The Congressional agreement of the $700 Billion bailout plan has proved to be anti-climatic for the stock and currency markets. There was a relief rally in the US dollar Sunday evening, but it lasted for no more than a blink of an eye as more problems came knocking on the door for financial institutions. [...]

Posted in Bank of England, Bank of Japan, Bernanke, Bloomberg, British Pound, Canadian Dollar, Carry Trades, Fed Rate Cut Expectations, Federal Reserve, Forex News, Forex Podcast, Intervention, US Dollar, bank holding companies, bank safe, consumer confidence, consumer spending, dollar earnings, dollar intervention, dollar rally, euro, fed liquidity dollar, forex blog No Comments »

On Sunday evening, the Federal Reserve announced that Goldman Sachs and Morgan Stanley have become bank holding companies. Up until this weekend, they were the last 2 independent investment banks standing.

For Goldman and Morgan, this means that they come under a new regulation by the Federal Reserve. This [...]

Posted in Federal Reserve, Goldman Sachs, bank holding companies, morgan stanley No Comments »