News
Bernanke: Increasing risk premiums “probably healthy”
An increase in the premiums investors require to take risk is probably a healthy development, said US Federal Reserve chairman Ben Bernanke.
Sachsen LB board overhauled
In the wake of a takeover agreement with Landesbank Baden-Württemberg, the chairman of Sachsen LB's board of directors, Herbert Süß, has resigned effective from September 15 2007.
No sign of immediate end to volatility rollercoaster
Moves by central banks to inject liquidity into the troubled financial markets have been welcomed by investors, but grounds for pessimism still persist in the form of ratings actions on SIV-lite deals
Rating agencies face new Brussels probe
The European Commission has unveiled plans to conduct a review into the involvement of the rating agencies in the summer turmoil, but market participants sense some bandwagon-jumping