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Keyword: banks

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  • Fed Having Trouble Stimulating Growth … Or Inflation – Multipliers and Velocities Are Stalling

    07/02/2012 5:29:02 PM PDT · by whitedog57 · 10 replies
    Confounded Interest ^ | 07/02/2012 | Anthony B. Sanders
    In fluid dynamics, a stall is a reduction in the lift coefficient generated by a foil as angle of attack increases. This occurs when the critical angle of attack of the foil is exceeded. Is the US economy stalling? Today’s manufacturing report suggests that our “lift” is indeed reducing. We are below a reading of 50.0 which historically has been bad news. The Federal Reserve faces a dilemma since its ability to increase “lift” in the economy is impaired by 1) declining M1 Money Multiplier Ratio and 2) M2 Money Velocity. The Fed Funds Target is approaching 0% and we...
  • Does Your Financial Institution Participate in Shariah Compliant Finance?

    06/26/2012 9:20:16 AM PDT · by LSUfan · 3 replies
    Shariah Finance Watch ^ | 26 June 12 | Unattributed
    The most common requests we receive at Shariah Finance Watch are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. In some cases, the entire institution is Shariah-compliant. In other cases, the overall institution is not Shariah-compliant but it has a division or subsidiary that is, or it offers a product that is Shariah-compliant. In still more cases, some of the entities listed below...
  • The 7 Safest Banks in America

    06/25/2012 8:30:33 AM PDT · by SeekAndFind · 13 replies
    Wall Street 24X7 ^ | 06/24/2012 | Jon C. Ogg and Samuel Weigley
    Moody’s recent downgrade of fifteen of the world’s largest banks, along with JPMorgan Chase & Co.’s (NYSE: JPM) multi-billion trading loss, make it clear that certain big banks are just not as safe as depositors might have hoped. Still, consumers have to keep their money somewhere. 24/7 Wall St. has compiled a list of the safest banks to help consumers navigate through continued difficult times. The criteria were very strict. We focused on the universe of the money-center banks, super-regional banks, and banks with retail branches that encompass several states. 24/7 screened for banks with a market capitalization of more...
  • Stocks fall off a cliff as Moody's downgrades 15 international banks

    06/22/2012 6:37:17 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 06/22/2012 | Rick Moran
    Moody's Investor Service cut the credit rating of the 6 largest US banks with international arms. In anticipation of this, and on general economic jitters, stocks tanked 251 points in the second worst day of trading this year. The downgrade of US banks reflects growing concern about the global economy and the exposore of US companies to the european debt crisis. Wall Street Journal: The Moody's Corp. unit reduced Morgan Stanley's rating to Baa1, which is three notches above the junk, or noninvestment grade, status that many bond buyers avoid. The move stands to add to the company's borrowing costs...
  • 15 Major Investment Banks See Ratings Cut by Moody's

    06/21/2012 6:13:11 PM PDT · by Aquamarine · 6 replies
    cnbc.com ^ | Thursday, 21 Jun 2012 | Mary Thompson, Margaret Popper
    Moody’s Investors Service downgraded the debt ratings of 15 major international banks and securities firms on Thursday, a move that could cost the banks billions of dollars in extra collateral. U.S banks that were downgraded included: ......
  • REPORT: MASSIVE MOODY'S BANK DOWNGRADES TO HIT IN A FEW MINUTES

    06/21/2012 1:32:22 PM PDT · by SeekAndFind · 44 replies
    Business Insider ^ | 06/21/2012 | Eric Platt
    Moody's Ratings is set to downgrade the world's largest banks at 4 p.m., according to new reports out of CNBC. The network says sources tell it Citi, J.P. Morgan Chase, and Goldman Sachs will be hit with two notch downgrades. Bank of America is expected to be cut one notch by Moody's. Morgan Stanley, which is also on the list of banks Moody's said it would take action against, is said to be downgraded as well. Nine European banks are expected to be included in the downgrade, which earlier reports noted would include Barclay's, UBS, HSBC, Lloyd's, and RBS.
  • Spain's Economy On the Edge of Collapse as Protests Turn Violent

    06/20/2012 10:59:42 AM PDT · by ex-Texan · 51 replies
    UK Daily Mail ^ | 6/20/2012 | Hugo Duncan
    Europe plunged deeper into crisis last night as Spain lurched closer to needing a full-blown bailout to save it from collapse. The government in Madrid was forced to pay prohibitively high interest rates to borrow money on another bruising day for the single currency bloc. It raised fears that Spain is on the verge of becoming the biggest victim of the euro crisis so far – following the bailouts of Greece, Ireland and Portugal. Please read the rest at the source
  • EC President Blames US For Financial Crisis in Europe

    06/19/2012 6:44:03 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | June 19, 2012 | Mike Shedlock
    The G-20 summit off to a great start if you like fireworks, endless bickering, and finger-pointing. Otherwise these summits are totally useless. When asked by a Canadian journalist "Why should North Americans risk their assets to help Europe?" EC President José Barroso replied "Frankly, we are not here to receive lessons in terms of democracy or in terms of how to handle the economy." The Guardian has further details in Barroso blames eurozone crisis on US banks. The opening day of the G20 summit was threatening to deteriorate into a fractious row between eurozone countries and other non-European members of...
  • Obama’s Fannie Mae failure

    06/17/2012 2:26:57 PM PDT · by TurboZamboni · 5 replies
    salon ^ | 6-15-12 | andrew leonard
    Amid all the rhetoric and posturing that have accompanied every twist and turn of the great housing bust and the ensuing slow, stuttering recovery of the United States economy, a comment made last week by new Fannie Mae CEO Tim Mayopoulos to the Wall Street Journal might have seemed consequential only to the most wired-in housing wonk. ”From my perspective, I don’t believe we need principal reduction to modify loans and make [modifications] work for homeowners,” Mr. Mayopoulos said.
  • Watch Brian Banks Try Out With The Seahawks, Get Invited To Minicamp

    06/08/2012 9:49:55 PM PDT · by doug from upland · 2 replies
    sportsgrid ^ | 6-8-12 | Glenn Davis
    Watch Brian Banks Try Out With The Seahawks, Get Invited To Minicamp by Glenn Davis | 6:26 pm, June 8th, 2012 You’ve seen the story of Brian Banks, the former hotshot high school football prospect who spent five years in prison for a rape the alleged victim later admitted never happened. You’ve seen Banks mark his new life as a free man with a Tonight Show appearance. But what you probably haven’t seen yet is Banks’ attempt to resume his football career, which was once so promising. Well, that changes now. Banks mentioned his upcoming tryout with the Seahawks to...
  • WORLD BANK BOSS: We're Headed For "Impending Catastrophe" -- "A Rerun Of Great Panic Of 2008"

    06/02/2012 4:30:14 PM PDT · by blam · 32 replies
    TBI ^ | 6-202012 | Henry Blodget
    WORLD BANK BOSS: We're Headed For "Impending Catastrophe" -- "A Rerun Of Great Panic Of 2008" Henry Blodget Jun. 2, 2012, 9:51 AM The head of the World Bank, Robert Zoellick, is about to step down after a 5-year term. That means he can say what he really thinks. Here, via the Daily Mail, is what he really thinks about what's going on in Europe and the global financial markets: Financial markets face a rerun of the Great Panic of 2008. * It's ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a...
  • Genesis Squonk

    06/01/2012 9:50:15 PM PDT · by Lazlo in PA · 5 replies
    You Tube ^ | 6-02-12 | self
    Now here is an old tune...
  • "The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?

    05/31/2012 6:25:01 PM PDT · by SatinDoll · 58 replies
    The Zero Hedge ^ | 5/31/2012 | Tyler Durden
    If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of Global Macro Investor "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the...
  • Time Bomb? Banks Pressured to Buy Government Debt

    05/31/2012 2:32:07 PM PDT · by uncommonsense · 30 replies
    CNBC ^ | 5/31/2012 | Jeff Cox
    US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says. Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, the study says. While that helps governments issue more and more debt, the strategy could ultimately explode if the governments are unable to make the bond payments, leaving the banks with billions of toxic debt, says Citigroup strategist Hans Lorenzen. "Captive bank demand can buy...
  • Greece Pours $22.6 Billion Into Four Biggest Banks

    05/28/2012 6:13:33 PM PDT · by dynachrome · 9 replies
    Reuters via CNBC ^ | 5-28-12 | Reuters
    Greece handed 18 billion euros ($22.6 billion) to its four biggest banks on Monday, an official said, allowing the stricken lenders to regain access to European Central Bank funding. The long-awaited injection—via bonds from the European Financial Stability Facility rescue fund—will boost the nearly depleted capital base of National Bank, Alpha , Eurobank and Piraeus Bank.
  • Spain Gets Demolished

    05/28/2012 8:40:23 AM PDT · by blam · 18 replies
    TBI ^ | 5-27-2012 | Joe Weisenthal
    Spain Gets Demolished Joe Weisenthal May 28, 2012Awful day in Spain on both the equity and sovereign debt front. The benchmark IBEX stock index is heading to a loss of nearly 2%.(Go to the site to see the chart) Meanwhile, the 10-year yield hit nearly 6.5%. The big news in Spain concerns the bailouts of Spanish banks... PM Mariano Rajoy today announced plans for a 19 billion EUR bailout of the Spanish bank Bankia, which itself was an agglomeration of weaker banks. He insisted that no banks or regions would fail, and he died that the country's financial institutions would...
  • Al-Qaida nuke bomb threat alleged

    04/22/2002 7:22:04 PM PDT · by knak · 139 replies · 676+ views
    msnbc ^ | 4/22/02
    NBC: Terror network seeks material to explode bomb in U.S. WASHINGTON, April 22 — A captured key strategist for the al-Qaida network told interrogators Monday that al-Qaida was working to obtain fissionable material for radiation bombs to be exploded in the United States, NBC News has learned. U.S. officials could not confirm the assertions of the strategist, Abu Zubaydah, but said they were taking him at his word. SOURCES TOLD NBC News that Zubaydah, believed to be one of the top lieutenants of Osama bin Laden, believed to be the mastermind of the Sept. 11 terrorist attacks in the United...
  • How Saddam hid his dirty money - Billions in oil sales stashed overseas

    05/04/2003 2:04:49 AM PDT · by kattracks · 41 replies · 1,150+ views
    New York Daily News ^ | 5/04/03 | WILLIAM SHERMAN
    In the hunt for Saddam Hussein's billions, investigators have identified five networks of more than 100 companies used to launder money skimmed from Iraqi oil sales. Saddam's gangster regime set up shell companies in Switzerland, Jordan, Lichtenstein, Luxembourg and Panama, according to investigators. Those company networks and their banking affiliations were used to enrich the former Iraqi strongman, his sons Uday and Qusay, and other family members. "Ultimately, the money was stolen from the Iraqi people," said Taylor Griffin, spokesman for the Treasury Department, which is heading the government's laundering probe along with U.S. Customs, the Secret Service and various...
  • Moody's downgrades Spanish banks

    05/17/2012 3:54:38 PM PDT · by Oldeconomybuyer · 3 replies
    CNN Money ^ | May 17, 2012 | By Annalyn Censky and James O'Toole
    Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe. Among those downgraded were giants Banco Santander and BBVA, the country's two largest banks. Moody's cited concerns about the banks' exposure to Spain's faltering economy and the "reduced" ability of the Spanish government to support them in a crisis. "The Spanish economy has fallen back into recession in first-quarter 2012, and Moody's does not expect conditions to improve during 2012," the agency said. "Moreover, the real-estate crisis that began in 2008 is ongoing, and unemployment has risen to very high levels, with rising risks...
  • Panicked Greeks withdraw nearly $900 million from banks in one day

    05/17/2012 9:59:10 AM PDT · by aimhigh · 23 replies
    TheStar.com ^ | 05/17/2012 | Steve Slater and George Georgiopoulos
    Excerpts: Worries about a run on Greek banks has rattled Athens this week, after savers withdrew at least 700 million euros ($890 million US) on Monday alone,.. Data shows depositors have also taken flight from banks in Belgium, France and Italy. And on Thursday, Spain’s Bankia was reported to have seen more than 1 billion euros drained by its customers in the past week. In Greece, sources at two banks told Reuters that withdrawals on Tuesday had taken place at about the same rate as on Monday. It is not only Greeks who are worried about their savings. Data shows...