“That was probably the most expensive artifact I’d ever get close to,” Cannon said. Until cable TV and the Internet opened wide the doors of the NYSE, few outsiders saw the boardroom’s art or what went on during the trading day. “The exchange was very exclusive, not unlike the U.S. Senate,” says Art Cashin, a UBS trader who has been on the floor since 1964. “You couldn’t take pictures from the floor of the exchange.
SP Tulsian picks Bajaj Finance as his multibagger
Like this story, share it with millions of investors on M3 SP Tulsian picks Bajaj Finance as his multibagger SP Tulsian believes in the next six months things will revive for the finance stocks and one can expect a target of Rs 1300 from Bajaj Finance. Post your opinion here Like this story, share it with millions of investors on M3 SP Tulsian picks Bajaj Finance as his multibagger SP Tulsian believes in the next six months things will revive for the finance stocks and one can expect a target of Rs 1300 from Bajaj Finance. Post your opinion here
Indiabulls Housing Finance to raise Rs 10,500 crore debt in Fiscal year 2014
The company, listed on the bourses last month, has been doing securitisation transactions for over three years but this year its share will increase, Banga maintained. Rates in the money markets have hardened following the Reserve Bank’s liquidity tightening moves aimed at reducing the speculation on the rupee. The NBFC got listed after the Indiabulls Group completed the reverse merger between Indiabulls Finance Services and Indiabulls Housing Finance. The housing finance firm had reported an increase of 31.35 percent in its June quarter net at Rs 351.5 crore due to a healthy increase in core net interest income.
NY finance official on the warpath against Native American payday lenders
* Russia’s Onexim group, owned by tycoon Mikhail Prokhorov, is in talks to buy half of mobile phone retailer Svyaznoy, Kommersant newspaper said on Friday, citing sources. * CVC Capital Partners Ltd and KKR & Co have expressed interest in buying Neiman Marcus Inc, the luxury retailer that filed for an initial public offering in June, Bloomberg reported, citing people familiar with the matter. () * Starboard Value LP, an investor in Smithfield Foods Inc , approached buyout firms and meat processors to encourage them to form a bidding group to derail a Chinese takeover, said two people familiar with the process, Bloomberg reported. ()
Market Chatter-Corporate finance press digest
Credit options have been reduced significantly since the financial crisis, he told TheDCNF. Peoples credit card limits are being reduced. Of course, the equity in their homes are wiped out, or if they still have any their home equity loans are being reduced There has been a tremendous amount of credit that has been taken out of the economy. Half of Americans in an emergency couldnt put together $2,000 in a week, he continued. You cant go to your bank and get a $2,000 loan. Most of our customers are looking for loans in the $500-$700 range, but theres no place you can get them. Lawskys aggressive pursuit of financial institutions have startled banks and federal regulators alike.