Word: bankes
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Dates: during 2000-2009
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...March 23, Treasury Secretary Timothy Geithner unveiled the Obama Administration's toxic-bank-assets plan. The stock markets cheered the news, sending the Dow up 497 points...
...going to make financial aid readily available to individuals of good character with strong references so that they can make their mortgage payments. To paint the picture even rosier, the Fed will buy up paper in the open market and that paper will bear a close enough relationship to bank rates for real estate lending that it will push mortgage costs down. (See "Four Steps to Ending the Foreclosure Crisis...
That leaves investors and traders who look at earnings as essential to their decisions in a huge fog bank which does not show any sign of lifting. And, it won't. Buying and selling stocks is now based more on rumor and momentum than it has been at any time in recent memory. The last period like this may have been early 2000 during the Internet stock craze. This time around, obscure banks analysts can turn the market against the sector. News that Steve Jobs was seen at a 7-Eleven in Fresno can drive Apple (AAPL...
Amidst the worst financial crisis in a generation, the chief executive of one of the world’s largest banks will address Harvard Business School graduates. In a press release issued earlier this week, school officials announced that James L. Dimon—chairman and CEO of JPMorgan Chase—will return to his alma mater to speak at Class Day on June 3. Dimon was heralded last month by the Financial Times as one of the 50 people who will lead the way out of the crisis. The announcement generated excitement among students, who said that they...
...recent survey by the Suan Dusit polling agency shows that nearly 70% of Thais want Thaksin to stop inciting unrest and allow the government to work at solving the economic crisis. With the Thai economy set for a potential contraction of up to 4% this year, the Asian Development Bank said earlier this week that political infighting could hamper the effectiveness of the government's $44 billion economic stimulus program. The fate of that program, and the government itself, may rest on events surrounding the protests. And once again, most Thais can do little but watch, and wait...