Word: banking
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...your bank broke? Probably...
...That likely means no big bank will be deemed too stressed to survive. The official says the Treasury does believe some of the banks will need additional capital to make them stronger, and in all likelihood the government will identify those banks. (See TIME's photos of the G-20 protests...
Meanwhile, the country has for now managed to avoid the worst of the global financial crisis, thanks to the conservative policies of its central bank governor, Riad Salame, who banned the exotic financial instruments and over-leveraged practices that became common in the rest of the world. While Salame took office before President Suleiman came to power, the validation of his banking policies are adding further shine to the reputations of the country's non-partisan officials. Suddenly, Lebanon feels like an island of stability in a world upside down...
...area battered by a series of hurricanes earlier this decade. Meanwhile, bankers in Charlotte, N.C., are awaiting their walking papers: No one knows how many of Wachovia's roughly 20,000 employees there will be cut in the company's merger with Wells-Fargo. Or how many of Bank of America's 15,000 Charlotte employees will survive the company's plans to shed some 35,000 jobs nationally in the coming years. "There's a whole lot of uncertainty, especially around Wells," says Bob Morgan, president of the Charlotte Chamber of Commerce...
...long red carpet flanked by a colorful dragon dance in Taiwan's Keelung harbor. The enthusiastic gang - 12,000 of them will arrive on nine different ships by the end of this spring - and Taiwan's eager welcome are a symbol of the vibrant new ties being formed (and bank notes being exchanged) between China and Taiwan. Chinese tourists have not been allowed in Taiwan for the past 60 years because of tensions between China and Taiwan, a democratic island that China claims...