Tag Archives: Banks
U.S. bank bailout estimate cut by $200 billion
WASHINGTON (Reuters) – The projected long-term cost of the U.S. government’s bailout of the nation’s big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night… carry on reading.
Statkraft inaugurates world’s first osmotic power plant
24 November 2009 – Norwegian utility Statkraft has inaugurated the world’s first osmotic power prototype on the banks of the Oslo fjord, about 60 kilometers (37 miles) south of the capital.
The prototype generates power by explo… carry on reading.
Are Banks Terrorists?
Whoa – what a deliberately incendiary title. Or is it?
Consider, for a moment, what was revealed today. The Bank of England extended ÂŁ62 billion in “undisclosed support” to RBS and Halifax two weeks af… carry on reading.
Banks must reveal size of fees on current accounts each year, says OFT
• OFT wants bank customers to be more aware of charges
• Bank watchdog delays curb on unarranged overdraft charges
Jill Treanor
guardian.co.uk, Wednesday 7 October 2009 19.07 BST
Banks will have to tell each customer the… carry on reading.
Headhunters set for wave of mandates
By Gill Plimmer and Megan Murphy
Published: September 27 2009 18:25 | Last updated: September 27 2009 18:25
City headhunters are gearing up for a wave of new mandates as banks look to capitalise on a resurgent market. Hiring generally… carry on reading.
Forget the Banks. Get That Loan From a Stranger.
With banks no longer able to extend the kind of credit that ultimately got them in trouble in the first place, people are suddenly looking for a lending alternative that won’t involve tracking down a member of the Gambino crime family. Fortu… carry on reading.
Forget the Banks, Get that Loan from a Stranger
With banks no longer able to extend the kind of credit that ultimately got them in trouble in the first place, people are suddenly looking for a lending alternative that won’t involve tracking down a member of the Gambino crime family. Fortu… carry on reading.
Bank of America posts $2.4 billion profit
Like Goldman and JPMorgan, BofA beats Wall Street’s earnings estimates
updated 11:56 a.m. ET July 17, 2009
CHARLOTTE, N.C. – Bank of America joined other major banks in reporting better-than-expected second quarter income… carry on reading.
Mortgages Are Now a Bank’s Best Friend
By ERIC DASH
Published: July 14, 2009
For the last two years, housing has been at the center of the banking industry’s troubles. But for at least one quarter, it will help lift its results.
Even as banks remain cautious about l… carry on reading.
Record fundraising buoys banks’ earnings
By Francesco Guerrera, Saskia Scholtes and Michael MacKenzie in New York
Published: June 28 2009 19:04 | Last updated: June 28 2009 19:04
Buoyant capital markets activity underpinned US banks’ second-quarter earnings, with a boom in e… carry on reading.
Optimism returns to investment and insurance
By Daniel Pimlott, Economics Reporter
Published: June 29 2009 00:03 | Last updated: June 29 2009 00:03
Optimism has returned to the financial services sector for the first time in two years but banks and building societies are less co… carry on reading.
Investors fear banks will return to old ways
Investors and professional services groups are concerned that buoyant equity markets will allow the City of London to wriggle away from the global financial crisis without making fundamental changes… carry on reading.
US banks to break free of state assistance
By Francesco Guerrera and Greg Farrell in New York
Published: June 17 2009 01:22 | Last updated: June 17 2009 01:22
JPMorgan Chase and Morgan Stanley will no longer issue government- guaranteed bonds in an effort to sever their financ… carry on reading.
If You Ever Questioned Whether Talent Matters…
According to Simon Johnson, former IMF Chief Economist and MIT professor, a showdown is brewing between major banks like Goldman Sachs and the Obama Admini
… carry on reading.
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