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June 09, 2008 |
Islamic banks more discerning than conventional Western counterparts?
Miscellaneous
Islamic banks are leaving their Western counterparts behind in IT deployment, claims Dr Mohamed Goneid, business development manager for the Middle East and Gulf at Temenos. |
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June 08, 2008 |
NY Fed chief urges global bank framework
Financial Times
Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York. |
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May 15, 2008 |
British Central Bank predicts British recession
TimesOnline (UK)
Britain faces two years of economic pain and could sink into recession, the Governor of the Bank of England has said in a stark warning to the nation. |
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May 13, 2008 |
Citigroup is beyond repair
Miscellaneous
Banking analyst Meredith Whitney blasted Citigroup's turnaround plan yesterday, saying the financial giant is so deep in a black hole that even renown physicist Stephen Hawking could not help the ailing company. |
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May 09, 2008 |
Collision ahead: Using credit cards to survive high prices
CNNMoney
No longer able to turn their homes for cash, Americans are increasingly using plastic to meet their basic living expenses. But many can't afford to pay the bills. |
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May 08, 2008 |
Citigroup on the auction block: $400bn sale
Miscellaneous
NEW YORK (Reuters) - Citigroup Inc (C.N) will present as much as $400 billion of "non-core" assets that can be sold by the bank when it meets investors and analysts on Friday, a person familiar with the situation said. |
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May 02, 2008 |
Fed joins with European banks to battle credit crisis
Yahoo! News
The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks. |
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May 02, 2008 |
Kuwait Sovereign Fund May Boost Citi, Merrill Stakes
Bloomberg
Kuwait's $250 billion sovereign wealth fund may boost its stakes in Citigroup Inc. and Merrill Lynch & Co. as it pursues investments in companies battered by subprime- mortgage related losses. |
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April 29, 2008 |
What the Fed Could Learn from Europe's Central Bank
Speigel Online
Never before have the central banks of the United States and Europe pursued such divergent strategies when it comes to dealing with a financial crisis. The increased value of the euro against the dollar reveals which strategy is working. |
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April 23, 2008 |
The Socialization of Risk
McAlvany Weekly Commentary
Audio commentary: How You Pay the Price for Wall Street’s Speculation. |
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