Money for Nothing - SilverSeek.com

Money for Nothing - SilverSeek.com: "On September 24, a Federal Judge in New York heard final oral arguments in the class-action settlement between Morgan Stanley and 22,000 of their clients involving costs associated with the storage of precious metals. The parties have agreed to settlement terms. Morgan Stanley will pay several million dollars and promises to revise their precious metals storage processes."

Merrill Lynch reveals $7.9bn write-down - Independent Online Edition > Business News

Merrill Lynch reveals $7.9bn write-down - Independent Online Edition > Business News: "A $7.9bn write-down by the investment banking giant Merrill Lynch has reignited controversy over how big the losses from the mortgage market crisis might yet turn out to be."

Finance Trends Matter: Goodbye dollar, hello inflation

Finance Trends Matter: Goodbye dollar, hello inflation: "Rogers, delivering a presentation late yesterday at an investors' meeting organized by ABN Amro Markets in Amsterdam, said he expects the Chinese currency to quadruple in the next decade and that he is holding on to commodities such as platinum, gold, silver and palladium.' "

The Raw Story | Bank of America to lay off 3,000 from investment unit

The Raw Story | Bank of America to lay off 3,000 from investment unit: "Bank of America on Wednesday said it would lay off 3,000 people, nearly two percent of its entire work force, as part of a restructuring of its loss-hit investment banking unit."

Mexico, one of the world's biggest oil producers, is running out - International Herald Tribune

Mexico, one of the world's biggest oil producers, is running out - International Herald Tribune: "MEXICO CITY: President Felipe Calderon of Mexico is delivering a grim message: The largest oil producer in Latin America is running out of crude. 'Our oil reserves have been consistently falling,' and the decline is 'severely threatening' government finances, Calderon told a nationwide television audience in an address last month at the National Palace."

IMF chief warns dollar may suffer 'abrupt fall'

IMF chief warns dollar may suffer 'abrupt fall': " The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an 'abrupt fall' in the dollar, linked to a loss of confidence in dollar assets."

Steep decline in oil production brings risk of war and unrest, says new study | Special reports | Guardian Unlimited

Steep decline in oil production brings risk of war and unrest, says new study | Special reports | Guardian Unlimited