Bank Deposits News
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Cyprus may need additional financing if its economy contracts more than expected or there are slippages in implementing the terms of its bailout program with the euro area and International Monetary Fund, IMF staff said.
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Central banks should be careful what they say about the future if they want flexibility to set monetary policy.
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BlackRock Inc. and Western Asset Management Co. are offering a new twist on traditional money- market funds as regulators are set to impose sweeping changes on the $2.58 trillion industry.
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President Barack Obama and first lady Michelle Obama held total assets between $1.9 million and $6.9 million last year, with as much as $515,000 of it in JPMorgan Chase & Co checking accounts.
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America’s aggressive strategy for tackling its financial and economic ills is working better than Europe’s go-slow approach -- and investors are taking notice.
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There may be no government action more universally reviled in the U.S. than bank bailouts. Republicans and Democrats, financial industry lobbyists and watchdogs, Wall Street executives and President Barack Obama say taxpayers should never again rescue a failing bank.
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Cash flows at China’s life insurers will be squeezed this year by customers canceling contracts out of frustration with low returns and an increase in maturing policies, according to BoCom International Holdings Co. and Capital Securities Corp.
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The surge in demand for dollars in Argentina that increased the black-market price to a record 10 pesos per dollar is causing banks to ratchet up deposit rates as they try to lure back savers.
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Non-resident deposits in Latvia, which plans to adopt the euro in 2014, will swell as cash leaves Cyprus after the island’s bailout, according to Moody’s Investors Service.
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As Greece lurched toward its first bailout in early 2010, the largest bank in Cyprus was stocking up on Greek bonds.
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