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	<title>Smart Incubator Blog &#187; Banking Industry</title>
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	<link>http://blog.smartincubator.com</link>
	<description>It pays to be smart.</description>
	<lastBuildDate>Thu, 22 Jul 2010 07:53:46 +0000</lastBuildDate>
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		<title>Euro Passes Stress Test as Debt Panic Ebbs, Bank Exams Loom</title>
		<link>http://blog.smartincubator.com/2010/07/euro-passes-stress-test-as-debt-panic-ebbs-bank-exams-loom/</link>
		<comments>http://blog.smartincubator.com/2010/07/euro-passes-stress-test-as-debt-panic-ebbs-bank-exams-loom/#comments</comments>
		<pubDate>Thu, 22 Jul 2010 07:53:46 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[greece]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[stress test]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=793</guid>
		<description><![CDATA[Europe may already have passed its biggest stress test. The euro has rallied 8 percent from a four-year low last month. Greece, Spain and Portugal have managed to sell 50 billion euros ($64 billion) of debt since May 10 when the need to save the single currency forced finance ministers to create a nearly $1 [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/07/euro-passes-stress-test-as-debt-panic-ebbs-bank-exams-loom/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Goldman Sachs Settlement `Victory&#8217; Ushers Change to Wall Street</title>
		<link>http://blog.smartincubator.com/2010/07/goldman-sachs-settlement-victory-ushers-change-to-wall-street/</link>
		<comments>http://blog.smartincubator.com/2010/07/goldman-sachs-settlement-victory-ushers-change-to-wall-street/#comments</comments>
		<pubDate>Fri, 16 Jul 2010 06:00:01 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[goldman]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[structured products]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=789</guid>
		<description><![CDATA[Goldman Sachs Group Inc.’s $550 million settlement with U.S. regulators yesterday will benefit the firm by ending three months of uncertainty at an affordable price. Now the rest of Wall Street begins calculating the cost. Investors welcomed the deal with the Securities and Exchange Commission, saying the company won key points: The cost was below [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/07/goldman-sachs-settlement-victory-ushers-change-to-wall-street/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>House Approves New Rules for Wall Street in 237-192 Vote</title>
		<link>http://blog.smartincubator.com/2010/07/house-approves-new-rules-for-wall-street-in-237-192-vote/</link>
		<comments>http://blog.smartincubator.com/2010/07/house-approves-new-rules-for-wall-street-in-237-192-vote/#comments</comments>
		<pubDate>Thu, 01 Jul 2010 05:57:52 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[lending]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=776</guid>
		<description><![CDATA[The U.S. House of Representatives approved the financial-overhaul bill, moving a step closer to enacting the broadest rewrite of Wall Street rules since the Great Depression. The House voted 237-192 in favor of the bill. It also will have to be approved by the Senate, which delayed action until after the weeklong July 4 recess, [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/07/house-approves-new-rules-for-wall-street-in-237-192-vote/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
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		<title>Goldman Suit Makes Wall Street Question Derivatives Sales</title>
		<link>http://blog.smartincubator.com/2010/06/goldman-suit-makes-wall-street-question-derivatives-sales/</link>
		<comments>http://blog.smartincubator.com/2010/06/goldman-suit-makes-wall-street-question-derivatives-sales/#comments</comments>
		<pubDate>Wed, 02 Jun 2010 16:19:57 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[goldman]]></category>
		<category><![CDATA[investment banks]]></category>
		<category><![CDATA[structured products]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=743</guid>
		<description><![CDATA[Wall Street’s biggest firms are considering the suitability of selling opaque financial products to governments, endowments and not-for-profit institutions after the contracts magnified credit-market losses that plunged the U.S. into a recession. “There is no distinction among very different groups of investors, and this is where things might change,” said Dino Kos, a managing director [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Clients Worried About Goldman’s Dueling Goals</title>
		<link>http://blog.smartincubator.com/2010/05/clients-worried-about-goldman%e2%80%99s-dueling-goals/</link>
		<comments>http://blog.smartincubator.com/2010/05/clients-worried-about-goldman%e2%80%99s-dueling-goals/#comments</comments>
		<pubDate>Thu, 20 May 2010 00:30:55 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[goldman]]></category>
		<category><![CDATA[structured products]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=736</guid>
		<description><![CDATA[“Questions have been raised that go to the heart of this institution’s most fundamental value: how we treat our clients.” — Lloyd C. Blankfein, Goldman Sachs’s C.E.O., at the firm’s annual meeting in May As the housing crisis mounted in early 2007, Goldman Sachs was busy selling risky, mortgage-related securities issued by its longtime client, [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/05/clients-worried-about-goldman%e2%80%99s-dueling-goals/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Bank Swaps, Libor Show Doubts on Europe Bailout: Credit Markets</title>
		<link>http://blog.smartincubator.com/2010/05/bank-swaps-libor-show-doubts-on-europe-bailout-credit-markets/</link>
		<comments>http://blog.smartincubator.com/2010/05/bank-swaps-libor-show-doubts-on-europe-bailout-credit-markets/#comments</comments>
		<pubDate>Tue, 11 May 2010 06:23:48 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[credit-default swaps]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Euro Zone]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[global markets]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=725</guid>
		<description><![CDATA[Money markets and the cost of protecting bank bonds from losses show investors are concerned the almost $1 trillion rescue plan announced by European leaders may not be enough to contain the region’s sovereign debt crisis. The Markit iTraxx Financial Index of credit-default swaps on 20 European banks was last at 130.5 basis points compared [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/05/bank-swaps-libor-show-doubts-on-europe-bailout-credit-markets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China May ‘Crash’ in Next 9 to 12 Months, Faber Says</title>
		<link>http://blog.smartincubator.com/2010/05/china-may-%e2%80%98crash%e2%80%99-in-next-9-to-12-months-faber-says/</link>
		<comments>http://blog.smartincubator.com/2010/05/china-may-%e2%80%98crash%e2%80%99-in-next-9-to-12-months-faber-says/#comments</comments>
		<pubDate>Tue, 04 May 2010 03:45:24 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Asia Economics]]></category>
		<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[Interest rates]]></category>
		<category><![CDATA[reserves]]></category>
		<category><![CDATA[stock market]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=710</guid>
		<description><![CDATA[Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst. The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy,” Faber said. The opening [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/05/china-may-%e2%80%98crash%e2%80%99-in-next-9-to-12-months-faber-says/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Calendar, Abacus Help Determine Size of Chinese Rate Increases</title>
		<link>http://blog.smartincubator.com/2010/05/calendar-abacus-help-determine-size-of-chinese-rate-increases/</link>
		<comments>http://blog.smartincubator.com/2010/05/calendar-abacus-help-determine-size-of-chinese-rate-increases/#comments</comments>
		<pubDate>Mon, 03 May 2010 03:17:13 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Interest rates]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=704</guid>
		<description><![CDATA[Have you ever wondered why Chinese monetary policy always increases rates by 18 or 27 bps? An article by Bloomberg in May 2007 clears the air on this. The People&#8217;s Bank of China today raised its one-year benchmark lending rate by 0.18 percentage point and its one-year depositrate by 0.27 percentage point. Why 18 or 27 [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/05/calendar-abacus-help-determine-size-of-chinese-rate-increases/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>With Goldman charged, rivals smell blood</title>
		<link>http://blog.smartincubator.com/2010/04/with-goldman-charged-rivals-smell-blood/</link>
		<comments>http://blog.smartincubator.com/2010/04/with-goldman-charged-rivals-smell-blood/#comments</comments>
		<pubDate>Thu, 22 Apr 2010 06:16:20 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[c]]></category>
		<category><![CDATA[financial scandals]]></category>
		<category><![CDATA[goldman]]></category>
		<category><![CDATA[investment banks]]></category>
		<category><![CDATA[structured products]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=702</guid>
		<description><![CDATA[Within days &#8212; perhaps even hours &#8212; of news that Goldman Sachs (GS.N) was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street&#8217;s most profitable bank. DEALS Investment bankers have been lobbying executives at state-owned Agricultural Bank of China and pushing officials in Beijing to drop [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/04/with-goldman-charged-rivals-smell-blood/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citi&#8217;s CDO risk &#8211; not recognized in time</title>
		<link>http://blog.smartincubator.com/2010/04/citis-cdo-risk-not-recognized-in-time/</link>
		<comments>http://blog.smartincubator.com/2010/04/citis-cdo-risk-not-recognized-in-time/#comments</comments>
		<pubDate>Fri, 09 Apr 2010 09:12:44 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Trading Losses]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[citi]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[structured products]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=696</guid>
		<description><![CDATA[Former Citigroup Inc. Chief Executive Officer Charles O. “Chuck” Prince said he wasn’t aware of the mortgage-related securities that caused the bank’s biggest losses until the financial crisis struck. Neither was Robert Rubin, the former U.S. Treasury secretary who headed the bank’s executive committee in the decade leading up to the crisis, he said at a hearing today [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2010/04/citis-cdo-risk-not-recognized-in-time/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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