WSJ: S&P Says Credit-Rating Proposal Could Create Conflicts
The Wall Street Journal reported that S&P’s president Douglas Peterson said a proposal to revise its business model would create new conflicts of interest and disrupt financial markets.
The Wall Street Journal reported that S&P’s president Douglas Peterson said a proposal to revise its business model would create new conflicts of interest and disrupt financial markets.
The Wall Street Journal reported that J.P. Morgan Chase head Jamie Dimon told a group of investors that he wants to retain his dual role as chairman and chief executive saying “this is what I enjoy.”
The Wall Street Journal reported that J.C. Penney is working with turnaround firm AlixPartners to help identify cost savings and manage cash flow as the retailer pursues a new loan to shore up its finances.
The WSJ reported that the leadership of MF Global Holdings, former executive Jon S. Corzine and two of his top lieutenants, is to blame for the brokerage firm’s demise.
The Wall Street Journal reported that William Dudley, president of the Federal Reserve Bank of New York, promoted a plan for the central bank to scale back the pace of its bond-buying program as the jobs market improves.
The Wall Street Journal reported that Royal Bank of Scotland, 81% owned by the British government, is set to present plans next week to float up to a quarter of its Citizens’ U.S. retail business.
The Wall Street Journal reported that Revel Casino law firm Kirkland & Ellis and investment bank Moelis & Co. to conduct the reorganization of a heavy debt load, which the Journal reported is approximately $1.2 billion.
The Wall Street Journal reports that the heads of major U.S. banks are sounding cautious notes about the next 12 months; however, some analysts tracking their companies don’t share the bankers’ persistent unease.
The Wall Street Journal reported that federal agencies are examining allegations that Regions Financial improperly classified loans that went bad during the financial crisis.