Word: commerciales
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Europe's banks are in much worse shape, with a ratio of 40.5. They must either sell $9.7 trillion in assets or raise $485 billion in capital to bring leverage down to 20. The Royal Bank of Scotland (estimated leverage: 39.3) has already started slimming down. It recently put its...
What Chinese banks are likely to do is to focus on Asia and other emerging markets, particularly in places where globalizing Chinese businesses are expanding. Industrial and Commercial Bank of China (ICBC) paid $5.6 billion in 2007 for 20% of Standard Bank, South Africa's largest lender, in part to...
But even in tough times, Jaeger hasn’t discarded his conviction that relationships with administrators are a far more powerful tool than “shouting through the windows.” He was struck by some of the parallels between the cutbacks unveiled on the FAS Web...
Whether the first-year President was truly indignant about the headline emblazoned on the front page of her morning newspaper or whether her reaction was merely an attempt at damage control is difficult to discern. Regardless, Drew G. Faust, in a break with her usual public restraint, wasted no time...
Israel now allows only 30 to 40 commercial items to enter Gaza compared to 4,000 approved products prior to June 2006. According to the Israeli journalist, Amira Hass, Gazans still are denied many commodities (a policy in effect long before the December assault): Building materials (including wood for windows...