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Silicon Valley’s Undertaker: ‘We’re Anticipating a Major Fallout’ We’re starting to close down social networks, startups in video distribution, clean tech companies. We’re also closing down a retail site. (tags: bankruptcy start_up high_tech)

Short Selling of Stocks Banned in France, Spain, Italy, Belgium – Bloomberg France, Spain, Italy and Belgium imposed bans on short-selling to stabilize markets after European banks including Societe Generale (GLE) SA hit their lowest level since the credit crisis. (tags: short_seller trading_strategy regulation Europe)

Swiss Franc Falls as SNB Sees Possible Euro Peg – Bloomberg The franc weakened after Swiss Central Bank Vice President Thomas Jordan said a temporary franc peg is within the range of options that policy makers could use to stem the currency’s record-breaking rally. (tags: Swiss_franc forex SwissNationalBank currency_intervention euro) The official blog of Hays … Read more

Capitulation? Market Looks For Signs Selloff is Done – CNBC Money market funds over the past week have seen $70 billion in redemptions, the largest since the pivotal collapse of Lehman Brothers in September 2009, according to Bank of America Merrill Lynch data. Stocks funds saw $11.2 billion in outflows, with long-only funds losing $6.5 … Read more

Bank of Korea Buys Gold for First Time in Over 10 Years – CNBC South Korea's central bank bought gold for the first time in more than a decade as global growth and debt uncertainties encourage monetary authorities around the world to diversify foreign reserves. (tags: gold Korea monetary_policy) Banks in BRICs Signaling Credit Crisis … Read more