March 30, 2009
text - president obama's remarks on u.s. car industry� | uk.news.yahoo.com
The US president obama's remarks on u.s. car industry has given the green light to the future way of making automobiles.
Prime, sub-prime totally sub-optimal cost of funds margin.
March 27, 2009
HDFC cuts retail prime lending rate | economictimes.indiatimes.com
HDFC (India's largest housing finance company) has attributed the cut in its retail prime lending rate (RPLR) to a reduction in its cost of funds.
The risk of heavy outflows versus reality of transparancy
March 19, 2009
Swiss warn lifting secrecy ‘will take time’ | www.ft.com
Most of the financial community has demanded transparency within publicly traded corporate organizations - which seems appropriate if the public is to risk capital and buy stock of these equities. Now it seems the next directive is following the actual capital and making the global banking repositories provide transparency as well. Switzerland had succumbed to pressure on easing bank secrecy, but the full automatic exchange of tax information, as demanded by countries such as Germany, remained out of the question for Switzerland.
March 9, 2009
HBOS, RBS U.K. Deposits Fell; Government Banks Gained | www.bloomberg.com
The US Senator Dodd has suggested a $500 Billion line of credit for the FDIC. FDIC chair Shelia Bair has acknowledged a good idea for US depositors would be to continue the higher ($250k) FDIC Insurance limits on depositors bank deposit principal.
Business Risk Management First - Before Quant or Qual
March 9, 2009
Deutsche Bank’s Quantitative Team to Leave, Start Hedge Fund | www.bloomberg.com
Some of the The Frankfurt- based bank's DWS funds have recently suspended dividends due to previously exposed risk and current market conditions (1). Further, the Frankfurt- based bank, will cut risk by shifting resources from areas such as proprietary trading after “unprecedented market conditions revealed some weaknesses” in trading operations. (1) DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ - News) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO - News) (the “Funds”) announced today that they will not declare any distributions to common shareholders in March 2009 because market conditions have resulted in a decline in portfolio values causing the Funds to currently not meet the preferred share asset coverage ratio that is a precondition to the declaration of common share distributions under the Investment Company Act of 1940.
I did not have nationalization relations with that bank!
February 25, 2009
RBS May Not Avoid Full Nationalization With Insurance | www.bloomberg.com
Well, did you or didn't you? Guess we are not sure any longer since we have various definitions floating around. Both the UK & US have essentially shored up the depositors principal, and stripped the investors equity.
February 17, 2009
Axa Asia Posts A$372.9 Million Loss on Investments | www.bloomberg.com
In Southern California I watch Axa commercials on CNBC stating I can receive guaranteed payments for life.
Something is better than nothing
December 8, 2008
RBS Promises Borrowers Six-Month Respite Before Foreclosing on Mortgages | www.bloomberg.com
The last six months of this frm's operation has seen its share of challenges. Executives and equity holders have experienced severe penaltys for the onging global financial and real estate meltdown. If the equity holders can have something of a planned ROI, it is better than nothing. Sad that we are at this point, but unfortunately we are.
Bailout the automakers ..no way
November 24, 2008
‘Peak-oil’ doomsayers catch Wall St.’s attention | www.iht.com
The problem with Detroit is arrogance and know it all..for years now the leadership at Detroit three auto makers insisted on not briniging new and fresh blood from the outside..you do not the autombile industry , you are no good. Yet there are tremendous talents out there that can can help bring about new ideas and approaches for automaking.Except for A. Mullaly and by accident Nardelli..look at who is running Detroit...they keep producing ineffecient cars ,not to the liking of the current generation of Americans and for that matter the global markets, and un-negotiated labor contracts that are unbelievably expensive and putting the US automakers at a $2000 disavantage per car than the competition, yet they come to DC and say they employ 3.0 people, they pay health care to current employees and retirees...and I ..I.. I.. and you owe. No the tax payer does not owe you and you should run your business as most companies do and let the free market forces decide...Detroit needs a revamp
November 10, 2008
Banks to defy Government and raise mortgages rates | www.timesonline.co.uk
Peter Mandelson, the UK Business Secretary, added to the pressure on lenders to pass on the Bank of England's expected base rate cut to homeowners, saying that that banks who did not would face a customer backlash. Henry M. Paulson Jr., the US Treasury Secretary plans to call for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse of Bear Stearns.
February 7, 2012
SOPA and the wisdom of Yogi Berra
January 19, 2012
Larger wafers present a growth opportunity for LEDs
January 6, 2012
Smartphones threaten digital camera industry
December 1, 2011
Google music launches: The end of the end for the music industry
November 22, 2011