Credit Suisse, Goldman and Major Broker-Dealers Are Building a Margin Messaging System
Fifteen of the 16 major broker-dealers have been quietly working to build an automated framework for collateral management. The group plans to roll out a messaging system for margin calls early next year.
Yang to step down as Yahoo CEO
Jerry Yang’s troubled tenure as chief executive of Yahoo Inc. ended Monday, when the Internet giant announced that he will step aside and that its board of directors is seeking a replacement.
David Weidner’s Writing on the Wall: Beware of hedge funds’ Washington whispers
Wall Street’s rumor mongers aren’t bothering to whisper anymore. Top hedge-fund managers came right out and said a lot about their strategies and motivations, before a Congressional committee.
Rise in borrowing rates halts
After rising for much of last week, key lending rates hit the brakes Monday. Treasurys rose at the beginning of a week that economists expect will deliver a slew of ugly economic indicators.
The bear market goes global
Is the international investing game over?
5 ways to tame your market fears
Lisa DeAngelis and Randall Cobb look like investing geniuses right now. While the S&P 500 has dropped more than 40% since last year’s peak, the Atlanta couple’s retirement portfolio is sitting pretty, earning 4% or so a year.
