Word: financees
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German Chancellor Angela Merkel and her Finance Minister, Peer Steinbrück, have spent months saying they will never let irresponsible German banks off the hook by taking their toxic assets and putting them into some sort of government-backed bad bank.
To fight the downturn and counter the previous failure, WPS has promised to learn from the mistakes that its predecessor, the WUSA, committed earlier this decade. Riding a euphoria that followed the U.S. victory in the 1999 World Cup (Brandi Chastain, shirt off), the WUSA's spending habits fit those...
For politicians, anger directed at bankers is also anger that's not being channeled toward them. Gordon Brown, Britain's Prime Minister, has hardly emerged unscathed from the collapse of the U.K. economy - he was, after all, the country's finance minister for a decade until 2007 - but he's...
For decades pure investment banks like Goldman Sachs and Morgan Stanley dominated M&A. But in the past few years, the ability of the large banks to offer billions of dollars in loans to finance transactions has raised their standing among dealmakers. Citigroup has been the most successful in wresting...
Zimbabwe is facing its worst economic crisis since independence almost three decades ago. On top of its abandoned, worthless currency, the once prosperous agricultural economy is bankrupt. The country's new Finance Minister, Tendai Biti, announced on Wednesday that Harare has a monthly expenditure of about $100 million but can...