Financial Services Industry
Industry: Email Alert RSS FeedIndustry watch: View from the bridge.
Pensions Week, March, 2008
Byline: Norman Russell
Whip-round
The headline in last Wednesday's FT when I dictated this piece was 'Fed leads $236bn boost'. Remember the old adage? If you owe the bank GBP100, it's your problem. If you owe them GBP1m, it's their problem. But, if the banks owe each other sums beyond the wildest imaginings of Croesus and are refusing to lend one another a cent or euro more, it's not the banks' problem, instead it's ours and the central banks'.
To put into context the numbers with which governor Mervyn and chairman Ben (Bernanke of the Federal Reserve) are grappling - last July, chairman Ben estimated financial sector losses on US subprime mortgages at $100bn. Professor Roubini of New York University's Stern Business School now estimates...
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by the Premiere Rewards Gold Card from American Express