TOKYO/OTSU (Reuters) - Japan's annual export growth in February was short of market expectations and a Bank of Japan policymaker warned about the outlook as the world's third-largest economy faces a sales tax hike next month that could dent economic ac...
“The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Those are the words of Matt Taibbi, and although they may not be as famous as the lyrics of a few rappers and Top Ten titans, they […] The post Being Liked appeared first on Lefsetz Letter.
An interview with Branko Milanovic of the City University of New York, a longtime development expert at the World Bank, on how globalization has reduced income inequality between nations.
The New York Knicks are banking $60 million on Phil Jackson's magic touch, but Carmelo Anthony is reportedly unwilling to give the Zen Master his own vote of confidence. That's the reality in the world of ESPN personality Stephen A.Show More Summary
Tyler Cowen reports on this: There was a brief symposium, here are the results: Larry Summers President Emeritus of Harvard University, Former Chief Economist of the World Bank My sense is that cap and trade is not the route to the future. It did not make it politically in the...
Homophobia costs India $31 billion annually. Thus is the finding of the World Bank after a preliminary study that attempted to measure the economic cost of excluding sexual minorities. In short, acts of homophobic social exclusion - violence, job loss,...
Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for ATMs and face additional costs to Microsoft to keep them secure. ||| Matt Scuffham and David Henry...Show More Summary
Falling commodity prices have dealt a hard blow to Indonesia, one of the world's largest suppliers of minerals and agricultural commodities. But there's a silver lining: It may drive investments into other sectors, the World Bank sa...
Believe it or not, roughly 95 percent of ATMs in the world are still running Windows XP — and that’s about to become an expensive problem. Machine designer NCR says that only a third of banks will upgrade their ATMs to a newer OS before official XP support ends on April 8th, leaving many institutions... Read More
The FDIC has sued 16 of the largest banks in the world plus the British Bankers Association (BBA) alleging that they engaged in fraud and collusion to manipulate the London Inter-bank Offered Rate (LIBOR). BBA called LIBOR “The most important number in the world.”
LONDON (Reuters) - The world's biggest banks still could not be dismantled safely, more than five years after the collapse of Lehman Brothers, the Bank of England's deputy governor for financial stability said on Monday.
The World Bank is stepping up efforts capable of coincidentally realizing the twin goals of alleviating poverty and conserving biodiversity. Having invested over $4 billion in biodiversity conservation projects worldwide since 1988,Show More Summary
Lambert here: Ahem. By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Originally published at New Economic Perspectives The FDIC has sued 16 of the largest banks in the world plus the British […]
Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world – their status and salaries soaring as regulators force financial institutions to clean up. ||| London - Once modest of pay and profile,...Show More Summary
Sixteen of the world’s biggest banks have been sued by the US Federal Deposit Insurance Corporation for allegedly manipulating the London interbank offered rate (Libor) from 2007 to 2011. ||| Manhattan - Sixteen of the world’s biggest...Show More Summary
Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring. ||| LONDON - Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up. Show More Summary
LONDON (Reuters) - Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up.
(Reuters) - Mizuho Bank, one of Japan's largest lenders, has became ensnared in North American legal fallout from Mt. Gox, once the world's biggest bitcoin exchange, which collapsed last month after losing nearly half a billion dollars worth of custome...
``The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate... The financial institutions' conduct caused "substantial losses" to 38 banks that the U.S. Show More Summary
Some of the world's largest banks are accused of conspiring to keep a key global interest rate low to enrich themselves.