Word: capitale
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Four years ago, Gillian Tett made the curious choice of moving to the capital-markets desk at the Financial Times--bonds, mortgage securities, derivatives. Arcane stuff, numbing stuff. Did she sense something? Tett eventually found herself covering the biggest financial story in a generation. Fool's Gold tells how a...
As markets collapsed late last year, Schiff, who runs the Connecticut-based brokerage firm Euro Pacific Capital, briefly got to bask in the glory of his spectacular call. He ran a victory lap of sorts on the cable news networks. A fan put together a 10-minute YouTube clip of...
"While [Wells'] management's efforts to 'de-risk' Wachovia's problem loans may help in the near term, we still expect losses to exceed management's expectations," wrote analyst Paul Miller, who follows banks at FBR Capital Markets, in a recent report to clients. Miller, who rates Wells' shares "underperform...
"A river runs through it" could well be the unofficial motto of Luang Prabang, the former capital of Laos that grants full meaning to the adjective sleepy. And cruising along the swirling depths of the Mekong grants an entrancing panorama of both natural and traditional life in the region.
This would not be unprecedented. A few years ago, sources note, Chinese state-owned banks did actively enforce U.S. financial sanctions against the North - the only measures that plainly hurt the top North Korean leadership - precisely because not doing so would have cost them access to the U.S. and international...