Banks traditionally lent to UK small/medium sized companies against security which included a debenture charging all their assets.
The security afforded by such a debenture is far less today than it used to be. 228 more words
.. well , to be honest , they did not belong in the euro in the first place . Their finances were never in good enough condition to meet what are called the ” Maastrict Criteria ” for entering the Eurozone .. 166 more words
JP Morgan Chase CEO Jamie Dimon thinks Massachusetts Senator Elizabeth Warren doesn’t “understand global banking system”.
So, Dimon and Warren don’t have a basic disagreement on how banks should be managed and regulated. 695 more words
by Jerry Alatalo
ou wonder if the announced candidates for President of the United States will become asked for their opinions on Bernie Sanders’ legislation to break up America’s largest banks. 829 more words
By Paul Lewis
Lynch said the deal she reached with HSBC in 2012 ‘does not provide any protection against prosecution for conduct.’ Photograph: J Scott Applewhite/AP… 1,157 more words
All is not well with India’s public sector banks (PSBs).
The PSBs, which account for over 70% of the assets in the banking system, face enormous challenges—a worrying level of non-performing assets, low credit growth in a stalled economy and capital requirements of Rs 500,000 crore ($800 billion) over the next five years. 641 more words