First Data Corp. executives say the company has no plans for an initial public offering — but its choice of a chief executive seems to say otherwise. […]
Speaking at a North Carolina Bankers Association conference in Greensboro, Jim Westlake outlined how regulation and risk management practices helped Canadian banks weather the storm. […]
The Connecticut Democrat found he had to negotiate away so much to gain just one GOP vote that he would jeopardize support from his own party. Dodd vowed to release his own ... […]
The loonie surges to the highest level against the U.S. dollar in more than a year and a half as Canada’s jobless rate unexpectedly falls to a 10-month low. […]
Bankrupt financial giant Lehman Bros.’ former top officers, its auditor and several rival brokers could face legal claims, a court-appointed examiner says. […]
An accounting maneuver known as “Repo 105” was a “drug” that helped maintain a veneer of health on Lehman Brothers’ crumbling balance sheet in the months running up to its bankruptcy, a report from a court-appointed examiner shows. […]
Investors betting the yen's glory days against the dollar are over might want to prepare for an encore by the Japanese currency in the coming weeks. […]
Where employers are most optimistic, and pessimisticIN 27 out of 36 countries surveyed by Manpower, an employment-services firm, more companies said they expected to add jobs in the three months to the end of June than said they reckoned on reducing their workforce. The difference between the proportion of hirers and firers was highest in Brazil and India. T […]
For once, the anniversary of a wartime battle in Latvia should pass off peacefullyTHAT March follows February is not a state secret, but it sometimes seems to come as a surprise to Latvian officials. Sometime in February, they notice that March 16th is approaching and start worrying, belatedly, about what outsiders will think. ... […]
Eurocrats offer up half-baked ideas to prevent a future sovereign-debt scareNOW that Greece has given in to pressure from its peers for a more austere budget, the euro zone’s policy brass suddenly seems more sympathetic towards its most troubled member. On reflection, perhaps the fault with Greece’s parlous public finances lay not just with its budgetary pro […]
The Israeli-Palestinian peace process resumes, after a fashionIT WAS a wretched beginning to what had been hailed as the hopeful resumption of peace talks, albeit indirect ones, between the Israelis and Palestinians under the aegis of an American mediator. Barely had America’s vice-president, Joe Biden, begun a visit to Israel to herald a new era of compromi […]
Branding in the New York art worldVIPs criss-crossed Manhattan last week to attend museum shows, conference panels, champagne brunches, curator tours and the stands of nearly 500 galleries exhibiting in 11 fairs. The week was vibrant but confusing due to poor co-operation between event organisers and some amateur branding.The first problem was an illogical a […]
Living costs in big citiesPARIS is the most expensive city to live in according to the latest survey from Economist Intelligence Unit, a sister company to The Economist. The survey assesses the cost of living by comparing housing, food, clothing, transport and utility bills and the like in 132 cities around the world. Tokyo comes second, up from sixth place […]
Address by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, to the Reserve Bank of Australia's 50th Anniversary Gala Dinner, Sydney, 8 February 2010. […]
Speech by Mr Miguel Fernandez Ordonez, Governor of the Bank of Spain, at the meeting on the reform of the Spanish financial system, organised by Expansion and KPMG, Madrid, 23 February 2010. […]
Keynote address by Prof Njuguna Ndung'u, Governor of the Central Bank of Kenya, at the official launch of the first licensed Credit Reference Bureau - CRB Africa Limited, Nairobi, 4 March 2010. […]
Speech by Ms Kate Barker, Member of the Monetary Policy Committee, Bank of England, at the National Institute of Economic and Social Research, London, 8 March 2010. […]
In a speech today at an academic conference in Cambridge, Spencer Dale - member of the Monetary Policy Committee and Chief Economist - examines the policy of buying assets using the Asset Purchase Facility, known as quantitative easing (QE). He reviews the theoretical foundations for QE, the key channels of transmission, and its impact to date. […]
This news release describes the results of the Bank of England's latest quarterly survey of public attitudes to inflation, undertaken in February 2010. […]
Featuring: Bob McDowall, Research Director, Europe Moderator: Ralph Silva, Research Director, European Banking & Payments In this third and final podcast on the subject of wealth management, TowerGroup analyst Bob McDowall focuses on the plight of private banking under the umbrella of wealth management in a period of capital limitations and lack of techn […]
Featuring: Ralph Silva, Research Director, European Banking & Payments The Sibos 2009 annual conference was held in Hong Kong earlier this month to discuss the issues affecting the wholesale and transaction banking community and this year TowerGroup played a major role. With close to 7,000 attendees, the event was not likely going to result in consensus, […]
Featuring: Karen Pauli, Research Director, TowerGroup Moderator: Ralph Silva, Research Director, European Banking & Payments Islamic banking products have never been far from the minds of banking strategists. With the opportunity to tap into a growing US domestic market as well as building access to billions of potential customers, Islamic financial serv […]
Featuring: Andy Schmidt, Research Director, Global Payments Moderator: Ralph Silva, Research Director, European Banking & Payments The Sibos 2009 annual conference was held in Hong Kong earlier this month to discuss the issues affecting the wholesale and transaction banking community and this year TowerGroup played a major role. With close to 7,000 atten […]
Featuring: Dushyant Shahrawat, CFA, Senior Research Director, Securities & Investments Moderator: Ralph Silva, Research Director, European Banking & Payments The Sibos 2009 annual conference was held in Hong Kong earlier this month to discuss the issues affecting the wholesale and transaction banking community and this year TowerGroup played a major […]
Featuring: Bob McDowall, Research Director, Europe Moderator: Ralph Silva, Research Director, European Banking & Payments Earnings season has come and gone, but what has it told us about the status of banks? This TowerGroup View podcast covers the lessons learned from the published earnings for the European Tier 1 banks. Retail banking firms are under in […]
State regulators shut $209.7M-asset LibertyPointe Bank of New York, a rare move for a Thursday evening that usually indicates a bank's condition was deteriorating rapidly. […]
A bill to end private lenders' role in government guaranteed student lending — assumed to be on its way to quick enactment — has suddenly become a hotly contested debate. […]
Federal Housing Administration Commissioner David Stevens defended the agency's plans to rebuild its capital reserves without across-the-board down-payment increases. […]
The Connecticut Democrat found he had to negotiate away so much to gain just one GOP vote that he would jeopardize support from his own party. Dodd vowed to release his own version of ... […]
Robert Kelly said the government should end its ownership of Fannie Mae and Freddie Mac and called for increased resolution authority to dismantle large banks. […]
[off topic]Hi Dale.You are a veteran having problems with L$:https://blogs.secondlife.com/message/56309#56309https://blogs.secondlife.com/message/82282#82282[end off topic] Message was edited by Irene Muni: typo […]
You saw you should not do any transactions, don't you? Try contacting the person you gave the money and ask for a re-delivery or whatever you tried to do with the money. […]
An IMF project will help 16 countries in sub-Saharan Africa that produce and deal in diamonds, gold, and precious minerals to strengthen their defenses against money laundering, smuggling, and terrorist financing. […]
IMF chief Dominique Strauss-Kahn says he is optimistic about Africa’s economic prospects in the wake of the global economic crisis and that the continent is bouncing back after the recession. […]
One indicator of the severity of the recent global financial crisis was the sharp drop in global trade. The IMF has published an updated manual that would more accurately measure and analyze the depth of the recent global trade slump by setting standards for measuring price changes of exported and imported goods and services. […]
After getting through the global economic crisis relatively well, Africa must now address longer term challenges to the continent's future, including governance issues and climate change, to be able to press ahead with the region's economic transformation, says Dominique Strauss-Kahn. […]
After getting through the global economic crisis relatively well, Africa must now address longer term challenges to the continent's future, including governance issues and climate change, to be able to press ahead with the region's economic transformation, says Dominique Strauss-Kahn. […]
With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say, as the IMF's head embarks on a three-country visit to the region. […]
Israeli Defense Minister Ehud Barak has ordered the army to seal off the West Bank for 48 hours and tightened security around Jerusalem, Israeli officials say. […]
New York Attorney General Andrew Cuomo has appointed a former chief judge of the State Appellate Court to oversee two investigations of Gov. David Paterson. […]
A high school in Washington, D.C., is set to name a former women's professional football player as its head varsity football coach Friday, a move that a national women's sports advocacy group calls historic. […]
9 March 2010 -- WHO is releasing new guidelines for the treatment of malaria, and the first ever guidance on procuring safe and efficient anti-malarial medicines. […]
8 March -- On the occasion of International Women's Day, WHO encourages joining forces to fix the failures in health systems so that girls and women may enjoy equal access to health information and services. […]
4 March 2010 -- Over 85 million children under five years old will be immunized against polio in 19 countries across West and Central Africa in an example of cross-border cooperation aimed at stopping a year-long polio epidemic. […]
3 March 2010 -- Governments around the world proclaim 2011-2020 the decade of action for road safety. WHO welcomes the UN General Assembly seeks to halt the increase of world wide traffic accidents through a decade of action. […]
26 February -- On 25 February, WHO was saddened by the death of Professor Ihsan Dogramaci, who will be remembered for his tireless efforts and accomplishments in public health care. He was the last living signatory of the WHO Constitution, signed in New York in July 1946. […]
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