 
Investors move out of Japan and US and into Europe
BofA Merrill Lynch fund manager survey finds bearish sentiment waning as risk appetite improves. Survey shows an almost neutral view on the prospects for a rise in global inflation in the next year. Asset allocators reduced their cash holdings. A net seven per cent were overweight cash in August, compared to 13 per cent in July and 19 per cent in June. |
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Don't bank on a 'turnaround' with financial reform
While nearly 60 per cent of those responding to a Turnaround Management Association Flash Watch Poll doubt the legislation will have substantial effect, almost 30 per cent expect the legislation will harm financial institutions by substantially decreasing their profits. |
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Rating agency’s CEO gives his 2c on the Dodd-Frank Act
“As Fitch addresses the enhanced regulation of the Dodd-Frank Act, as well as the increased expectations created by worldwide regulatory reform, Fitch will keep the market informed of its changes as they are implemented. Fitch expects to continue to make changes that will provide greater transparency, more rigorous processes and heightened verification of the information Fitch is provided by issuers and underwriters,” Fitch’s CEO says. |
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Investor confidence prevails in GCC
According to SHUAA Capital’s GCC Investor Sentiment Report, GCC confidence remains positive at 113.1 despite a dip resulting from wider global challenges. |
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Prepared testimony of Vikram Pandit, Citigroup's CEO before the Congressional Oversight Panel
Says US consumer credit remains an issue, particularly with respect to mortgages. Credit costs will likely remain a significant driver of Citi's results in 2010, particularly in North America, where credit trends will be driven by broader macroeconomic factors as well as the impact of industry factors such as CARD Act implementation and the outcome of the Government's Home Affordable Modification Program (HAMP) and other loss mitigation efforts. |
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