Word: capitale
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Paulson's lesson is that there is always more money. That is true at least in a panic when the Congress and Administration have convinced themselves, perhaps appropriately, that pushing huge amounts of capital into the economy is the only way to halt the recession.
Work on London's main Olympic site is progressing well. The 600-acre former industrial zone in east London that will become the focal point of the 2012 event has been transformed into Europe's biggest construction site. Steel for shoring up the massive new stadium's seating terraces is...
Recently, research firm RBC Capital Markets revised its estimate for bank failures from 200 to 300 over the next three years to 1,000. RBC said it based its forecast on talks with industry experts and the amount of assets on which banks are not collecting interest as a percentage...
Following the collapse in September of U.S. investment bank Lehman Brothers, RBS's depleted capital reserves - a consequence of that ABN deal - meant "the spotlight fell on us, and the share price dropped 60% in two days," Goodwin said. Added McKillop: "We are sorry we bought ABN Amro." At HBOS...
Jose Luis Gonzalez, 60, has been called many things - almost none of them nice - in his 40 years working the streets of Lima, Peru's sprawling capital. "They call us vultures or scavengers most of the time, but sometimes they are meaner, saying we are thieves, criminals. It has never...