Look out below: T. Rowe Price warns of correction in the New Year
Today's Breakfast with Benjamin: T. Rowe Price warns of correction, Deutsche Bank bans chat rooms, the first-ever hedge fund ad debuts, big banks sweating over the looming Volcker rule, and EU Commission levies heavy fine for rate rigging.
- T. Rowe Price is waving a big caution flag in calling for a market correction in 2014. Bracing for a decline of between 5% and 20%
- Deutsche Bank put the kibosh on fixed-income chat rooms as the rate-rigging probe continues. JPMorgan is weighing similar bans
- TopTurn Capital breaks the ice with the first-ever hedge fund ad. No investors were injured during the making of this commercial
- The Volcker rule’s ultimate impact on market-making hangs in the balance heading into next week’s vote. A white-knuckle moment for Wall Street banks
- World markets appear stuck in risk-off mode as all eyes train on when the Fed will start tapering its bond-buying program. Gold at a five-month low
- The EU Commission has slapped a $2.3 billion fine on six banks for rigging rates. Largest penalty to date for rigging financial benchmarks
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