Paulson Buys, Buffett Sells in Duel on SunTrust Banks (Update1)
Paulson Buys, Buffett Sells in Duel on SunTrust Banks (Update1)
John Paulson, who amassed a fortune by betting against U.S. mortgage markets, became the biggest stakeholder in SunTrust Banks Inc. while fellow billionaire Warren Buffett was cutting his stake in the Atlanta lender.
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Colonial Closes $760 Million Fund on Bad-Debt Risk (Update1)
Colonial Closes $760 Million Fund on Bad-Debt Risk (Update1)
Feb. 16 (Bloomberg) — Colonial First State , Australia’s biggest asset manager, said it will unwind an A$850 million ($760 million) mortgage-income fund because provisions for bad loans prevent any investor payouts for 18 months.
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Pimco’s Bill Gross Boosts Non-Dollar Developed Debt (Update1)
Pimco’s Bill Gross Boosts Non-Dollar Developed Debt (Update1)
Feb. 16 (Bloomberg) — Bill Gross , who runs the world’s biggest bond fund at Pacific Investment Management Co., increased holdings of non-dollar developed-market debt in January for a third month.
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Hungary’s Mortgage Plan May Fail to Curb Foreign Debt (Update1)
Hungary’s Mortgage Plan May Fail to Curb Foreign Debt (Update1)
Feb. 11 (Bloomberg) — The Hungarian central bank’s plan to encourage local currency lending and reduce one of the region’s main financial risks may fail because it lacks incentives for banks, economists at Aegon, Nomura and RBC Capital said.
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Corker Considers Reducing Fed’s Oversight Powers (Update1)
Corker Considers Reducing Fed’s Oversight Powers (Update1)
Feb. 12 (Bloomberg) — Senator Bob Corker , the lead Republican negotiator on legislation to overhaul financial regulation, said he is considering removing the Federal Reserve’s power to oversee banks.
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Fed Seeks Help From Money Funds to Drain $1 Trillion (Update1)
Fed Seeks Help From Money Funds to Drain $1 Trillion (Update1)
The Federal Reserve is in talks with money-market mutual funds on agreements to help drain as much as $1 trillion from the financial system as policy makers prepare for the first interest-rate increase since June 2006, according to a person familiar with the discussions.
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GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
Feb. 5 (Bloomberg) — GMAC Inc. , whose leader has called its money-losing mortgage unit “a millstone around the company’s neck,” may need to contribute more capital to the operation, according to Moody’s Investors Service.
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Obama Debt Market Catches Break as U.S. Auctions Peak (Update1)
Obama Debt Market Catches Break as U.S. Auctions Peak (Update1)
Feb. 8 (Bloomberg) — The Treasury’s decision to stop increasing the size of debt auctions may temper a rise in bond yields and bolster the economy just as the Federal Reserve withdraws emergency spending measures.
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Four U.K. Lawmakers Face Charges Over Expense Claims (Update1)
Four U.K. Lawmakers Face Charges Over Expense Claims (Update1)
Feb. 5 (Bloomberg) — U.K. prosecutors will charge four lawmakers over their expenses claims, escalating a political crisis that has engulfed all parties and damaged the reputation of Parliament.
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Categories: mortgage merge Tags: charges, Claims, expense, face, Four, lawmakers, over, U.K., Update1
Swine Acronym Ordered Out of Barclays Capital Reports (Update1)
Swine Acronym Ordered Out of Barclays Capital Reports (Update1)
Feb. 5 (Bloomberg) — At Barclays Capital, Piigs won’t fly. The securities unit of London-based Barclays Plc told analysts yesterday not to use the acronym for Portugal, Italy, Ireland, Greece and Spain in notes to clients, according to a memo obtained by Bloomberg News. The mandate from Valerie Monchi was sent to research staff.
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