Funding for development of the gas field is now on hold, he said, due to banks' concerns about the new tax regime.
Charles Calomiris, also warned of an Armageddon for European banks due to their over-weighted loan commitments to the European sovereigns.
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Ironically, this is partly due to central banks' success in defeating inflation.
Cyprus is still trying to figure out how to bail out its banks due to their losses on Greek debt and a downturn in its real estate market.
Some limited English proficient (LEP) Korean American homeowners simply give up communicating with banks due to the language barrier, instead paying a broker to communicate with the bank on their behalf.
On Tuesday, shifting its focus from the weaker parts of the euro zone to the core, it cut the credit ratings of six German banks due to potential contagion from the rest of the financial system.
On the consumer banking side, a more normal yield curve would benefit banks like Morgan Stanley due to a better lending environment as banks can borrow short-term rates and lend long-term.
But the financial crisis did not involve commercial banks failing due to investment banking activities.
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It involved investment banks failing due to traditional commercial banking activities, such as issuing and holding mortgage backed securities.
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But none of the banks still due to report, not even a resurgent JP Morgan Chase, is expected to come close to Goldman's blow-out performance.
"The prosperity of Asian banks is due not to good management or innovation, but to protectionism and cartels, " says Robert Zielinski, research chief of Jardine Fleming brokerage firm in Singapore.
Commercial business lending is quite active in part as customers of RBS and Lloyds have been running for the hills (ie other banks) due to uncertainty over their long-term funding.
But it could allow the lifting of the bank holiday, and the banks were due to open for five hours on April 26th, in the expectation that few depositors would be allowed to withdraw their savings.
It seems banks are much weaker today thanks to bailouts of the financial and accounting variety that delay their necessary acquisition by better managers, not to mention the capital destroyed over the years due to poorly run banks being given new leases on life.
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Stress tests of Europe's biggest banks are due to be released on July 15th and are expected to show that the region's banking system could absorb the losses from a Greek default with only a dozen or so banks having to raise extra capital.
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Loans taken out by banks would come due and would simply be rolled over or repaid with the proceeds of fresh loans.
In the first quarter ended March, deteriorating loans continued to impact these banks as past due loans rose for the 16th consecutive quarter.
City residents were urged to evacuate after the authorities warned them that Bangkok's Chao Phraya River could burst its banks over the weekend due to high tides, which are expected to last until Monday.
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Meanwhile, not only have foreclosures continued to rise even as the economy recovers, but there is a large backlog of pending foreclosures in the pipeline, backed up due to the paperwork logjam at banks.
Goldman hopes to be able to settle its debt to the taxpayer once it gets the result of the stress tests being conducted on America's 19 largest banks, which are due to end at the end of April.
As we witnessed over the earnings season, the retail operations for these banks are incredibly important due to their stability, and the capital markets related businesses such as trading and investment banking have been extremely volatile given the macro headwinds.
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Furthermore, although there has been some form of a conclusion to the Greek debt crisis, there hasn't been a resolution to the sovereign-debt crisis in Europe and the inability of banks to warehouse risk due to risk and regulatory considerations, said analysts at Nomura.
The U.S. dollar index traded lower Thursday, in part due to the news of the central banks injecting greenbacks into the European financial system.
It should also help illuminate new national security-related risk factors particularly in the post-September 11 era that need to be incorporated into the "due diligence" risk assessments of investment banks, fund managers and other market players.
It should also help illuminate new national security-related risk factors -- particularly in the post-September 11 era -- that need to be incorporated into the "due diligence" risk assessments of investment banks, fund managers and other market players.
And one of the big causes of the great crash of 2007-8 is that over 30 years - due in part to appalling regulation - banks were allowed to reduce their capital reserves to a tiny fraction of their massive loans and investments.
However the report does acknowledge the improvement in core performance from the banks, and says it is due to two main factors.
Schools, colleges and banks in Srinagar were closed Wednesday due to a strike called by India separatists in protest over Mr. Guru's death.
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During the probe, the RBI said, it observed that some banks were not carrying out customer due diligence while marketing and distributing such products.
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