Word: morgane
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...hard to imagine the ECB pushing the quantitative easing boat as far into uncharted waters as the Fed has already done," said David Mackie, head of Western European economic research at JP Morgan, in a note to clients...
...research note, analysts at Morgan Stanley pointed to growing redemptions from university endowments that have found their portfolio allocations out of whack, thanks to plunging stock prices - a point reinforced today when Paul Tudor Jones's Tudor Investment Corp announced that it had suspended redemptions on one of its hedge funds...
...root cause of Zimbabwe's woes is the power struggle between President Robert Mugabe and the opposition Movement for Democratic Change, led by Morgan Tsvangirai. This, by itself, has been bad enough - Mugabe and his security services unleashed a campaign of violence that has killed more than 200 people when they lost control of parliament and Mugabe came second to Tsvangirai in a general election in March this year. (See pictures of the political crisis in Zimbabwe...
...Citi has not been marking its loans down to market value aggressively enough, the losses on its balance sheet could be even greater, which could be the case. "Though difficult to draw hard conclusions from comparisons between banks, Citi's marks appear less aggressive than J.P. Morgan's," wrote analyst John McDonald of Sanford C. Bernstein in a research report last week...
...billion in market capitalization, Citigroup has become a more digestible acquisition. Still, a number of the financial firms that would be interested are either hurting on their own and could not afford to add Citi's troubled loans to its books, or have just completed another acquisition. So cross Morgan Stanley, J.P. Morgan and Wells Fargo off the list...