Word: financees
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Then there are the firms that are not traditional banks that are starting to line up for bailout funds. Earlier this week, American Express filed to change its status to a bank-holding company, which would allow the credit-card giant to apply for TARP funds. Analysts estimate that AmEx...
Canada's banks make bad investments on occasion. When Toronto-based CIBC, Canada's most aggressive big bank, took $3.5 billion in charges against the U.S. subprime debacle, federal regulators quickly arrived on the scene. But here's the difference: CIBC ended up selling $2.94 billion worth of its own...
There is, of course, a flip side to Canada's regulatory system. When the global economy was flying high, Canadian banks complained about not being allowed to merge to become more significant international players. "In hindsight, that decision may have saved Canada from having a Royal Bank of Scotland on...
Like La Follette, a legendary reformer, McCain will be remembered as a crusader who took on corruption in Washington by enacting campaign-finance reform with the McCain-Feingold Act and speaking out against pork barrel spending.
With presidential elections approaching, Undergraduate Council members are speculating about possible candidates in an election insiders say will be fierce and competitive. Rumors have focused on four possible tickets, which are notable for their diversity and mix of UC insiders and outsiders.UC insiders are speculating that the two leading tickets...