Word: capitale
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Most economists believe that the Achilles Heel of the current U.S. bank rescue plan is that it gets money into banks, but the capital does not come out the other end in the form of loans to businesses and individuals. Businesses cannot conduct their affairs in the normal course. The...
In other words: further nationalizations. Three months after it pumped $30 billion in emergency capital into the beleaguered Royal Bank of Scotland, the government on Monday upped its stake in the bank to almost 70% in order to help boost its lending capability. The timing could hardly have been worse...
"The FDIC knows how to do deals," says Kevin Stein, a former senior official at the FDIC and a managing director at investment bank FBR Capital Markets. "But there is a storm right now in the banking businesses, and the FDIC is being asked to sell assets nobody wants."
Sami Khoreibi couldn't stop beaming at his company's work. The baby-faced CEO of Enviromena Power Systems, Khoreibi started his business just a little over a year ago. Now he was standing over a 10-megawatt solar farm in the desert outside Abu Dhabi, with row after row...
Whether or not that's true, Saab's sentiments reflect how many if not most Latin Americans feel about Washington. And that's actually good news for Obama, whose first regional summit, fittingly, will be the Summit of the Americas, to be held in Trinidad in April. (Obama already met...