Word: bankses
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As Treasury Secretary, what was your greatest strength and your greatest weakness? -Debra Turner, New York City I would think my greatest strength was decisiveness. My biggest weakness was public speaking. I never was able to let the American people know that the bailout was not about the banks but...
The credit crunch wasn't as hard on Goldman Sachs as it was on some other companies. Why then did it still ask for money under that first set of bailouts in 2008? -Mulkah Ade, London We brought nine big banks into Treasury and asked them to all take capital...
A recent report by the Congressional Oversight Panel chaired by Harvard Law School professor Elizabeth Warren predicts a wave of commercial real estate loan failures that could jeopardize the stability of many banks, particularly mid-size and smaller banks.
Unlike the current housing crisis, the report indicated that smaller community banks face a greater risk than large Wall Street banks.
Until recently, SWIFT had its data servers on U.S. soil, giving American authorities the jurisdiction they needed to access them. But at the end last year, the servers covering European wire transfers were moved to Switzerland and the Netherlands, forcing the U.S. to seek European consent to continue sifting through...