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"Troubled euro zone banks probably need more aggressive capital injections to get through turmoil caused by Europe's worsening debt crisis, top investors said at a Bloomberg Markets 50 Summit on Thursday."
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"Investment bankers do not see it as their jobs to tend to the dreary business of making sure Ma and Pa Main Street get their $8.03 in savings account interest every month. Nothing about traditional commercial banking – historically, the dullest of businesses, taking customer deposits and making conservative investments with them in search of a percentage point of profit here and there – turns them on."
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"Overestimating our abilities can be a strategy for success, model shows."
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"Yes, I think that it’s fair to assume the reports of a liquidity crunch were pretty much on the money."
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"No one who has visited the United States since the war can fail to be impressed by the shopping centres developed there during the last 15 years. The Co-operative Wholesale Society recently sent out a mission to investigate the discount houses, the latest phenomenon in the field of retailing: but its report attached greater importance and permanent significance to the shopping centres."
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"The leaked figures showed a doubling of revenues year on year, but they still fell a long way short of the internal projections and are thought to have rattled executives to the point of delaying its flotation plans."
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"Preparing for the possible default or defection of three small countries from the euro does not mean that those countries would necessarily be abandoned. On the contrary, the possibility of an orderly default – financed by the other eurozone countries and the International Monetary Fund – would offer Greece and Portugal policy choices."
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"Average SAT exam scores for high school seniors dropped three points in reading, one point in math and two points in writing, the College Board reports. Reading scores are the lowest on record."
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"Ultimately, the difference between trading floor rogues and royalty is how their bets pay off, not whether they take extreme risks. As Leeson said, there’s no excuse for not catching rogue trading today or even 18 years ago: “a very simple check would have exposed it.”"
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"China is losing its edge as the world's cheapest place to manufacture goods, a new report suggests."
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"Retail sales contracted in the UK in August, with sales volumes down 0.2% in the month, latest official figures show."
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"A gauge of banks’ reluctance to lend to each other in Europe fell for a third day after Germany and France insisted they saw a future for Greece as part of the euro region."
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"German Chancellor Angela Merkel rejected joint euro zone bonds on Thursday as "absolutely wrong" and said restoring stability to the single currency bloc required a longer-term step-by-step approach."
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"Für das größte Euro-Mitglied Deutschland wurde die Wachstumsprognose von jeweils 0,5 Prozent in beiden Quartalen auf 0,4 Prozent im dritten und 0,2 Prozent im vierten Quartal reduziert"