Word: bankses
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In the case of BVG, the insurance was provided by Hypo-Vereinsbank, the Landesbank Berlin (LBB) and Credit Suisse. The LBB was privatized in 2007. Expecting that LBB would be downgraded by ratings agencies, BVG was planning to insure its assets through another state-owned bank in Germany, the Landesbank...
A dramatic drop in demand could be either very good or very bad for traditional banks. It could mean that the nonbank, or "shadow bank," system is less appealing to borrowers than traditional banks in uncertain times, and so they are going to regular banks for loans instead. Or more...
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...
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?...
• While the LTTE initially funded itself by robbing banks, Prabhakaran has been able to tap into the sympathy (and wallets) of Tamils living abroad, especially in India's southeast.