European Central Bank chief Jean-Claude Trichet’s announcement that the Bank for International Settlements is to become the primary engine for global governance is a shocking admission given the fact that this ultra-secretive menagerie of international bankers was once controlled by top ... Read more...
The partial list of those killed published on the Web site of President Lech Kaczynski's Law and Justice Party includes: Lech Kaczynski -- Polish president Maria Kaczynska -- The president's wife Ryszard Kaczorowski -- Poland's last president-in-exile Aleksander Szczyglo -- head of... Read more...
Is the Federal Reserve forever blowing bubbles? With interest rates hovering at historic lows, some economists and investors fear the Fed's easy-money policy could create another asset bubble. But others don't see a need to hit the panic button just yet. Critics want the central bank to start ... Read more...
The closures of Statewide Bank in Louisiana and Florida's Old Southern Bank brought the number of bank failures this year to 30, according to the Federal Deposit Insurance Corp. Even though both banks were closed Friday by state regulators, customers can continue using checks and cards because ... Read more...
NEW YORK (CNNMoney.com) -- The first bank to fail in 2010 is Horizon Bank, based in Bellingham, Washington. State regulators seized the bank's 18 branches on Friday. But Horizon customers are protected. The Federal Deposit Insurance Corporation, which has insured bank deposits since the Great... Read more...
NEW YORK (CNNMoney.com) -- Because oil prices have always been directly related to the strength of the economy, a recovery might have seen headlines like these: • The recession ends: Get ready for $100 oil • The economy roars: $140 oil, is there an end in sight? • Everyone in China buys a... Read more...
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