Friday, June 15, 2012

Some lawmakers have been betting against market, disclosures how

Welcome to the morning roundup. Here's a look at what's news in banking and finance.

Lawmaker bets. A number of Congressional lawmakers have been using leveraged funds to bet against the market, financial disclosure forms show, according to the Wall Street Journal. House Speaker John Boehner invested in Fannie Mae and Freddie Mac, and an Alaskan senator invested in a Greek bank.

Wall Street allure. Wall Street banks have lost some of their appeal to top graduates of some prestigious schools, but not Dartmouth, The New York Times says. Three of the school's four valedictorians are headed that way.

Capital rules. International banking regulators are set to finalize rules for so-called systemically important financial institutions on how much extra capital they will be required to hold, Bloomberg reports. It could be as much as an extra 250 basis points.

Greek elections. The European Central Bank is bracing for this weekend's elections in Greece, which could lead the country closer toward leaving the euro, the Financial Times reports. ECB President Mario Draghi has pledged to make sure banks have adequate liquidity in the aftermath.


Best Vancouver Mortgage Broker said...

In order to seek the greatest services of a mortgage broker, you can gladly contact friends and colleagues for recommendation so that they can advise you a trusted broker whose services you can count on. Best Vancouver Mortgage Broker