Word: bankses
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Take Britain. Just as it did in Ireland and Spain, consumer confidence in the U.K. swelled in recent years on the back of rising housing prices. But in all three countries, red-hot housing markets have suddenly gone cold. With jittery banks slashing the range of available mortgages, and rocketing...
Exactly 12 months ago, as rival European banks scented the first whiff of danger in America's mortgage market, the Royal Bank of Scotland had other business in hand. As French, German and Dutch banks confessed to being hit by their exposure to soured U.S. sub-prime mortgages, an RBS...
Right now, it's a familiar place to many of Britain's banks. On August 7, rival Barclays added $5.4 billion to the enormous sums British lenders have written off amid the credit crisis; London-based HSBC, Europe's largest bank, made a similar contribution a few days earlier. For...
PHNOM PENH, Cambodia — Maddox Jolie-Pitt and landmines. That was pretty much the extent of my knowledge about this exotic Southeast Asian country before I arrived. Now, after living here, working in the microfinance industry, and traveling extensively throughout the provinces, I feel a deep connection with...
I rephrased my question, this time much more loudly. "Yeah," she said. I cautiously asked why. "You gave me his good qualities. You ought to run for something as a politician." That's when I realized Obama's Florida strategy should be based on the fact that a Jewish grandchild...