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Dr Subramanian Swamy explains How Participatory notes are destroying Indian Share Market

One of the key Indian politician (Sonia Gandhi) complained to P Chidambaram that instead of giving interest on our Black money Swiss banks are charging 2% service Charge. So Mr Chidambaram came with a new idea. He created a new financial derivative called "Participatory Notes". So what is participat ...

Morgan Stanley posts highest profit since financial crisis| Reuters

Apr 21, 2015    

(Reuters) - Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities.The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program and the U.S. Federal Reserve took steps toward tightening monetary policy.Global stocks also generally performed strongly.Morgan Stanley capped a mostly strong quarter for the big U.S. banks with its...

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