Help Promote Growth, Keat Chhon Urges Banks
By Ros Sothea, VOA Khmer Original report from Phnom Penh 24 February 2009 Finance Minister Keat Chhon on Thursday urged commercial banks to expand ... by commercial banks would provide more cash flow for investors, which could help Cambodia escape the most ... his bank to have more cash ready for credit and loans, from about $470 million in 2008 to $700 [more...]
Date: 2009-02-27 04:09:00
Blog posts
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Videos
(16)
Citigroup: the financial supermarket is dead
Vikram Pandit understands the seriousness of the challenge ahead, if Citi wants to remain a going concern ... large parts of its troubled investment bank and US consumer finance businesses from its global commercial banking business in a dramatic attempt to ensure its survival. People close to the situation [more...]
Date: 2009-01-13 18:19:53
Citigroup ditches ‘universal banking’, will adopt ‘good bank, bad bank’ structure
Now here's a cracking story from the FT's US business editor Francesco Guerrera: Citigroup is to break up its 10-year old "universal banking" business model by separating large parts of its troubled investment bank and US consumer finance businesses from its global commercial banking business in a dramatic attempt to ensure its survival.... [more...]
Date: 2009-01-13 12:46:42
David X. Li
I've been seeing a lot of hits from searches on "Gaussian Copula" or "David X. Li" lately ... analysts or "quants" working in various functions in investment banks and large commercial banks ... after it successfully uses mathematics". Finance might be the most successful area to use [more...]
Date: 2009-02-22 17:02:00
BRIEFING: "Globalisation under strain: Homeward bound; A great financial retrenchment is under way, ... out with the credit crunch at home--no surprise there. We also get the Institute of International Finance ... . What really happens here is commercial bank lending dries up a lot and emerging markets are paying off past [more...]
Date: 2009-02-28 15:02:35
Faring the Waters: Bryn Mawr’s OIG Invests With Optimism
By Anagha Kumar Bryn Mawr’s Owl Investment Group is no ordinary student-run group ... investment group, one that would teach its members about the world of finance by investing ... banks into commercial banks and negatively accelerating financial stock prices, OIG decided [more...]
Date: 2009-03-03 04:11:39
Free Guide - How To Enhance Understanding of Business Finances
If you want to succeed in business, you need to know about financial management ... survival. There are many sources for debt financing: banks, savings and loans, commercial finance [more...]
Date: 2009-03-05 10:35:48
Volcker backs much needed banking system reforms
Filed under: Economy , People Yet another of the financial world's exemplars has come out in favor of a two-tier banking system in the United States. Former U.S. Federal Reserve Chairman Paul Volcker said commercial banks should ... on Daily Finance on Fri, 06 Mar 2009 15:00:00 EST. Please see our terms for use of feeds [more...]
Date: 2009-03-06 20:00:00
ohryan: How they shot The Godfather While [The Fortunate...
ohryan: How they shot The Godfather While received some extraordinarily fine reviews, my publisher was not impressed ... and tired of being an artist. Besides, I owed $20,000 to relatives, finance companies, banks ... commercial novel whenever I chose to do so. My writing friends, my family, my children and my creditors [more...]
Date: 2008-12-08 20:02:43
Political Influence Slows Action
The idea that overt political influence by large organizations like the banking industry, and the larger financial services industry, has, and is, ... . As is the solution: more transparency. Here’s Bloomberg columnist Michael Sesit: Finance companies — commercial and investment banks, insurers, investment-management companies, private-equity firms [more...]
Date: 2009-02-13 19:57:48
Root Cause Of The Economic Meltdown: Our Inside-The-Beltway Political Class, Particularly The GOP & Blue Dogs In Thrall To Corporate Bribes
Perhaps if everyone in the country were to read the detailed 231-page report from Essential Information and the Consumer Education Foundation, we would decide, as a society, that the costs of allowing special interests to finance ... , Wall Street investment firms, commercial banks, hedge funds, real estate companies and insurance [more...]
Date: 2009-03-05 14:00:00
Opinion: Why those arguing for a co-investment fund should look at the DFC history
By Brent Wheeler Many policy makers and commentators have a short memory when it comes to running the type of public-private investment fund or ... introduce” so called merchant banking to N.Z. and non retail commercial finance – both debt and equity – ... . It’s worth looking at the history of the Development Finance Corporation of New Zealand [more...]
Date: 2009-03-08 22:55:40
Iris Erlingsdottir: Iceland's Conservatives Try to Rewrite History
Hannes H. Gissurarson wrote a letter in yesterday's Wall Street Journal decrying the new government's desire to remove former conservative ... its ownership of the commercial banks." Accordingly, the country's banks were privatized in 2003 ... Bank's board, despite his lack of expertise in finance. He was recently found by the Icelandic [more...]
Date: 2009-02-04 22:04:20
How they shot The Godfather
... years old and tired of being an artist. Besides, I owed $20,000 to relatives, finance companies, banks ... -selling commercial novel whenever I chose to do so. My writing friends, my family, my children [more...]
Date: 2008-12-11 09:49:38
A End to End Walk through our Java Stack...
In this post I will take a walk through our preferred Java application stack from end to end, ... has held up quite well for many years. We've used it on numerous large commercial applications ranging from critical banking and finance apps to high volume entertainment sites. I'm not going to try [more...]
Date: 2009-02-25 10:08:37
Robert Weissman: Wall Street's Best Investment II: 12 Deregulatory Steps to Financial Meltdown
What can $5 billion buy in Washington? Quite a lot. Over the 1998-2008 period, the financial sector spent more than $5 billion on U.S ... , refused to impose new regulations on rapidly evolving and mushrooming areas of finance, and shunned ... Act of 1933 and related rules, which prohibited banks from offering investment, commercial banking [more...]
Date: 2009-03-06 19:36:22
Goldman Can’t Outsmart the Markets Anymore
About two months ago, Deal Journal live-scribbled a panel discussion that included a supercollider of the most powerful men in finance ... s move to become a commercial bank was more for “market perception” and eligibility for TARP and other [more...]
Date: 2008-12-02 17:30:38
Councils switch billions to Treasury
Council deposits in low interest Treasury accounts have soared as finance directors sacrifice high returns for safety, ... Deposit Facility (DMADF) as commercial banks are deemed too risky.In the wake of the freezing ... . It appears councils are continuing to shun commercial banks, with £7.9bn being deposited [more...]
Date: 2009-02-26 09:15:51
Reasons For Today's Rally
With the ugly economic data in the morning, the market action today was paradoxical to say the least ... to parliament. The agency would finance purchases by procuring funds from commercial banks and other [more...]
Date: 2009-02-24 23:19:00
BETTER THAN A BAILOUT
What should the federal government have done in lieu of the $700 billion bailout signed into law by President George W. Bush? ... involve the partial nationalization of the finance industry:Raise the capital ratio for government sponsored enterprises and other investment banks to at least the level imposed on commercial banks [more...]
Date: 2008-12-29 13:51:58
Citigroup moves towards break-up
Citigroup plans to break itself up by separating higher risk US consumer finance and securities businesses from its global commercial banking operations in an attempt to ensure its survival, the FT [more...]
Date: 2009-01-14 05:38:31
Randomness: Sexy Republican Style
George and Laura Sittin’ in a Tree - Well, Mitch McConnel did say Republicans are more “ fun and interesting “ ... . You Can’t Bank on the Banks - Finally, an explanation for the banking crisis . Hip-Hop Finance ... thing the Japanese love better than robots are really annoying commercial soundtracks . Obligatory [more...]
Date: 2009-02-28 17:44:36
The Big Break-Up
Simon Johnson: Privatize The Banks Already, by Simon Johnson: .. ... perhaps, we have the expansion of the Fed’s balance... In effect, the Fed is becoming a commercial ... . We have state control of finance without, well, much control over banks or anything else - we can limit [more...]
Date: 2009-02-24 04:57:54
A senior debt moment
It's a great irony, this notion of nationalization of the banks -- at least the version that guys like Greenstain call for ... of finance comes from the merger of the commercial and investment banks, way way back [more...]
Date: 2009-02-26 05:16:24
Citi posts $8.29B loss and splits
After announcing a quarterly loss of $8.29 billion - a figure twice as much as analysts estimated - Citigroup Inc ... - the core commercial, retail and investment banking businesses - otherwise known as the "good bank ... the brokerage, retail asset management, consumer finance and most of the risky assets. It would [more...]
Date: 2009-01-16 16:39:22
Ireland urgently looking at banks' exposures-Fin Min
updated 15:56:19 Ireland is looking urgently at how to minimise the risks associated with its banks exposure to commercial property loans, Finance Minister Brian Lenihan said on Saturday. Exposure t read more ..... [more...]
Date: 2009-02-28 16:26:37
Massive Intervention in Citigroup This Morning
Something quite major happened in finance this morning ... . A commercial bank doesn’t necessarily need to mark their toxic assets to market if their intention [more...]
Date: 2009-02-27 13:33:13
Islamic Banking Helps An American Bank Succeed
A Hometown Bank Heeds a Call to Serve Its Islamic ClientsBy SAMUEL G. FREEDMANANN ARBOR, MICH ... in the growing specialty of Islamic finance. This year, the bank won an award from the American ... and commercial real estate in 15 states.This past week, while the stock market plunged to its lowest point [more...]
Date: 2009-03-07 14:13:51
Your Commercial Financing Options
by Thomas Hammond You may think that you already know a lot about financing because you have dealt with home and car loans in your personal life ... . Banks have been known to call these lines, so you have to be careful. Factoring is an area that is very unique. It is a form of financing whereby a lender essentially buys the accounts receivables [more...]
Date: 2008-08-15 13:09:26
Potemkin in Peking
As bad as the American economy is right now, there is at least one place where things are much worse: China ... feet of commercial real estate was added to Beijing’s skyline in just two years. One hundred million ... from Chinese banks to finance the new infrastructure have not been written down. Homes are still priced [more...]
Date: 2009-02-26 15:22:32
Mary Schapiro is Reportedly Obama’s Choice for SEC Chief
President-elect Barack Obama is expected to name Mary L. Schapiro – a strong proponent of protections for individual investors – to head the U.S ... of the SEC. She has been appointed to top finance-related government posts by two Republicans ... a near collapse of many top commercial banks, and forced the U.S. government to engage in a bailout [more...]
Date: 2008-12-18 13:47:00
Economists React: China ‘Becoming More Aggressive’
Economists and others weigh in on the Chinese central bank’s decision to slash interest rates ... margins) will further depress household incomes… Second, the policy of leaning on commercial banks ... than arms of the state. The upshot is that the government may end up having to finance [more...]
Date: 2008-11-26 13:54:21
Big Three Ask for Money, Spend On Lobbying
Executives for the Big Three auto makers are in Washington again asking for money. (Did you know they drove to Washington this time?!?!) ... lawmakers, especially those on the finance committees that heard this week from pleading GM, Ford ... of the available bailout money — securities and investment firms, commercial banks, mortgage companies [more...]
Date: 2008-12-05 17:08:19
Intercontinental WAPIC Insurance is Recruiting! HIGH PAYING OPPORTUNITIES!
Intercontinental WAPIC Insurance seeks to recruit well qualified and seasoned professionals to drive our function for results ... in finance & Banking or Arts and Social Science. Must have a minimum of second class lower ... of Enterprise Risk Management (ERM)models, quantities portfolio optimization with commercial optimization [more...]
Date: 2009-02-25 23:27:00
In The News Today
Dear CIGAs, Have you protected yourself? 90-Year-Old Madoff Victim Back at Work Thu Feb 19, 10:31PM ET A 90-year-old Calif ... on traditional commercial banking practices — taking in money and providing credit — that operate ... disappointment coming up here. We are having a great financial problem around the world. And finance doesn’ [more...]
Date: 2009-02-22 17:34:05
links for 2008-12-02
Treasury Finance Policy - knzn Investors Sue Countrywide Over Modified Loans - NYTimes.com Bailout Monitor Sees Lack of a Coherent Plan - NYTimes.com A Team of Whizzes - NYTimes.com Time for monetary authorities to jump into the liquidity trap - Willem Buiter Two perspectives on commercial and central bank solvency - Nick Rowe Where [more...]
Date: 2008-12-02 08:06:00
Factoring Basics
Factoring Basics Most sales to commercial clients usually carry 30 to 60 day payment terms ... disputes and charge backs. The reserve is rebated as soon as the invoice is paid in full. The factoring ... collateral. If you do not qualify for bank financing, your best bet may be to consider factoring. Factoring [more...]
Date: 2008-08-11 04:37:40
The Government’s Cure for Alcoholism—Whiskey, More and More Whiskey
For nearly a decade, Americans acted as though taking on more debt posed no problem ... go up. The mightiest magnates of finance acted as if they believed this stupid story—I say stupid ... . Thus, real estate loans at all commercial banks increased from January 2002 to January 2009 by 110 [more...]
Date: 2009-02-21 03:56:49
A brief note on upcoming bank earnings announcements
Earnings season is upon us and I think it bears remembering that earnings season has generally been associated with very bad news for banks over the ... because a UBS failure would mean a real Armageddon scenario for global finance. Next is HSBC ... . Nevertheless, with commercial property becoming an issu [more...]
Date: 2009-01-14 23:38:40
ANZ National says has NZ$4 bln to lend to SMEs and farmers
ANZ National said on Friday it had funding in place for more than NZ$4 billion in new lending to small to medium enterprises and farmers in 2009 ... National’s Managing Director for Commercial Graham Turley. ANZ National had an overall loan portfolio ... in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 [more...]
Date: 2009-02-23 03:00:34
HDIL Rolls Over Rs 2,500 cr Debt
Housing Development and Infrastructure Ltd (HDIL), a Mumbai-based property developer, has rolled over Rs 2,500 crore debt it has taken from commercial banks for the next 15-18 months, a top company official ... , deputy general manager, finance, HDIL. The company was borrowing funds at 13.25 per cent, he said. “ [more...]
Date: 2009-03-06 08:30:38
Declining Market Power Means Fewer Limits on Government
With much of American finance and industry either on the government dole or desperately trying to get on it, ... abandoning its business model in favor of status as a government-sheltered commercial bank. Nothing [more...]
Date: 2008-12-06 11:56:18
AMEX and CIT get bailout funds
GMAC is not alone in converting itself into a bank holding company in order to qualify for federal bailout money ... in taxpayer investment. The commercial finance company had announced Monday that the Federal [more...]
Date: 2008-12-29 15:17:32
HSBC: Long China, Short U.S.
HSBC Holdings , Europe’s biggest bank, says it hopes to boost its stake in China’s Bank of Communications ... of its U.S. consumer finance business as it seeks to put an end to its troubled 2003 purchase of Household by writing ... focus in the world’s biggest economy on corporate and commercial business, private and premier [more...]
Date: 2009-03-06 13:44:44
Debtx
Debtx News Posts Failed Banks Pose Test for Regulators - New York Times Blogs DebtX of Boston and First Financial Network of Oklahoma City, ... . Loan Auction Activity Picks Up - Real Estate Finance and Investment Boston-based DebtX will be auctioning more than $1 billion in commercial real estate loans before year end. "Banks are recognizing [more...]
Date: 2009-02-27 01:10:09
Yes Bank Chairman found dead at Oberoi Hotel
Ashok Kapoor, chairman of YES Bank Ltd. that's partly owned by Rabobank of the Netherlands, ... of the Asia/Australia branch network and the different business groups including commercial ... focused on corporate and structured finance for the Indian market. [more...]
Date: 2008-11-28 16:04:20
KCB Dodges Triton Bullet?
Kenya Commercial Bank released their 2008 financial results over the weekend. No ... , a surprising decision to extend real estate finance to estate developers t the tune of Kshs 250 [more...]
Date: 2009-03-02 13:36:00
Geithner’s Multitrillion Dollar Bailout
Treasury Secretary Timothy Geithner in the anteroom before testifying at the Banking Committee on Capitol Hill. ( ... , inject more capital into banks and use Treasury and Fed money to finance up to $1 trillion in assets ... new loans for auto, student loan, credit card and now commercial real estate backed assets [more...]
Date: 2009-02-11 03:41:36
A Federal Investment Bank For Renewable Energy
With the current financial crisis, the US has become like a typical third world nation –it’s now practically impossible to get ... developers and lenders finance projects in the developing world where commercial lending [more...]
Date: 2008-12-10 20:39:28
Cap Wrap - Senate Finance & Empty House
Texas Capitol Today, at the Capitol ... - Good ol' Senate Finance meets today at 8:30 a.m. Today, they'll be analyzing funding for commercial regulatory agencies - everyone from the Department of Banking to the Board of Dental Examiners will get a close look. Here's an agenda [more...]
Date: 2009-02-19 22:59:39
