Eagle Eye Opener
Eagle Eye Opener: U.S. Government Uses Freddie Mac to Sue Big Banks on Libor Rate Charges; J.P. Morgan Endures Double Blow; England Braces for Sustained Austerity
The United States launched a government-backed lawsuit against 12 of the world’s biggest banks through Freddie Mac. alleging that global lenders colluded with the British Bankers Association to suppress the U.S. dollar Libor inter-bank interest rate.
Eagle Eye Opener: Cypress Expected to Veto Tax Levy on Savers; Russia May Punish Germany for Terms of Cypriot Bailout Plan; U.S. Homeownership Grows
European investors awoke to another cold slap in the face, Cypriot style, as the tiny island-nation’s parliament is expected to veto the European Union’s (EU) proposed bank levy today.
Eagle Eye Opener: Fed Backhands Big Banks; Federal Workers Face Salary Freeze; Japanese President Pushes Farm Subsidy Cuts
The U.S. Federal Reserve dealt an unkind blow to four of the largest banks, slapping their “stress test” capital plans back at them.
Eagle Eye Opener: Greek Unemployment Reaches 25%; European Market Hits New High
Greece’s national statistical authority released figures for the fourth quarter of 2012, which revealed that 26 percent of the country’s workforce was unemployed.
Eagle Eye Opener: Are Small Investors Too Jittery?; World Leaders in Smoking and Drinking Revealed; Mobile Phone Makers Step up Competition
Many individual investors have missed the recent rally completely because of the whole “Too Big to Fail” idea, James Bianco, president of Bianco Research, told CNBC Europe’s “Squawk Box” television program.
Eagle Eye Opener: Blackstone CEO Expects Real Estate and Auto Recovery; Greece Needs to Cut 150,000 Government Workers; Pharmaceuticals Become Target for Tax Revenue
Stephen Schwarzman, chairman and CEO of Blackstone Group (BX), divulged yesterday on CNBC’s “Squawk on the Street” that his company was betting big on a revival in the U.S. real estate market in 2013.