Word: bankses
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Recently, research firm RBC Capital Markets revised its estimate for bank failures from 200 to 300 over the next three years to 1,000. RBC said it based its forecast on talks with industry experts and the amount of assets on which banks are not collecting interest as a percentage...
What is disquieting about the RBC figure is not just how large it is. More alarming is that the size of the revision is so big. How could 700 banks be added to the list so quickly? It is hard to say whether it should shake investor confidence in RBC...
One of the signs of a real panic is that the people in the midst of it to some extent lose their minds. They are robbed of their ability to reason and see things clearly. They lose the compass they may have had. Even the analytic ability of "experts" is...
If apologies from bank bosses could stimulate the economy, Britain's would be outgrowing China's just now. As the former execs in charge of two of the U.K.'s largest banks appeared before a committee of Members of Parliament on Tuesday to account for their role in the financial...
In truth, the apologies - much like the banks' dodgiest assets - are of limited value these days. Failures at HBOS and RBS forced the British government into a $55 billion bailout in October, saddling it with more than a trillion pounds (roughly $1.4 trillion) in liabilities. In a jam-packed committee...