THE FINTAG NEWSLETTER @ 09 November 2009

superdry

FINTAG COMMENT

Now where was I.

Bullionvault.com is the new retail haven of safety ….RBS should have gone the way of Lehman …EU Directive is pants and whoops of whooping are heard all over Mayfair …Hedgies are on the streets fighting over Lehman cash …

FINANCIAL NEWS

financial news

New international guidelines on the way investment banks pay their staff could prove to be “unworkable” and are unlikely to lead to the level playing field for compensation across the industry that regulators are hoping to create, according to industry professionals and consultants.

Fintag says
Income and Pricing policies were big in the 1970s but soon abandoned because controlling wages doesn’t work.

The ultimate problem is the banks are too big. They need to be broken up and regulated pre Clinton.

It is very obvious.

cityam says ” No to Tobin “

times says ” I’m doing ‘God’s work’. Meet Mr Goldman Sachs “

BAD CREDIT CARD DEBTS ‘WILL SOAR’

bbc

Bad credit card debts may reach as much as 9% of all outstanding balances by the end of next year, an accountancy firm has said.

“Bad debts in the sector have reached historic highs,” according to PricewaterhouseCoopers. The figure stands at about 6% now.

This is despite the fact that there has been a “cooling passion” for credit cards, with borrowing down 3% to £64bn.

Fintag says
Low rates mean this isn’t going to be a big problem. I thought it would be; it isn’t.

CITI SAID TO EYE RELAUNCH OF HEDGE FUND UNIT

dealbook

Citigroup is preparing to relaunch its hedge fund business operations, after months of debate on the unit’s future, The Financial Times reported.

The move comes after two years of performance problems and investor unrest at the unit, Citi Alternative Investments. Now, it seems, the only problem facing Citigroup executives is what to name the unit, which has $14 billion of assets under management.

Fintag says
Pandit only knows hedge funds. Makes sense.

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