Greenspan: Don't use Fed as a 'magical piggy bank' (AP)

News  |  biz.yahoo.com | 1 hour 34 minutes ago

Greenspan: Don't use Fed as a 'magical piggy bank'. - WASHINGTON (AP) -- Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on the country's economic

http://biz.yahoo.com/ap/080905/greenspan_book.html?.v=2

UBS hires Kengeter to fill key vacancy

News  |  www.ft.com | 2 hours 56 minutes ago

UBS on Thursday filled a key vacancy in the senior ranks of its troubled investment banking unit with the hiring of Carsten Kengeter from Goldman Sachs to be global head of fixed income, currencies and commodities.

http://www.ft.com/cms/s/917923fa-7ad7-11dd-adbe-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F917923fa-7ad7-11dd-adbe-000077b07658.html%3Fnclick_check%3D1&_i_referer=&nclick_check=1

FirstLine Access Re-Launched

News  |  www.canadianmortgagetrends.com | 3 hours 39 minutes ago

CIBC's FirstLine division is re-launching its "Access" line of mortgages on September 8, 2008. These mortgages are designed for people who don't qualify for a "prime" mortgage. Here are the specs according to what we've seen so far:

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2008/09/firstline-acces.html

Monetary policy: Bank of England holds interest rates at 5% as Halifax reveals record house price drop

News  |  www.guardian.co.uk | 6 hours 30 minutes ago

City fears effect of weak growth but inflation still top priority as recession looms closer

http://www.guardian.co.uk/money/2008/sep/05/interestrates.bankofenglandgovernor?gusrc=rss&feed=money

Taylor Capital Group Announces Definitive Purchase Agreements for $120 Million of New Capital

Press Release  |  www.prnewswire.com | 6 hours 55 minutes ago

The Company previously announced that it had entered into a letter of intent with Harrison I. Steans and Jennifer W. Steans to raise capital to support its growth strategy. Harrison I. Steans is a former Chairman of LaSalle National Bank and NBD Illinois, and Jennifer W.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/09-04-2008/0004879345&EDATE=

Target Corp. buys Walsh Bros., U.S. Business Interiors

News  |  www.bizjournals.com | 7 hours 14 minutes ago

According to a press release on the Target Web site, the Minneapolis-based retailer purchased both Walsh Bros. and U.S. Business Interiors Wednesday. Calls to both companies were referred to Target's corporate office.

http://www.bizjournals.com/phoenix/stories/2008/09/01/daily46.html?ana=from_rss

Urgent Need for Infrastructure Standardization for Unified Managed Accounts

News  |  www.wallstreetandtech.com | 9 hours ago

UMA assets under management have grown to $127 billion, and investor managers and sponsor firms are projecting an increase to $355 billion in the next five years, according to a new report by Dover Financial Research.

http://www.wallstreetandtech.com/feed/showArticle.jhtml?articleID=210500061&cid=RSSfeed_WST_All

Florian von Hartig has been named an honored member in finance by Princeton Premier.

News  |  www.prlog.org | 10 hours 21 minutes ago

Florian von Hartig has been named an honored member in finance by Princeton Premier. Florian von Hartig, global head of debt capital markets for Standard Bank PLC, has been chosen for inclusion in the 2008-2009 Princeton Premier Registry.

http://www.prlog.org/10113763-florian-von-hartig-has-been-named-an-honored-member-in-finance-by-princeton-premier.html

Fox-Pitt analyst prefers Lehman holders retain mortgage stake

News  |  www.marketwatch.com | 10 hours 45 minutes ago

NEW YORK (MarketWatch) -- As Lehman Brothers Holdings Inc. (LEH) weighs options for its troubled $30 billion portfolio of commercial mortgage securities, some analysts believe the securities should be removed from the balance sheet - but not from shareholders' ownership.

http://www.marketwatch.com/news/story/fox-pitt-analyst-prefers-lehman-holders/story.aspx?guid=%7B96FEEE8C%2D7F64%2D4CCF%2DACB2%2D89EBCEF99FC3%7D&siteid=rss

Taylor Capital Group Announces Definitive Purchase Agreements for $120 Million of New Capital -

Press Release  |  www.zibb.com | 5 hours 55 minutes ago

Taylor Capital Group, Inc. (Nasdaq: TAYC), the holding company of Cole Taylor Bank, today announced that it has entered into definitive agreements with investors for $120 million in capital through the private placement of $60 million of non-cumulative, convertible preferred stock by Taylor Capital

http://www.zibb.com/article/3903085/Taylor+Capital+Group+Announces+Definitive+Purchase+Agreements+for+Million+of+New+Capital

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