JPMorgan Chase
$13 Trillion in Obligations Show Shadow Banks Still Threat to Financial System
A report issued by the Federal Reserve Bank of New York shows that so-called “shadow banks" still hold more obligations than regular banks, representing a continuing threat to the financial system. Three years after the beginning of the financial crisis, the shadow banking system had about $16 trillion of obligations in the first quarter, compared [...]
Investment News Briefs
Palm (PALM) has put itself up for sale and is seeking bids for the company as early as this week, according to Bloomberg, which cites “three people familiar with the situation.” The report also says that the company has hired Goldman Sachs and the Frank Quattrone-founded investment firm Qatalyst Partners to find a buyer. The [...]
