Word: commerciales
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The abridged description of the case against GE is simple. The assets of its financial unit, GECS, will suffer from high default rates as the recession undermines the ability of its business and consumer customers to pay their bills. A Deutsche Bank analyst recently wrote that GE Capital has zero...
According to CNBC, AIG is about to post another huge loss. "Sources close to the company said the loss will be near $60 billion due to writedowns on a variety of assets including commercial real estate." The financial channel also reports that the need for capital may be so great...
It's not clear how much of what Fine discussed with Geithner made its way into the plan that the Treasury Secretary announced in early February. Geithner offered only a broad outline of how he plans to spend the rest of his recovery funds. But community banks were probably pleased...
Next thing we heard was "Brace for impact!" - a phrase I had heard many years before as an active duty Marine officer but never before on a commercial air flight. Everyone looked at each other in shock. It all happened so fast we were astonished!
But the global financial crisis has changed everything for one of the flagships of India Inc. Within the space of a year, Tata Motors has gone from being a developing-world success story to a cautionary tale of bad timing and overly ambitious expansion plans. Revenues are plummeting: Tata's...