Posted by admin / Under Financial Mail
U.S. private equity firm Bain Capital LLC is looking at investing in financial services companies in the Middle East, particularly in Saudi Arabia, a senior executive at the fund said on Tuesday. “It’s fair to say there are some opportunities in financial services in the Middle Eastern region we’ve looked at and we’ll continue to look at,” Steve Pagliuca, managing director at Bain Capital, told Reuters on the sidelines of a private equity conference. Bain Capital and Advent International recently agreed to buy the global merchant services business, which includes the payment business Worldpay, from Royal Bank of Scotland for...
Published on Wednesday 8th of February 2012 08:00:24 AM
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Posted by admin / Under Financial Mail
The European debt crisis has just gone to an entirely new level. Just when it seemed like things may be stabilizing somewhat, we get news of huge financial bombs being dropped all over Europe. Very shortly after U.S. financial markets closed on Friday, S&P announced credit downgrades for nine European nations. This included both France and Austria losing their cherished AAA credit ratings. When the credit rating of a country gets slashed, that is a signal to investors that they should start demanding higher interest rates when they invest in the debt of that nation. Over the past year it...
Published on Wednesday 8th of February 2012 08:00:24 AM
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Posted by admin / Under Financial Mail
I have received a few emails asking if I was still content with my decision to shut down my brokerage. Not only am I content, but after seeing the news that broke over the weekend, I am of the considered opinion that the entire financial blogging community should formally call for a general financial market strike. And I’m not kidding. A couple of things have happened regarding the MF Global mess that I don’t think got the attention they should have because they broke over the weekend. So let me fill you all in. First, all notions of personal property...
Published on Wednesday 8th of February 2012 08:00:24 AM
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Posted by admin / Under Financial Mail
Probe into Florida A&M death uncovers possible 'financial irregularities'By the CNN Wire Staff updated 5:41 AM EST, Thu December 15, 2011 **SNIP** "It became apparent (from) some of the people that we interviewed (that) the financial irregularities had to do with the band travels and other sports and administrative components of the university," he said. "To say it's systemic would be premature, but I will say again, it's not just isolated to this one program (band) that we're primarily dealing with today," Bailey told CNN. His department sent letters Tuesday to the heads of the university board and the state...
Published on Wednesday 8th of February 2012 08:00:24 AM
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Posted by admin / Under Financial Mail
With growing fears about the stability of the financial system, today King World News interviewed legendary Jim Sinclair. When asked about the ongoing crisis, Sinclair stated, “Well, the story this morning is we have it but we’re not going to spend it. We are not going to buy our own bonds, we’re not going to cap the rates, but we have it and we might use it. It’s like that every day. Those guys can’t get their story together for more than fifteen minutes. The ECB has the availability of funds for some activities in the euro bond market. They...
Published on Wednesday 8th of February 2012 08:00:24 AM
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Posted by admin / Under Financial Mail
"There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis." We're raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out. We raised it again after seeing the remarks of Mr. Mobius...he pointed to derivatives, the financial hairball of futures, options, and swaps in which nearly all the world's major banks are tangled up. Estimates on the amount of derivatives out there worldwide vary....
Published on Wednesday 8th of February 2012 08:00:24 AM
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Posted by admin / Under Financial Mail
… Inequality in America is greater than it has been in almost a century. Those fortunate enough to belong to the 1 percent, made up of the super-rich, stand on one side of the divide; the remaining 99 percent on the other. Even for a country that has always accepted opposite extremes as part of its identity, the chasm has simply grown too vast. Those who succeed in the US are congratulated rather than berated. Resenting other people's wealth is viewed as supporting class struggle, which is something very frowned upon. Still, statistics indicate that the growing disparity is genuinely...
Published on Wednesday 8th of February 2012 08:00:24 AM
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