Thursday, January 21, 2010
Financials down as earnings reports drive trading
FINANCIALS DOWN AS EARNINGS REPORTS DRIVE TRADING
Regional banks rally following better-than-expected quarterly results
from some of the group's key lenders.
OBAMA TO PROPOSE NEW LIMIT ON BIG COMMERCIAL BANKS
President Barack Obama proposes new limits on the size of
'too-big-to-fail' banks and the risks they may take, aiming to keep
banks from becoming so large that they put the broader economy at risk
and distort normal competitive
CREDIT-CARD FIRMS GET CRAFTY IN SKIRTING LAW
Between now and Feb. 22 when the new credit-card rules go into effect,
you'll see a lot of excited media types talking about all of the good
to come out of those regulations, but as a consumer you should worry
about what's still on the menu. The card issuers have been cooking up
all kinds of new things that their bottom line will find appetizing,
but that may make you sick.
GOLDMAN PROFITS TOP TARGET AS COMPENSATION TRIMMED
Goldman Sachs swings to a fourth-quarter profit that bests analyst
estimates, as lower-than-expected compensation levels boost the bottom
line.
GOLDMAN SACHS' U.K. STAFF MAY FACE BONUS CAP
Goldman Sachs' London-based employees are likely to face a cap on
their bonuses in response to the U.K. government's one-off tax on
payouts.
