SVB's failure is a textbook case of mismanagement, Michael Barr, the Feds vice chair for supervision, said in written testimony that will be delivered Tuesday at a hearing of the Senate Banking Committee.
Musk denied that he dictated terms of the compensation package or attended any meetings at which the plan was discussed by the board, its compensation committee, or a working group that helped develop it.
Fundamentals of most economies including emerging markets are not favourable at this point but if tapering is delayed to the end of this year, or start of 2014, it would be slightly positive for EMs from money flow perspective, believes Hans Goetti.
The central bank might continue its aggressive economic support and perhaps expand it.
Deaf and dumb are valid witnesses: SC