Word: bankes
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...Israel's strategy has been to keep Hamas-ruled Gaza poor while improving life in the West Bank, which is governed by Fatah and Abbas, in the hope that Palestinians - seeing the contrast - will desert Hamas, thus forcing it to capitulate to our demands. But the strategy has failed for three big reasons. One is Fatah, which is still widely considered incompetent and corrupt. Another is Israel, which hasn't given Abbas what politically he most needs: a halt to - or reversal of - West Bank settlement growth. The final reason is Hamas itself, which has an incentive to foil...
Lewis has also been heavily criticized for putting the bank in a financial position where it is unlikely to pass the government's bank stress test which means it will have to raise more money. Among other things, this will dilute common shareholders and may even jeopardize the value of some of the bank's bonds...
...expanded presidential power over the central bank...
...Bank of America shareholders voted April 29 to remove Ken Lewis, 62, aschairman, thoughhe will stay on as CEO and president...
...Pacific Symphony in Southern California's Orange County won't be playing the sounds of silence anytime soon, thanks to the Farmers & Merchants Bank, one of many corporate benefactors. "The arts are a very rich part of the fabric of a region, and these organizations depend on companies like ours for support," explains Henry Walker, the family-owned institution's executive vice president, who sits on the symphony's board. "We feel we have a responsibility to them...