All posts tagged "banks"
The Big Uh-Oh: Global Economy Shaky and Cavalry may not Come
WASHINGTON – Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way. Sinking stock prices,...
- Posted February 16, 2016
US Stocks End a Down Week on an Up Note
U.S. stocks ended a down week on a high note Friday, snapping a five-day losing streak on the strength of energy and financial companies. A sharp rebound in oil prices and an encouraging report on retail sales...
- Posted February 12, 2016
Questions Grow over Banks as Profit Warnings Pile Up
PARIS – Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings. France’s Societe Generale became Thursday...
- Posted February 11, 2016
Paying the Bank Interest to Hold Your Deposits? What Gives?
WASHINGTON – The idea sounds preposterous: Pay the bank to hold your money? But the Bank of Japan on Friday joined European central banks by introducing negative interest rates – that is, charging, not paying, for deposits....
- Posted January 30, 2016
AP Spin Meter: Sanders says he’ll Quickly Break Up big Banks
WASHINGTON – Battling across Iowa ahead of the first-in-the-country vote on Monday, Hillary Clinton and Bernie Sanders are dueling on fertile populist ground: resentment against Wall Street, bailed-out big banks and a financial system seen as rigged....
- Posted January 30, 2016
Collapse of Prepa Restructuring Agreement a Negative for Puerto Rico Banks
KBW: Creditors Could Request a Receiver if Prepa Defaults With the Restructuring Support Agreement (RSA) between the Puerto Rico Electric Power Authority (Prepa) and several groups of creditors (including Puerto Rico banks, the monoline bond insurers and the Ad...
- Posted January 26, 2016
KBW: Prepa Deal Positive for Local Banks
An agreement reached late last year between the Puerto Rico Electric Power Authority (Prepa) and its monoline insurers is a significant step forward in the electric utility’s restructuring and a positive for local banks with Prepa exposure,...
- Posted January 5, 2016
Trinidad Fires Bank Chief Who Named Foreign Exchange Buyers
PORT-OF-SPAIN, Trinidad — The governor of the Central Bank of Trinidad and Tobago has been fired after releasing the names of companies that have bought one-third of the foreign exchange sold in the last three years, officials...
- Posted December 24, 2015