Financial and economic analysts on Tuesday expressed concerns over the looming ‘macro-economic instability’ in the country, saying patronage politics could make this year, which is a pre-election year, an economically harsh one. According to them, a lot of money being piled up by politicians for elections next year, would be […]
Author: InvestAdvocate
Banks face new probe over mortgage bond trades post 2008: WSJ
Federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry. The new investigation is a potential blow to the banks as they have already paid billions of dollars in penalties […]
Microsoft close to naming CEO, Ford’s Mulally stays put
Microsoft Corp (MSFT) is closer to naming a new chief executive, according to a source familiar with the board’s thinking, but it lost a front-runner candidate on Tuesday when Ford Motor Co’s (NYS:F) chief, Alan Mulally, said he would not be going to the software giant. Mulally’s comments reignited the […]
