Funding for development of the gas field is now on hold, he said, due to banks' concerns about the new tax regime.
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.
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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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.
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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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.
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.
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.
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.
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.
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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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.
Glass Steagall was passed to prevent commercial banks taking government insured deposits from failing due to losses incurred through riskier investment banking activities (issuing stock and other securities).
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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.
"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.
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.
The Thai banking sector is one of the fastest-growing in Asia due to loan growth, healthy spreads between banks' funding costs and lending rates, and falling expenses.
The difference in lending may be due in part to the fact that bigger banks tend to have a client base that itself is bigger, more credit worthy and more export oriented.
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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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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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Now at that time of year, you wouldn't expect the banks to put all that net 191bn euros of new money to work in a proper sense: it will take time for that money to be used repaying the banks' own debts that fall due for repayment, or providing new loans to customers.
Ultimately, increasing China's share of IMF funding is in China's and the world's interests, but the terms must be beneficial to China, not merely to west European or American banks that ran up massive exposures to some emerging markets due to reckless lending.
That was mainly due to the widespread sale of gold by central banks around the world.
In the first quarter ended March, deteriorating loans continued to impact these banks as past due loans rose for the 16th consecutive quarter.
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