- Big financial firms losing power on Capitol Hill
- Fade to blackstone
- Barclays chief warns on regulation
- Credit Suisse to sell Canary Wharf building
- Crude Oil Retreats After Reaching One-Year High Above $79
- CBOE Takeover May Have to Wait for Settlement of Ownership Suit
- London Agents ‘Sold Out’ as Home Asking Prices Jump to Record
- CIT Sweetens Exchange Offer
- Nobel Committee Chairman Draws Fire Over Pick
- Jay Leno’s new time slot wreaks havoc for NBC affiliates
Big financial firms losing power on Capitol Hill – Washington Post
Large banks are on the verge of losing a key legislative battle over the shape of financial reform, an unusual setback that reflects the continued political backlash over their role in creating the financial crisis.
The House Financial Services Committee is expected to vote Tuesday to let state governments protect bank customers by imposing restrictions that go beyond existing federal laws, according to congressional and industry sources…..
Fade to blackstone – NY Post
The Blackstone Group might b might be losing its mojo.
Steve Schwarzman’s mighty buyout firm is having a tough time raising money for a new leveraged buyout fund, according to people familiar with the matter….
Barclays chief warns on regulation – Financial Times
The chairman of Barclays has warned that Britain’s banks will be damaged if regulators are too rigorous in their implementation of a global crackdown on bonuses and capital requirements while other nations, such as the US, are lax.
“There is the real risk of regulatory arbitrage,” Marcus Agius said in a video interview as part of the Financial Times’s new series The Future of Finance….
Credit Suisse to sell Canary Wharf building - Financial Times
Credit Suisse has agreed to sell one of its Canary Wharf buildings to a consortium of Lebanese investors for more than £150m.
The sale and leaseback of 20 Columbus Courtyard in London’s Docklands is part of a strategy by the bank to sell non-core assets in real estate. Credit Suisse will remain in the building, having agreed a lease for 25 years on a rent linked to inflation……
Crude Oil Retreats After Reaching One-Year High Above $79 – Bloomberg
Crude oil fell after rising equity markets pushed prices to a one-year high.
Oil lost ground after topping $79 a barrel in New York, breaking its longest winning streak since July. U.S. supplies of distillates fuels such as diesel and heating oil fell from a 26- year high in the week ended Oct. 9, the Energy Department reported last week. Still, at 170.7 million barrels, they were 30 percent above the five-year average for the period…..
CBOE Takeover May Have to Wait for Settlement of Ownership Suit – Bloomberg
The Chicago Board Options Exchange will probably have to resolve legal challenges to its ownership structure before being sold, analysts said.
CME Group Inc., the world’s largest futures market, is “putting out feelers” about buying CBOE, a takeover that would give it the biggest share of trading in listed U.S. options, Crain’s Chicago said, citing people familiar with the discussions who it didn’t identify. A purchase may depend on CME’s Chicago Board of Trade resolving a lawsuit over how big a claim its members have on CBOE seats, analysts said…..
London Agents ‘Sold Out’ as Home Asking Prices Jump to Record – Bloomberg
London home sellers raised asking prices to a record high this month and led gains across the U.K. as the shortage of properties for sale intensified, Rightmove Plc said.
The average cost of a home in the capital rose 6.5 percent, the most since records began in 2002, to 416,157 pounds ($680,000), the owner of the U.K.’s biggest residential property Web site said today in a statement. Prices climbed 2.8 percent across Britain as transaction levels dropped by half from 2007…..
CIT Sweetens Exchange Offer – Wall Street Journal
To attract more bondholder support, CIT Group Inc. sweetened parts of its debt exchange plan, but even though some investors expressed satisfaction with the changes, the embattled lender could still end up in bankruptcy court.
The company offered scant detail in its announcement late Friday, and more information is likely to come on Monday when the company files the amendment with the Securities and Exchange Commission…..
Nobel Committee Chairman Draws Fire Over Pick – Wall Street Journal
Thorbjørn Jagland helped shepherd the Nobel Peace Prize to U.S. President Barack Obama, setting off a war over whether the award was deserved — and landing himself squarely in the crosshairs.
Mr. Jagland is the stoic Norwegian chairman of the five-member Nobel Peace Prize committee, which stunned the world when it honored Mr. Obama with this year’s award just months into his presidency. The announcement ignited a Nordic whodunit to determine what went on behind the committee’s closed doors…..
Jay Leno’s new time slot wreaks havoc for NBC affiliates – LA Times
Baltimore may be called Charm City, but for WBAL — the local television station that carries NBC’s “The Jay Leno Show” — there isn’t much to smile about lately.
Usually, WBAL is in a neck-and-neck race for viewers against arch rival WJZ. But since NBC debuted “The Jay Leno Show” in prime time five weeks ago, the station’s 11 p.m. newscast — where silver-haired Rod Daniels’ 25-year run as anchor is the longest in Baltimore history — has been shellacked in the ratings. Now WBAL is a distant second…..
Tags: Banks, Barclays, Blackstone, Canary Wharf, CIT, Credit Suisse, D.C., Nobel, Oil, Politics, Real Estate, TV, UK
