Contrarian Investors' News: Financial Services - Upcoming stories

Top of their league: the brokers who can move markets

cij — Fri, 30 Jul 2010 08:03:24 GMT

Analysts who make the really big calls are few and far between, writes Michael Evans. Why? Conflict of interest.

Read more... | Original story | Votes so far: 3 / 0

Bank of England to cap mortgages

PeteD — Fri, 30 Jul 2010 08:03:24 GMT

"The Chancellor will announce that he will hand a host of new controls to the Bank to prevent another financial crisis. The powers will mean that, for the first time in the modern era, the Bank could impose restrictions on the amount banks can lend. "

Read more... | Original story | Votes so far: 2 / 0

Geithner Meeting Barnier on Basel III Presses Banks

PeteD — Fri, 30 Jul 2010 08:03:24 GMT

"new international rules being considered by the Basel Committee on Banking Supervision. In a statement after the talks, the two men affirmed their commitment to push for “stronger capital and liquidity requirements.” "

Read more... | Original story | Votes so far: 2 / 0

'Banned' financial advice payments to continue

cij — Fri, 30 Jul 2010 08:03:24 GMT

The ban in adviser commission will not be retrospective and will only come into effect in 2012.

Read more... | Original story | Votes so far: 2 / 0

Financial advisers to lose commissions

PeteD — Fri, 30 Jul 2010 08:03:24 GMT

"New laws will soon come into force which ban financial planners from receiving commissions and benefits which may cause a conflict of interest. "

Read more... | Original story | Votes so far: 2 / 0

Sovereign debt crisis at 'boiling point', warns Bank for International Settlements

PeteD — Fri, 30 Jul 2010 08:03:24 GMT

The risk is an "abrupt rise in government bond yields" as investors choke on a surfeit of public debt. "Bond traders are notoriously short-sighted, assuming they can get out before the storm hits: their time horizons are days or weeks, not years or decade. We take a longer and less benign view of current developments"

Read more... | Original story | Votes so far: 2 / 0

Three new players to offer cheap loans

PeteD — Fri, 30 Jul 2010 08:03:24 GMT

"A NEW generation of lenders are set to challenge the major banks, with three players flagging big moves on discount home loans. ". Let the craziness continue! Very aptly, one is founded by a Mr Gamble :) And hows this for a quote from First Folio's MD: "We've got unlimited funding".

Read more... | Original story | Votes so far: 2 / 0

Australia, next Iceland? "Tax breaks to woo banks"

cij — Fri, 30 Jul 2010 08:03:24 GMT

Everyone else are trying to downsize the financial service industry. Australia is thinking of up-sizing that industry. As this article says, "The measures, contained in a report delivered to the government yesterday, go against the international trend of raising bank taxes and restricting the growth of the financial services industry."

Read more... | Original story | Votes so far: 2 / 0

BIS - increased risk taking

PeteD — Fri, 30 Jul 2010 08:03:24 GMT

Article quoting BIS briefly mentioning 'excessive risk taking' rearing it's head again since the GFC. A worthy point. Although having inflation as a method for reducing debt burdens will hardly reduce risk taking - quite the opposite.

Read more... | Original story | Votes so far: 2 / 0

A dark privatised social security story: Astarra, the missing money and how examining

cij — Fri, 30 Jul 2010 08:03:24 GMT

Beware of this fund in your superannuation.

Read more... | Original story | Votes so far: 2 / 0