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Standard Chartered and Galilee

Among the international banks that might finance Adani’s massive Carmichael coal mine, and the associated rail line and port development, the most significant is probably Standard Chartered of the UK, currently Adani’s largest lender outside India. Show More Summary

World Bank Warns of Total Collapse of Economy in Gaza

IMEMC | — The World Bank will be presenting a report to the bi-annual Ad Hoc Liaison Committee (AHLC) meeting on May 27, 2015 in Brussels that highlights the Gaza Strip’s economic…

Historian Cracks a Code and Discovers a Possible Portrait of Shakespeare

3 hours agoArts : Hyperallergic

"I know a bank where the wild thyme blows," William Shakespeare wrote in a stanza from A Midsummer Night's Dream.

HDFC Bank Picks Up Minority Stake In

HDFC Bank, India’s largest private sector bank by market capitalization, is picking up a minority stake of reportedly 1% in auto classifieds

5 Artists Who Deserve to Be on the New British £20

Thumbnail via Adam Smith's out; Tuesday morning at the Victoria & Albert Museum in London, Bank of England Governor Mark Carney announced that the UK is seeking nominations for the new face of their £20 banknote. Instead of any old politician...Show More Summary

Export-Import Bank issue promises more Republican strife

Rep. Jeb Hensarling (R-TX) Sen. Maria Cantwell's very dubious trade for her "fast track" vote Thursday to allow the Trade Promotion Authority legislation to go forward. She demanded from leadership, and got, votes in both chambers to extend the Export-Import Bank, the federally backed lender that helps corporations sell products overseas. Show More Summary

Which Artist Will Grace England’s New £20 Bill?

6 hours agoArts : Hyperallergic

The Bank of England has announced that a visual artist will grace the new £20 bill.

?Target's breach settlement with MasterCard collapses

A $19 million deal to settle lawsuits from the massive 2013 hack falls through because not enough banks went for it

Bank of England to Look Into Implications of EU Exit

The Bank of England is drawing up plans to examine the effect on Britain's financial sector of a possible U.K. exit from the European Union, the Guardian newspaper reported Friday--citing an email accidentally sent to one of its editors by a BOE official.

Market Wrap: Stocks End Lower on Fed Rate Hike Forecast

Richard Drew/AP By Noel Randewich NEW YORK -- U.S. stocks ended weaker Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations. Lackadaisical...Show More Summary

Is Greece Still a Country if Someone Else Owns Its Assets?

This story isn’t actually about Greece, but it begins there. After the country went functionally bankrupt a few years ago, the solutions proposed by its creditors (mostly European banks and governments) included the impoverishment o...

Follow Panama: Dollarize

Most central banks do one thing well: they produce monetary mischief. Indeed, for most emerging market countries, a central bank is a recipe for disaster. The solution: replace domestic currencies with sound foreign currencies. Panama is a prime example of this type of switch. Show More Summary

3 Smart Ways to Learn How to Travel The World

Travel can open up an entirely new world of possibilities for you. And you don't have to break your bank account to enjoy the benefits.

Bank Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper

The first rule of “Project Bookend” is that you don’t talk about “Project Bookend.” In retrospect, maybe the first rule should have been “you don’t accidentally e-mail ‘Project Bookend’ to a news agency”, because as the Guardian reports,...Show More Summary

Gaza Strip Economy on ‘Verge of Collapse,’ World Bank Says

9 hours agoNews : NYTimes: News

A report pointed to problems caused by the war with Israel last summer and border restrictions, and said unemployment was the highest in the world.

Is the party over for real estate investing?

``America's central bank is signaling that it will raise interest rates, likely sometime later this year. As interest rates rise from their historic lows, so will bond yields. Suddenly investors who have been buying REITs in lieu of bonds are rethinking that decision.''

$19M data-breach settlement between Target and MasterCard is scrapped

A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's pre-Christmas 2013 data breach has been scrapped, because it didn't get enough support from banks and... To view the full story, click the title link.

3 Of The 5 Big Bank Guilty Pleas Aren't All That They Seem To Be

10 hours agoNews : Huffington Post

The Obama administration on Wednesday announced what for years had seemed inexplicably unattainable: guilty pleas from the parent corporations of some of the world's largest banks. Barclays Plc, Citigroup Inc., JPMorgan Chase & Co. and...Show More Summary

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