Wikileaks' Julian Assange apparently has information on a major American Bank that is still running. The market seemed to suspect Bank of America today. Premiums on their Credit Default Swaps increased by 25 basis points and their stock dropped by more than 3%. All US banks took a hit today barring Citigroup, but Bank of America was seemingly most affected by the news. Check out the New York Times article (here) and we would love to hear your thoughts on if Wikileaks and Julian Assange are doing the right thing. Check out the poll above.
Good update of the days market stories. Europe debt crisis continues to drive these markets, as well as another security breach at Google scaring investors to sell out of their holdings in the tech firm. Check out the full article including an interesting note from the CBOE (here)
Bonaventure's Advanced Corporate Finance class just completed our project submissions earlier in the month. This blog is a result of that project. A couple of other students submitted some interesting projects as well. They are (here) and (here).
Kevin
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