stanfordinternational.com - 2/12/2009
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Attractive interest rates are a feature of all SIB products. By channeling available resources into profitable activity, the Bank is able to pay comparatively higher interest to depositors. As a member of Stanford Private Wealth Management, the Bank has benefitted greatly from the services and ...
blogs.ft.com - 2/9/2009
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blogs.ft.com —
The truth of a proposition is independent of
how many people believe it to be correct. The...
merits of a proposal are likewise not enhanced by the number of people supporting it or making similar proposals. Still, humans, like other pack animals, ...
(more)
Good Bank/New Bank vs. Bad Bank: a rare example of a ...
optionarmageddon.ml-implode.com - 2/17/2009
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optionarmageddon.ml-implode.com —
The table below is an update from this
post published a couple months ago (the prior post...
also explains this leverage calculation in detail…and why it matters). Click on the image to enlarge. As you can see, Morgan Stanley and Goldman ...
(more)
Bank Leverage Stats, 12/31/08
cnbc.com - 2/9/2009
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cnbc.com —
The Obama administration’s wide-ranging plan to stabilize the
financial system no longer includes creating a "bad bank"...
but will still contain measures to buy up toxic assets from financial institutions, according to a source familiar with the plan. ...
(more)
Bank Bailout and Rescue: 'Bad Bank' Is Dropped From ...
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Houston Firm Said to Draw Inquiry Over C.D.'s
DealBook —
... of the Miami Heat basketball team, says it invests in corporate stocks, real estate, hedge funds and precious metals, and benefits from lower overhead than other banks. A spokesman for the firm has called the recent BusinessWeek story a “rehash of old gossip and unsubstantiated allegations.” Alex Dalmady, an independent financial analyst, has raised questions about Stanford Group’s unusually steady profits. In an interview with Bloomberg News, Mr. Dalmady called Stanford’s returns “just incredible, in the sense that I don’t believe them.” On Wednesday, there was another ...
Stanford International’s “Incredible” Returns Under Scrutiny
Paul Kedrosky's Infectious Greed —
... The [Federal] agencies are investigating Stanford’s sales of certificates of deposit issued by its Antigua-based affiliate, Stanford International Bank Ltd., according to the former employees. The agency has asked former employees about the bank’s stated returns on investment, between 10.3 and 15.1 percent every year from 1995 until last year, according to documents and annual reports on the bank’s Web site. SIB has $8.5 billion in assets and 30,000 clients, according to the site. ...
Readings: Dubai downturn, Madoff v2.0, Chinese stimulus
GalaTime —
... The agency has asked former employees about the bank’s stated returns on investment, between 10.3 and 15.1 percent every year from 1995 until last year, according to documents and annual reports on the bank’s Web site. SIB has $8.5 billion in assets and 30,000 clients, according to the site. ...
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Press Releases - PR-32-2009 2/27/2009
fdic.gov 2/28/2009 — Bank of Nevada, Las Vegas, Nevada Assumes All of the Deposits of Security Savings Bank, Henderson, Nevada Security Savings Bank, Henderson, Nevada was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit ...
Preview Of PBS Frontline: 'Breaking The Bank' Airs June 16 (Video)
dailybail.com 6/15/2009 —
The bets were huge and risky—billions of dollars on the housing market. The upside was undeniable—superbanks reaped billions of dollars, dominated the landscape, and gobbled up competitors. Then the bottom dropped out—the massive losses on Wall Street nearly broke ...
RBNZ March MPS tomorrow
tvhe.co.nz 3/10/2009 — The Reserve Bank will decide how much to cut interest rates tomorrow.
The market is currently expecting between a 50bp and a 75bp cut. However, there is still potential for a 100bp cut if the Bank downgrades their growth forecast sufficiently.
Ultimately, it will all be about the ...
Recession over, Bank of Canada says
cbc.ca 7/24/2009 — The recession is over, the Bank of Canada said in its quarterly Monetary Policy Report released Thursday. After shrinking since the last quarter of 2008, the Canadian economy will grow by an annualized rate of 1.3 per cent in the current quarter, the ...
France’s Lagarde Says BOE Should Do More to Support Pound
bloomberg.com 1/22/2009 — Jan. 21 (Bloomberg) -- French Finance Minister Christine Lagarde said the Bank of England should do more to support the pound after it fell to the lowest since Margaret Thatcher was prime minister. “The Bank of England does what it can, but its ...
A Good Day For The Good Guys
dailybail.com 4/24/2009 —
I remember the weekend in question last September very clearly. Fannie and Freddie had failed. AIG was teetering. A meeting was called, ostensibly to find a buyer for Lehman Brothers (Barclays ultimately balked at the absence of Fed assistance-sharp Brits!), but the ...
Guaranty Financial: Probably "Not be able to continue as a going concern"
calculatedriskblog.com 7/24/2009 — To start BFF off ... Guaranty Financial Group filed an 8-K with the SEC last night (ht Russ). Here are a few excerpts: [T]he Company no longer believes that it will be possible for the Company or the Bank to raise sufficient capital to comply with the Orders to Cease and Desist described in the ...
Bank bonuses: Sound and fury —
The Economist: Full print edition 2/12/2009
The virulent debate over bankers’ pay ignores bigger problems—especially governance RAGE can be cathartic and constructive. But the outbreak of anger about bankers’ bonuses is muddled and comes too late. The way that many bankers ...
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