DailyMarkets.com - LIBOR Scandal: NY AG Takes Center Stage

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• LIBOR Scandal: NY AG Takes Center Stage
• Central Bank News Link List – Aug 16, 2012
• Turkey Holds Rate, But Ups Limit For Lira Reserves In FX
• Crude Oil, Gold May Pull Back If Philly Fed Print Undermines QE3 Bets

LIBOR Scandal: NY AG Takes Center Stage Posted: 16 Aug 2012 06:37 AM PDT One might only guess that New York Attorney General Eric Schneiderman and his colleague NY Department of Financial Services' superintendent Benjamin Lawsky are not on the distribution list for the Wall Street-Washington Incestuous Regulatory Relationship mailings. That is a good thing. Hopefully other state regulators and attorneys general might take a cue from these two. On the heels of Lawsky playing hardball with the Standard Chartered – Iranian Laundromat, we now see Schneiderman doing … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Aug 16, 2012 Posted: 16 Aug 2012 05:58 AM PDT     Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news Central bank gold demand doubles in Q2 (Dow Jones) Chilean rate likely to hold as attention shifts to peso rally (Bloomberg) Czechs have luxury to cut rates more, policy maker says … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Turkey Holds Rate, But Ups Limit For Lira Reserves In FX Posted: 16 Aug 2012 05:18 AM PDT     Turkey’s central bank kept its benchmark one-week repurchase rate steady at 5.75 percent but eased its policy stance slightly by again raising the portion of lira reserves that banks can hold in foreign currencies and gold, a move that was expected by markets.     The Central Bank of the Republic of Turkey also said in a statement following a meeting of its Monetary Policy Committee that it kept its interest rate corridor unchanged but that it “may be narrowed … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Crude Oil, Gold May Pull Back If Philly Fed Print Undermines QE3 Bets Posted: 16 Aug 2012 04:23 AM PDT Talking Points Crude Oil May Decline as Firmer Philly Fed Print Dents QE3 Bets Gold Vulnerable if US Data Undermines Inflation-Hedge Demand Commodity prices are showing mixed cues in European trade, with traders now looking ahead to the US economic calendar in search for direction cues. The spotlight is on the Philadelphia Fed manufacturing activity gauge. Economists expect a narrow improvement in August, with the index rising to four-month high at -5.0 from a print at -12.9 in the prior … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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