TOXIC ASSET INVESTMENT FUND NEWS

Yes, Citigroup lost billions in the financial crisis. And yes, it’s still swimming in toxic assets. But Bruce Berkowitz argues the worst is over.

Investors who had the guts to invest in U.S. stocks one year ago today are feeling pretty smug now. As well they should. Unless things take another major turn for the worse, March 9, 2009, will mark the bottom of one of the worst bear markets in history. The… Market trend - Stock market - [...]

Patricia A. McCoy, a law professor at the University of Connecticut, makes the case for setting up an independent Consumer Financial Protection Agency.

The circus of the recent resignations, the strange plans in the Green Party for the rotation of ministerial jobs and the on-again, off-again reshuffle has distracted political attention from a much more important issue that looms before the government: the messy, expensive and politically toxic job of fixing the country’s banks.

• Police find plenty of fish in barrel • Port commissioners give away asset • Wait for facts before judging Hyer • Ballpark owners agreed to remove signs

• Police find plenty of fish in barrel • Port commissioners give away asset • Wait for facts before judging Hyer • Ballpark owners agreed to remove signs

• Police find plenty of fish in barrel • Port commissioners give away asset • Wait for facts before judging Hyer • Ballpark owners agreed to remove signs

CASH-RICH Chinese banks are thought to be eyeing a bid for Northern Rock as figures this week confirm it as an increasingly attractive target.

Much as the British are treated to The Sound of Music on television every Christmas, we Americans get It’s a Wonderful Life. It stars the American icon and all-round good guy Jimmy Stewart playing George Bailey, a dedicated, honest banker. George’s bank faces a run based on a rumour – spread by the movie’s bad [...]

Contrary to reports, the British government would raise nowhere near £70 billion by selling its stakes in banks.