Post Profile

EL-ERIAN: Deutsche Bank is 'not a Lehman moment' (DB)

Deutsche Bank's current troubles will not turn into a "Lehman moment," a ccording to  Allianz's chief economic adviser, Mohamed El-Erian. El-Erian on Thursday told Bloomberg TV that the German lender's current turmoil will not lead to "a sudden stop to the global economy," like the one that followed Lehman Brothers' 2008 failure. For one thing, he said, the global banking system is stronger than it was in the years leading up to the financial crisis.
read more


Related Posts

Goldman In Talks To Hire Former Geithner Aide To Lead Communication Effort

Business & Finance : Business Insider: Clusterstock

Bloomberg reports that Goldman Sachs is in talks with former Geithner aide and Clinton Administration press secretary Jake Siewert to lead the bank's communications department. The group is currently headed by Luca Van Praag. Van Pr...

RED THURSDAY: European Markets Turn Into A Bloodbath

Business & Finance : Business Insider: Clusterstock

The European markets turned into a total debacle today. The Dubai default, and its effect on European banks, is the most-cited reason. WSJ: European shares recorded their biggest one-day drop since April on Thursday, with banks lead...

Ermotti Outlines Turnaround Strategy to UBS Investors

Business & Finance : DealBook

Sergio Ermotti, the new chief of UBS, outlined a much-anticipated turnaround strategy for the troubled bank, which in recent months has weathered the European debt crisis, global market turmoil, and a trading scandal that prompted t...

NIALL FERGUSON: The Fate Of Europe Is Riding On 'The Psychological State Of One German Woman'

Business & Finance : Business Insider: Clusterstock

JERUSALEM, ISRAEL--Last week, Harvard professor Niall Ferguson argued that volatility induced by the Greek elections could cause a "Lehman moment" in Europe, a wave of bank runs that could lead to either the collapse or resurrection...

Media World In Turmoil: Bloomberg Editor In Chief Out, Replaced With The Economist's John Micklethwait

Business & Finance : Zero Hedge

While hardly as attention grabbing as the events in Congress today, moments ago the newsworld was shaken following news that the Editor in Chief of Bloomberg news, Matt Winkler, would step down and continue as editor-in-chief emerit...


Copyright © 2016 Regator, LLC