Word: saversion
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It's difficult to ascertain how widespread shadow banking is throughout China. Beijing University economist Shen Minggao estimates that two-thirds of all financial activity in Zhejiang takes place outside the formal banking system. Local regulators do nothing to discourage informal lending because it funnels capital to vital, fast-growing...
What does this have to do with the euro? Passau is a textbook example of what is supposed to happen after a monetary union. Long before the euro became legal tender in 12 European countries on Jan. 1, 2002, economists and policymakers pledged that one of its benefits would be...
FRANK'S FANCY LINCOLN HAS EVERYTHING A ROAD warrior could want: plush leather seats, extra legroom and a sleek fold-down desk that can be positioned just so. There's a bottle of spring water in the cup holder to my left and a pile of individually wrapped Life Savers...
Unauthorized Withdrawal DBS Bank (Hong Kong) promised compensation to savers after it accidentally sent 83 safety deposit boxes to the scrapyard.
While folks financing a house or carrying loads of credit-card debt are mourning the end of the lowest interest rates in 46 years, savers who have been stressing over paltry yields on cash investments are partying in response to the Fed's quarter-point interest-rate hike last month...