Wall Street sees Fed buying $1.25 trillion of assets in stimulus
NEW YORK (Reuters) – Wall Street is looking for the Federal Reserve to buy a total of $1.25 trillion of assets under its latest debt purchase program intended to stimulate the economy, according to a Reuters poll conducted on Friday.
http://feeds.reuters.com/~r/reuters/businessNews/~3/sHKyX9rlR54/story01.htm
Insider-trading trial of SAC Capital’s Steinberg to start November 18
NEW YORK (Reuters) – A federal judge has set November 18 for the start of the criminal trial of Michael Steinberg, the most senior employee of Steven A. Cohen’s hedge fund SAC Capital Advisors to be indicted for insider trading.
http://feeds.reuters.com/~r/reuters/businessNews/~3/5Muay07toMQ/story01.htm
Big four U.S. brokerage firms are thriving, not diving: report
NEW YORK (Reuters) – Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley , Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, analysts at Sanford C. Bernstein & Co. declared in a new report on Friday.
http://feeds.reuters.com/~r/reuters/businessNews/~3/Ll6NTsKPi9k/story01.htm