Source: BBC Business
Casting beneath President Obama’s plan was a bearish market. For two consecutive days, US stocks had took a dive showing low confidence by market players. This fall immediately let to a sequel effect on Europe financial industry, as well as Japan’s Nikkei closing at a three weeks low.
Attention has been put onto recent large bonus payout in the financial sector and the scheme, tackling at large banks, is expected to limit and aggravate their investment options. While this proposal has not been imposed yet, we can very well conclude that it had generate fear into the boardroom of leading financial institutes.
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