The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

WireTap 0900 04/01/12

A round-up of the key stories across the specialist financial media, including how investment banks are lowering expectations and cutting costs in Asia, which has been a region crucial to in recent years

Big banks lower outlook for Asia

Bowing to increased competition and weaker markets, investment banks are lowering expectations and cutting costs in Asia, a region that has been a crucial source of growth for the industry in recent years.

Click here for the full story

Japan, Australia rise sharply, but China falls

Japanese stocks began their 2012 journey on a positive note Wednesday as investors got their first chance to react to an upbeat start to global markets, while Chinese stocks struggled to rise amid lingering concerns about tight liquidity.

Click here for the full story

Fed to forecast rates for years ahead

The US Federal Reserve will start to publish forecasts of its own interest rates for years into the future, in a permanent shift in how the world’s most important central bank conducts monetary policy.
Click here for the full story

MF Global sold assets to Goldman before collapse: sources

MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions. But it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase & Co, one of the sources said.

Click here for the full story

Equity strategists see smaller S&P 500 gain in 2012 

Forecasters at securities firms are more conservative on U.S. stocks than any time in seven years, predicting the Standard & Poor’s 500 Index will rise 6.4 percent in 2012 as budget deficits around the world limit gains.

Click here for the full story

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree