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Opening Bell: 11.03.09
Dealbreaker —
... Share in Cash and Stock (BusinessWire)
It's not just about having a well-maintained rail system and women with huge cans operating it: "Most important of all, however, it's an all-in wager on the economic future of the United States," said Mr. Buffett. "I love these bets."
Bank of America's Next Chief Executive May Be Based In New York (Bloomberg)
Now that they've taken "living in Charlotte" out of job requirement, will someone take this gig?
Fed Tells Bank To Adopt Pay Rules Early (FT)
The Beard suggests everyone get in line NOW: ...
Ackermann vs. Hoenig: Take It To The WTO
The Baseline Scenario —
... (an influential group, reflecting the interests of global finance in Washington) is opposed to breaking up big banks. According to the FT, he said, ...
Fed tells banks to voluntarily adopt pay guidelines is not a good idea
BloggingStocks —
... Against the backdrop of heightened public criticism, The U.S. Federal Reserve is trying to encourage banks to take the first step in controlling excessive pay and bonuses. Regulators have established broad guidelines for pay incentives and bonuses. However, they are quite loose and do not nail down any specifics. Regulators are trying to coax compliance before the end of the year. ...
