on the region’s banks are becoming “irrelevant” because they ignore the possibility of a default by Greece.
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European Union stress tests on the region’s banks are becoming “irrelevant” because they ignore the possibility of a default by Greece.
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U.S. financial regulators have in general properly estimated the costs and benefits of new rules required under the Dodd-Frank Act, according to internal agency watchdogs.
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Blackstone Group LP may finally get the payday for Graham Packaging Co. that it was denied last year as New Zealand’s richest man drives up the acquisition price.
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Company earnings will average 10% annual growth through 2013, facilitating hiring and investment, says JPMorgan Chase
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China’s lending was less than analysts forecast in May and money supply grew at the slowest pace since 2008, adding to signs that the world’s second-biggest economy is cooling.
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China’s economy is at risk of a “hard landing” after 2013 as efforts to spur growth through investment cause excess capacity, said Nouriel Roubini, the New York University professor who predicted the financial crisis.
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Taxpayers in the top 0.1 percent would save an average of $1.4 million under Presidential candidate Tim Pawlenty’s plan
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Citic Securities Co., China’s largest brokerage by market value, plans to acquire 19.9 percent of Credit Agricole SA’s brokerage units, CLSA and Credit Agricole Cheuvreux, for $374 million.
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The S&P 500 market index has suffered its longest losing steak since February 2009 as investors fret about the economy.
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon asked Federal Reserve Chairman Ben S. Bernanke whether regulators have gone too far by reining in the U.S. banking system and are slowing economic growth.
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