Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
3. Why save Citi when other banks are going under? Citigroup, with $160 billion in revenue last year, more than 300,000 employees and tendrils in every corner of finance, both domestically and abroad, is the poster child for an institution that is allegedly "too big to fail." A much...
Citi is not the first bank to hit the wall. When Washington Mutual, which had a balance sheet less than a third the size of Citi's, went down, the FDIC immediately flipped the company to JPMorgan Chase. But marrying off Citi was not a viable option. "There isn't...
The rage among pundits, journalists and policymakers these days is to believe that more government is better than less. And why not? In this time of economic chaos, finance ministers and central bankers around the world have appeared the only bulwark against complete financial collapse - a slide-rule cavalry, armed...
Already, some 20 retailers have sought bankruptcy protection this year, with such household names as Circuit City, Steve & Barry's, Linens 'n Things and Mervyns going under. Of those four, only Circuit City is attempting to restructure its business, closing 155 stores by the end of the year in an...
There is no doubt that government intervention is an absolute necessity when markets go horribly awry. After Japan's stock-and-real-estate bubble burst in the early 1990s, the economy staggered along for half a decade until the government finally stepped in to restructure the financial sector. During the...