In UK: Elvis has left the building | Advantage 'zyaada'
Vince Cable though is in No, Gordon wasn’t the Elvis. The industry and probably the complete knowledge economy were however a disastrous last step for Britain to assert its salaried … Continue reading
How AIG got out of paying for its default swaps?
When push came to shove, AIG sat down at the bargaining table instead of paying the sum defaulted..and that’s the usual way of doing it, but to hear it from … Continue reading
The legal fallout of the crisis | Advantage zyaada
Among the ones that escaped the notice of the fourth estate earlier, there was some legal action against banks for mis-declarations and civil fraud such as the mortgage ‘quick-cycles’ of … Continue reading
Bank results week: Wells Fargo profits from Wachovia
Wells Fargo used 2009 as a good time to review its national footprint and with Wachovia in its belt used the time to grow its retail presence and cement a … Continue reading
Bank reforms – Obama’s Big Fight
In a big public punch at the Street for the third time in Bank results week, Obama enumerated the new Volcker rule to add-on to the reforms instituted by Barney … Continue reading
Bank Results Week : BofA reports troubled 2009
BofA is doing well if for the fact that it has already returned all government monies and has provisioned another $1.6 billion for Credit Losses As a new habit, we … Continue reading
Metlife could get American unit of AIG
Andrew Sorkin at NYtimes’ Dealbook just updated below Update | 1:12 p.m. MetLife has emerged as the lead bidder for the American International Group’s Alico life insurance unit, people briefed … Continue reading
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