Posted in November 21st, 2009
The banking regulators of Florida state closed down Commerce Bank of Southwest Florida this week, taking the year to date bank closures in US to 124. There are expected to be more bank closures in the US over the coming months, as over 400 banks are found to be falling short of the capital adequacy […]
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Posted in November 19th, 2009
Brazil was stuck with a very weak local currency one year back when there was acute shortage of US dollars to pay for the monthly imports. Now the situation is exactly the opposite with the flooding of cheap US currency into Brazil by the corporate sector.
The foreign fund flow is so high that the […]
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Posted in November 10th, 2009
The Japanese government has always been the largest buyer of US treasury bills in the last several years, except 2008 when China overtook it. But Japan has successfully regained the number one slot from China with a massive 105 billion dollars of new treasury buying in the first eight months of 2008.
This is also due […]
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Posted in November 9th, 2009
There are millions of people who are losing jobs every month and all these people are badly in need of debt consolidation. And it is indeed sensible to seek the help of independent professional service providers like www.3debtconsolidation.com to consolidate debt at lowest possible cost.
These people would be able to first understand your debt issues […]
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Posted in November 8th, 2009
The housing crisis is only deepening with one of the largest lender Fannie Mae, seeking another 15 billion dollars of aid from the government for immediate survival. The company is likely to report more write offs because of increasing defaults. The company is unlikely to return to profits in the next few quarters, because the […]
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Posted in November 2nd, 2009
The spate of bank closures in US is not showing any signs of abating. A record number of nine banks were closed down last week in US , taking the year to date total to 115. The massive closures were primarily due to increasing bad debts related to commercial real estate and also individual […]
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Posted in October 29th, 2009
Given the economic conditions, where to invest becomes an issue. It always has been an issue. That is why gold is seen as such a safe investment. The yellow metal has always been a favourite investment option from time immemorial.
But, how do you buy gold coin? Where do you buy from? […]
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Posted in October 21st, 2009
The largest bank in Germany, Deutsche Bank AG, today reported a three fold rise in net profits before tax for the September 2009 quarter. The shares were in fact hit down in today’s trade only because the 1.94 billion profit before tax was below the expectations of most of the analysts.
The analysts are now […]
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Posted in October 19th, 2009
The September 2009 quarter has helped Goldman Sachs to make record profit of three billion US dollars, and it has set aside nearly 7,00,000 US dollars per employee as bonus for this year. And the 31700 employees will be receiving the massive bonus amount over the coming few months.
It is indeed disheartening to note […]
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Posted in October 13th, 2009
The Japanese Central bank has been pumping in billions of dollars into Japanese corporate sector through direct purchase of corporate papers and commercial bonds, in the last 12 months. With the stock markets recovering smartly in the last six months, the corporate sector has been able to raise all the required funds directly from the […]
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