Price Adjustments | InvestmentWatch

CITADEL Latest Firm to Report ‘Significant’ Losses

Citadel Securities, the retail arm of Ken Griffin’s Citadel Investment Group, has become the latest firm to report “significant losses” from Facebook trades on behalf of clients, according to people familiar with the situation.

News of Citadel’s losses comes a day afterKnight Capital disclosed that it could incur losses of $30-$35 million in the second quarter on Facebook [FB 33.03 1.03 (+3.22%) ]trades alone.

Citadel’s losses were said by one of the people to be in a similar range. Both [...]

Morgan Stanley: If Clients Overpaid For Facebook Shares, They Will Get An Adjustment

NEW YORK (Dow Jones)–Morgan Stanley (MS) is reviewing orders placed by its retail brokerage clients for shares of Facebook Inc. (FB) on a trade-by-trade basis and will make price adjustments if those clients paid too much for the stock, according to people familiar with the situation.

In a memo sent Wednesday to the nearly 17,200 financial advisers of its Morgan Stanley Smith Barney retail brokerage joint venture, the firm says “in [...]

Christopher Randall: The rate isn’t everything. When shopping for mortgages, borrowers need to focus on comparing their monthly payments. “People are drawn to the interest rate… but you have to look deeper. Review the documentation…”

By Amy Hoak, MarketWatch

There are other reasons your rate might be higher. Below are five of them.

1. You’re not paying points

Average rates in Freddie Mac’s survey include average discount points paid for the mortgage. But not everyone is willing to pay points.

For the week ending Oct. 27, rates on the 30-year fixed-rate mortgage averaged 4.1%, but that rate required an average 0.8 point to get it. A point is 1% of [...]

CRE built in a bubble so the amount of the loans are at peak prices, tenants going out of business or can’t afford rent.

Owners of CRE default on loans. Bad loans build up and sink banks.

1. If this is the case wouldn’t faster price adjustments exacerbate the problem? Kind of like the diiference between draining a dam using the flood gates as oppsed to blowing it up.

2. Office supply pipeline doesn’t seem to mean anything in New York. The city is already well developed.

3. What is the next bubble that is going to [...]

InvestmentWatch

CITADEL Latest Firm to Report ‘Significant’ Losses

Morgan Stanley: If Clients Overpaid For Facebook Shares, They Will Get An Adjustment

Christopher Randall: The rate isn’t everything. When shopping for mortgages, borrowers need to focus on comparing their monthly payments. “People are drawn to the interest rate… but you have to look deeper. Review the documentation…”

CRE built in a bubble so the amount of the loans are at peak prices, tenants going out of business or can’t afford rent.

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