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HSBC Insurance Unit Up For Bid [Morning Update]

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market update

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals.

Today’s Top Stories:

  • Buffett’s Gold View: “this type of investment requires an expanding pool of buyers who are enticed because they believe the buying pool will expand still further”
  • Greece Update: A meeting between Greece’s major political principals broke up Wed w/o a deal on troika demands being reached although negotiations are still continuing and there aren’t many areas of disagreement left
  • Obama Reassures Wall Street: Jim Messina, Obama’s campaign manager, was recently in NYC assuring a group of financial services reps that the industry wasn’t going to be...

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