Hana plans $1 bln rights issue to fund KEB takeover -paper

SEOUL, Dec 12 (Reuters) – Hana Financial Group
plans to raise around 1.2 trillion won ($1.05 billion) in a
rights issue to fund its $4.1 billion acquisition of Korea
Exchange Bank , the Korea…

Derivatives Clearinghouses Are Ruled By Secretive, Elite Group Of Bankers

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

Read more: Dodd Frank Act, Derivatives Clearinghouse, Derivatives, Financial Reform, Nasdaq, Banks, Regulation, Financial Crisis, Wall Street, Cftc, Oil Derivatives, Business News

Saudi still favors $70-$80 oil, OPEC holds supply

QUITO (Reuters) – Leading OPEC producer Saudi Arabia said on Saturday it still favored a $70-$80 price range for oil, a restatement of a two-year-old policy that will be welcomed by consumer nations worried that rising oil prices may get out of control and hamper global economic recovery.

UPDATE 1-Avid Technology to cut jobs, take charge

Dec 10 (Reuters) – Avid Technology Inc , which
makes digital editing software, plans to cut jobs in
lower-growth regions and markets, and take a charge in the
fourth quarter.

Brookfield sells Washington property to World Bank

TORONTO, Dec 10 (Reuters) – Brookfield Office Properties
, which manages office properties in the United
States, Canada and Australia, said on Friday it has sold an
office building in Washington to…

Joseph A. Smith, F.H.F.A. Nominee, Faces Uphill Battle To Reform Fannie & Freddie

If this Mr. Smith goes to Washington as head of F.H.F.A., he will face a monumental challenge at a crucial time: how to protect taxpayers from even greater losses incurred by Fannie and Freddie as Congress considers what to do with the companies. Since they collapsed into conservatorship in September 2008, Fannie and Freddie have received $151 billion in taxpayer assistance.

Read more: House, Freddie Mac, Senate, Congress, Lobbying, Mortgage Servicers, Joseph A, Edward Demarco, Banks, Smith, Wall Street, Fhfa, Too Big to Fail, Fannie Mae, Politics News