Browsing the "banks" Tag

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The Fiscal Spliff

Reading the headlines, you might guess that the Fiscal Cliff is, as the Mayans predicted, legitimately making 2012 the end of the world. The truth is likely much less dire. In an op-ed in the New York Times this week, Nassim Taleb, finance professor and author of Antifragile: Things that Gain from Disorder, argues that […]

December 24th

Tests Are Over But American Banks Are Still Stressed

[youtube=http://www.youtube.com/v/qHc5NaaZvrc&hl=en&fs=1] Economist, James Galbraith, on bank stress tests The results of bank stress tests released this week, do not bear good news. The bottom line is that at  total of $75 billion needs to be raised from 10 major banks to prop them up for losses that could come from a deepening recession. Here is […]

Citibank – Can It Avert Nationalization?

As ‘nationalization’ appears to be the U.S. government’s answer to saving the banking industry, the banks themselves are doing all that they can to boost shareholder confidence.

The latest news from Citibank is that they have approached the US government to agree on a new capital injection that would increase their stake in the troubled bank to about 40 per cent but prevent an outright nationalization.

February 23rd