Search Results for: Bank of America
Venezuela ordered to pay $1.6 billion to Exxon
October 10th, 2014
International arbitration panel rules against South American nation in oil project complaint. An international arbitration panel has ordered Venezuela’s socialist government to pay $1.6 billion to ExxonMobil for the seizure of a major oil project in the South American ...
Former Fed Chairman Bernanke takes stand in AIG bailout trial
October 10th, 2014
Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government’s bailout of American International Group (AIG.N) in 2008, describing how policymakers sought to avoid giving AIG shareholders a “windfall” through a rescue. Bernanke’s ...
Interview with St. Louis Fed Vice President on Bitcoin
October 9th, 2014
Dr David Andolfatto, who is Vice President of the St. Louis Federal Reserve, has been one of the most forward-looking people at central banks around the world when it comes to crypto-currencies. Here he speaks with Max Rangeley, Editor ...
I.M.F. Asks Rich Nations for Support
October 8th, 2014
The International Monetary Fund said that cash-rich countries needed to step up large public investments to help keep the flagging global recovery on track. The International Monetary Fund, showing heightened concern over a slowing world economy, said on Tuesday ...
A.I.G. Bailout, Revisionists’ Version
October 7th, 2014
Maurice R. Greenberg, A.I.G.’s former chief and a large shareholder, has spun a ludicrous tale in court that the bailout of the insurer was unfair to its investors. Was the bailout of the American International Group by the government ...
Asian markets rebound on positive US jobs data
October 6th, 2014
Asian markets rebounded from a string of declines on Monday after stronger-than-expected US payroll data. US Labor Department figures showed 248,000 jobs were created in September and the unemployment rate dropped to a six-year low of 5.9%. Japan’s Nikkei ...
When the carnival is over: Australia’s surprising G20 legacy
October 6th, 2014
The genesis of the G20 is a tale of two crises. The first — the Asian financial crisis — led to the creation of the G20 as a meeting of finance ministers and central bank governors from 19 of ...
FXCM Receives Consensus Recommendation of “Buy” from Brokerages
October 3rd, 2014
Shares of FXCM (NASDAQ:FXCM) have received a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, American Banking & Market News reports. Six equities research analysts have rated the stock with a buy recommendation, ...
Putin sees strong Russian Economy, but advisers disagree
October 3rd, 2014
Though the president depicted an open and stable economy, senior officials acknowledged slow growth and the flight of foreign investors. President Vladimir V. Putin did his best to paint a rosy picture of the Russian economy in a speech ...
JPMorgan faces cyber attack with more than 76 Million accounts compromised
October 3rd, 2014
The disclosure by the bank dwarfs earlier estimates that hackers had gained access to roughly one million customer accounts. A cyberattack this summer on JPMorgan Chase compromised the accounts of 76 million households and seven million small businesses, a ...
