Research on information economics and securities markets dating back to Stigler argues that trading will tend to centralize in major market centers such as the New York Stock Market (NYSM). The NYSE’s recent mergers with Archipelago and Euronext bring questions about the viability and effects of competition between stock exchanges to the policy forefront. We examine the largely forgotten but unparalleled [...]

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April 22, 2010, 3:10 PM EDT April 22 (Bloomberg) — BB&T Corp., the second-largest bank based in North Carolina, dropped the most in six months as profit fell 39 percent on commercial real estate defaults and reduced home lending. BB&T declined $1.28, or 3.7 percent, to $33.82 at 2:20 p.m. in New York Stock Exchange [...]

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There was a lot of negative news affecting banks, mortgage companies and to a lesser extent, investment brokerage firms, such as sub-prime debacle, rising mortgages, rising interest rates, and an excess inventory of real estate. However, in the financial services industry, there has been a group that is somewhat overlooked, life insurance companies. there is [...]

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