Word: bankses
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On the plus side, investor panic (which translates into hyperactive trading) and scrambling by executives to make deals have boosted Wall Street revenue. In the first half of the year, which is the latest available data from the Securities Industry and Financial Markets Association, the total fees that the investment...
Efforts to counter the crisis focused on Eastern Europe as well. The International Monetary Fund announced that it has struck a tentative accord to lend $16.5 billion to cash-strapped Ukraine, and said a major impediment to providing emergency funding to Hungary had also been removed. In Asia, meanwhile, the...
They were gambling with other people's money.That's the point, with society's money. Banks are gambling with society's money, funds are gambling with investors' money - it's one layer better. So we should have more risks taken by funds and less risk taken by banks, because banks...
So the big question on everybody's mind is, what happens now?I try not to comment on current events directly. I think that we've got to progressively become a society where banks are deemed to be too precious for us, for our currency, to take too much risk...
If demand for oil is off 10% worldwide, why are prices down more than 50%? It's not a one to one relationship - small demand swings can cause large price swings, says Blanch. And the unraveling of oil is the other side of the credit crunch. Banks, investment banks and...