Recent for 10/27/08
- Dixon/Hadas: How to Control a Currency Panic [OPINION] · Edward Hadas and Hugo Dixon of Breakingviews.com argue that China, Japan, the United States and Britain should immediately rally world governments to defend target exchange rates or risk a complete breakdown in the global trade system. (NYT)
- Barclays Seeks Capital From Russian Banks · Barclays is reportedly pursuing investments from two state-backed Russian banks, VTB and Sberbank, in an effort to avoid selling equity stakes to the U.K. government to maintain capital requirements. Barclays said it plans to raise $10.43 billion from private sources. (WSJ)
- Deutsche Bank Loses $400M On Derivatives Bets · Deutsche Bank, Germany's largest bank, reportedly lost more than $400 million on equity derivatives trades as dislocations in capital markets diminshed investor demand for securities. The loss erases nearly half of the firm's second-quarter revenue from equity sales and trading. (Bloomberg)
- Credit Suisse Benefits From Lehman Collapse · Credit Suisse reportedly added $101 billion in assets to its prime brokerage unit during the third-quarter as hedge fund clients shifted assets from Lehman Brothers following its September 15th bankruptcy. (WSJ)