Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
In addition to the preferred shares, the Treasury Department is also getting warrants from the banks that give it the right to purchase additional shares of the company equal to 15% of its investment. With a $10 billion investment, then, Treasury gets $10 billion in preferred shares and the right...
But the warrants don't look too promising, either. The stocks of most of the banks the Treasury has invested in have fallen in the past two months, rendering the warrants worthless, at least for now. Some of the warrants may never have any value. Shares of Goldman Sachs, for...
This needs to change - and it has started to. Beijing's plans to increase the service sector's overall contribution to the economy by 3 percentage points by 2010 - to 43% of GDP - and by 10 points a decade from now. Earlier this year, the government ordered state-owned banks...
For weeks, as the stock market cratered and some private Russian banks wobbled, the official Kremlin line was: "This is primarily an American issue." Finally, on Nov. 20, Putin admitted that Russia, too, was in trouble. Announcing a $20 billion economic-stimulus package and an increase in unemployment benefits, he...
As the world financial crisis buffets country after country, Russia was never going to be spared. It's in much better shape than it was during the last financial crisis, in 1998, when the ruble collapsed and the country defaulted. This time, Russia has $450 billion in foreign reserves left...