Sweden’s financial regulator rejected government and central bank calls to raise risk weights on mortgage assets above the 15 percent already agreed on in the latest clash between policy makers and the watchdog. Click here to continue reading.
Our page 1 this week: Investors looking to boost returns are choosing notes tied to single stocks rather than to indexes. Inside: Issuance of credit-linked notes linked to South Korean government debt jumps to a nine-month high, and sales of yen notes betting on falling rates dry up.
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Compiled by Andrew Berens, MD, Senior Healthcare Analyst, Grace Guo, Bloomberg Industries and Elizabeth Krutoholow Raptor may secure a second regulatory nod this week for its drug Procysbi, which treats a rare disease known as for nephropathic cystinosis. The company won FDA approval for the medicine for the treatment of the rare metabolism [...]
Wall Street banks are expanding holdings of speculative-grade bonds as prices fall from record highs with investors retreating from ETFs. Click Here For More
The expansion of the number of ratings companies sanctioned to assess securities faced scrutiny May 14 as the U.S. Securities and Exchange Commission met in Washington to discuss Senators Al Franken and Roger Wicker’s plan to create a board to select which firms grade asset-backed bonds, rather than leaving it to the banks that pay [...]
JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world’s largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition. Click here to continue reading.
Guggenheim Investment Advisory, the $70 billion unit of Guggenheim Partners LLC, is searching for long-short equity and event-driven managers for allocations. Long-short equity is Guggenheim Investment Advisory’s “top risk-adjusted strategy pick for 2013” in an environment of decreasing correlations, according to Charles Stucke, chief investment officer of Guggenheim Investment Advisors and senior managing director of Guggenheim Partners, the New York- [...]
Fed Chairman Ben S. Bernanke indicated he has little appetite for a premature slowing of the central bank’s asset purchase program because of persistent weakness in the U.S. labor market and a general lack of confidence in the self-sustaining nature of the recovery. Click here to continue reading.
Detroit’s bond payments are “crushing” the city by hindering spending on public safety and are among the first liabilities that need to be addressed, emergency financial manager Kevyn Orr said. Click here to continue reading.