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Banking

Wiretap 1400 15/03/12

A round-up of the key stories across the specialist financial media, including news that those holding protection on Greek debt will receive around $2.5 billion.


Greek bond protection payout to hit $2.5bn

Investors holding insurance-like products as a protection against a Greek default – the world’s biggest sovereign debt restructuring – will receive about $2.5bn, according to market prices on Thursday.

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Jobless claims in U.S. decrease, matching four-year low

Claims for jobless benefits dropped last week in the U.S., matching the lowest level in four years, more evidence the labor market is improving.

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SEC cracks down on pre-IPO trading

Federal regulators are cracking down on an obscure but booming market for trading shares in companies before they go public.

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Goldman roiled by op-ed loses $2.2 billion for shareholders

Goldman Sachs saw $2.15 billion of its market value wiped out after an employee assailed CEO Lloyd Blankfein’s management and the firm’s treatment of clients, sparking debate across Wall Street.

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Corporate results support European stocks

A strong set of corporate results helped European equities consolidate recent gains on Thursday morning.

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