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Items tagged with: banks
Tag was last used: Jul 8, 2009
 
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Posted By:  zephyr
Posted On:  Jul 8, 2009

  Bahamas: Loss provisioning loses more ground to non-accruals

By VERNON CLEMENT JONES ~ Guardian Business Editor ~ vernon@nasguard.com: Loan loss provisioning at the country's commercial banks continues to lose ground against growing arrears, says the latest Central Bank report. It's a phenomenon only expected to worsen. "Banks augmented loan loss...... [view]

Posted By:  zephyr
Posted On:  Apr 6, 2009

  UK's Brown to call in banks on imposing G20 rules on tax havens

LONDON, England (Reuters): Prime Minister Gordon Brown said on Sunday he would be calling in the heads of British banks to discuss how new international rules on supervision of tax havens agreed at the G20 will be implemented. He said this process would start on Monday with an initial meeting...... [view]

Posted By:  zephyr
Posted On:  Apr 1, 2009

  The G20 Summit - or the T20?

By Kamalesh Sharma: Commonwealth Secretary-General - Ninety percent of global GDP will be represented at the G20 table in London on 2nd April. All that will be missing is 90% of the world’s countries. The simple fact of globalisation dictates that all countries, the world over, have...... [view]

Posted By:  zephyr
Posted On:  Mar 10, 2009

  Evidence of CLICO Guyana's investment in the Bahamas, says minister

GEORGETOWN, Guyana: As the controversy surrounding CLICO (Guyana) investments deepens - matters here have taken yet another swing as Minister of Finance Ashni Singh said that his Ministry received several documents from the Judicial Manager of CLICO Guyana last week evidencing that there is an...... [view]

Posted By:  zephyr
Posted On:  Mar 9, 2009

  CLICO fears shared by entire Caribbean

GEORGETOWN, Guyana (GINA): On March 5, the shares of the great Citigroup, once one of the largest banks and companies in world, traded for only 97 US cents on the New York Stock Exchange. Unfortunately, this is not a unique situation. It has been repeated with many other financial institutions...... [view]

Posted By:  zephyr
Posted On:  Mar 5, 2009

  British PM calls for ban on tax havens

WASHINGTON, USA (AFP): British Prime Minister Gordon Brown Wednesday took aim at tax havens suggesting they should be outlawed just a few weeks before he hosts the G20 summit in London. "You are also restructuring your banks. So are we," Brown said in a landmark address to the US Congress...... [view]

Posted By:  zephyr
Posted On:  Feb 17, 2009

  Economic turmoil is worse than terrorism

MOSCOW. (RIA Novosti political commentator Andrei Fedyashin) - The European Union is beginning this difficult week with the discussion of its financial problems, which are getting more serious with every passing day. From February 16 to 20, European finance ministers and heads of central...... [view]

Posted By:  zephyr
Posted On:  Jan 22, 2009

  Obama's Economic Plan Is Not Going to Save Us

By William Greider, The Nation: The nation's fast-darkening circumstances define the essential dilemma of Barack Obama's presidency. His instinct is to govern by consensus, in the moderate middle ground of politics. Yet dire events are pushing the new president toward solutions more...... [view]

Posted By:  zephyr
Posted On:  Nov 17, 2008

  Barack Obama's historic victory (1)

By RICHARD FALK* The historic victory by Barack Obama is the first truly global election that has been celebrated by people around the world as if they had been voting participants. The re-election of George W. Bush in 2004 was also a national election with global reverberations, but it...... [view]

Posted By:  zephyr
Posted On:  Nov 16, 2008

  The Washington meeting

Reflections by comrade Fidel: According to recent statements, some supportive governments do not cease to say they want to facilitate transition in Cuba. What kind of transition? Transition to capitalism, the only system they have absolute faith in. They do not say a word about the merits...... [view]

Posted By:  zephyr
Posted On:  Nov 1, 2008

  The Worst Variant

Reflections of Fidel: TODAY I read that the U.S. Federal Reserve had opened a new line of credit for the central banks of Mexico, Brazil, South Korea and Singapore. The same report claimed that similar credits have been issued to the central banks of Australia, Canada, Denmark, the...... [view]

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