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Tuesday, May 22, 2012

Financial News 05/22/2012

• DHS: 850 nano Tesla geomagnetic storm would cost trillions of dollars
Daily Finance: Summer camp teaches finance to kids via simulations
Business Insider: FBI impersonation scams surpass identity theft
CNN Money: J P Morgan Chase loss now estimated to be $6-7 trillion
CNBC: Several large banks could be downgraded by Moody's shortly
• Zero Hedge: U.S. banks to refinance $60 billion at 3%+ as debt matures
• PWC: U.S. long-term interest rates to reach 5% by 2017
Reuters: Facebook shares shrank 11% on their second say of trading
Telegraph: Eurozone banks under-capitalized per BoE committee member
Bloomberg: Singapore investment bank forecasts 1-2 yrs of market stress

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