Blogs about FSA - Stockpickr! Your Source for Stock Ideas

Blogs about FSA

Blogs	Description	Date Updated
Market Awaits Kraft’s Cadbury Deadline	Kraft is expected to officially launch a hostile bid for Cadbury Monday, setting in motion a tussle for control. The lack of counterbids for Cadbury ahead of Monday’s FSA-imposed bid deadline for Kraft suggests Cadbury is “not as good a company as its management and many commentators believe it to be,” says Shore Capital, adding that Kraft’s original offer wasn’t as derisory as Cadbury suggested. Shore Capital says Kraft could still walk away and return with a low...	November 09, 2009
Morgan Stanley Trader Suspended After ‘Trading Under the Influence’	Matt Turner, of Financial News, reports: A trader who returned from a three-hour lunch involving alcohol and racked up big positions in oil futures, and then concealed the trades from employer Morgan Stanley, has the bank at the center of the second such scandal in the space of a week. The Financial Services Authority banned former freight and oil trader David Connor Redmond after he took out a large short position in West Texas Intermediate oil futures while under the influence of alcohol. He ...	May 20, 2009
From Wasserstein to Roux: The Kleinwort Dream Team	Harry Wilson and William Wright, of Financial News, report: Its alumni populate the higher echelons of the U.K. investment-banking industry. They have run U.K. regulator Financial Services Authority, the Shareholder Executive and the Takeover Panel. One of them is about to start running the London Stock Exchange. Another is chief of staff to President Barack Obama. We are, of course, talking about the Kleinwort name, which looks set to fade away in investment banking after the acquisition of Dr...	May 06, 2009
Today in the Lehman Diaspora: Boutiques Edition	Vivek Ahuja, of Financial News, reports: Two boutiques set up late last year by former Lehman Brothers bankers Jeremy Isaacs and Michael Tory have recruited eight staff from the defunct U.S. bank. Ondra Partners, the advisory firm set up by Tory, previously Lehman Brothers head of U.K. investment banking, in December recruited seven staffers including six former Lehman employees who left the bank after its collapse and takeover in Europe by Japanese bank Nomura Holding. The former Lehman recr...	March 30, 2009
Wall Street Rumors - March 30, 2009	Daily rumors covering the global markets. Subscribe to the update feed here. U.S. Forces Out GM CEO Wagoner The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. (NYSE:GM) Chief Executive Rick Wagoner and administer harsh medicine to Chrysler LLC, marking one of the most dramatic government interventions in private industry since the economic crisis began last year. Mortgage Defaults, Delinquencies Rise Defaults on home mortgages insured by ...	March 30, 2009
Short selling not a factor in banking beatdown	Filed under: ScandalsWith conspiracy theorists and corporate crybabies up in arms about short sellers and their exhibitionist twins -- naked short sellers -- manipulating markets and causing the collapse of companies like Bear Stearns, the man in charge of regulating the British market, says that's just a bunch of poppycock.Adair Turner, the chairman of the Financial Services Authority, said that the FSA's lifting of the ban on short-selling last Friday had not played a "significant" part in the...	January 22, 2009
Puncturing Pensions	Pensions are complicated. Necessarily so, because of the wide numbers of parties involved, and the contingencies involved (mortality, morbidity, asset returns, insolvency) over a long period of time. Anyone who has had a cursory look at the math (or regulations) behind setting pension liabilities, contributions, etc., knows how tough the issues are, and why real experts need to handle them. I’ve worked at the edge of the pension business for much of my career. I have designed defined...	August 10, 2008
Mean Street: KKR’s Henry Kravis Visits the Business Shrink	Life’s transitions often call for a little time on the psychiatrists couch. KKRs recent announcement that it would seek a back door listing on the New York Stock Exchange marks a big change for Henry Kravis and KKR. It’s drawn the inevitable comparison with the Blackstone Group. Kravis vs. Schwarzman. The going public battle of the private equity kings. But thats not whats actually going on. KKRs move seems more like an identity crisis. Faced with the decline of its core ...	August 01, 2008
Nikkei 225: Back to 12,000 As Japan Slips Into Recession	Contributors to Seeking Alpha such as Edward Hugh (Japan: Recession-Bound as Exports Slow?) and Claus Vistesan (How Much Longer Can Japan Fight Off Recession?), who are suggesting Japan could slip into recession, mirror the sentiments of Bank of Japan Board member Atsushi Mizuno who stated that Japan's economy could slip into a "light" recession at a July 24 news conference.Japan's Financial Services Agency [FSA] is recently taking (with justification) quite a bit of heat for exacerbat...	July 28, 2008
You Can Sue, But You Won’t Win	Now, I’ve never been a great fan of the financial guarantee insurers, or the rating agencies. Consider my post dealing with then over at RealMoney, Snarls in Insurance Investigation, Part 2. In it, three-plus years ago, I suggested that Eliot Spitzer should investigate the relations between the rating agencies and the financial guarantors. Now the City of Los Angeles is bringing a suit against the financial guarantors for forcing them to buy unnecessary municipal bond insurance. Oh, ...	July 24, 2008