Bernanke remains dovish in face of stability threats
Fed chairman says low interest rates are providing significant benefits to growth and heading off ‘incipient’ deflationary pressures; hints QE could be reduced soon, but only if data allow
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SBI Q4 net profit falls 18.5% State Bank of India (SBI), the largest commercial bank in the country, today said its net profit for the quarter ended March 31, 2013 fell by 18.5% from a year earlier to Rs 3,299 crore on account of higher provisions and decline in net interest income.
Fears grow over EM sovereign bond bubble Even investment bankers that orchestrate these bond sales are becoming concerned that the market is overly frothy as cash-rich fund managers seek out any securities that still offer some yield – almost irrespective of the risks.
Managers to leave Canaccord Genuity Departure of senior managers follows cultural change since Canaccord bought London mid-cap broker Collins Stewart Hawkpoint less than 18 months ago.
Deutsche Bank chief warns market bulls Jürgen Fitschen highlights the potential for shocks in the US and eurozone as stock markets turn abruptly negative after recent surge in confidence. *financial news were updated 17 hours ago
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