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POPSAlways Bet On The Hermès Ties Rob Cox gives a history lesson of why it is the investment bankers who usually come out on top in banking marriages no matter how good or bad the deal is, and the Merrill-BofA one doesn't look so great.
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POPSBofA CCB Stake Sale Scuttled By China Rule Not that that law exists by accident. It is intended to stop foreign investors in strategic Chinese industries selling key stakes. Next year, the lockups on two other Chinese banks expire, too.
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POPSCentral Banks At Risk Just Like Wall Street's Finest This really is a bucket of cold water. The author is Kenneth Rogoff, professor of economics and public policy at Harvard, writing in the U.K.'s Guardian newspaper. His core point is that central banks, in shoring up national banking industries by taking on financial firms' bad debt, are only putting themselves at risk.
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POPSGoldman Cuts View On 5 Top U.S. Investment Banks Tanona recommends a trade in which investors buy Morgan Stanley shares and sell Citigroup shares short. He says Morgan Stanley is one of the brokers best positioned for a market turnaround, while Citigroup will remain heavily exposed to mortgages and consumer credit issues.