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Pull out that bank and you basically have a materials and oil portfolio.
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Local raw materials--say, olive wood from the West Bank for a Nativity scene or wool from alpacas raised in the Andes foothills for a knit hat--are favored.
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Banco Verde Vida (Green Life Bank) pays with its moeda verde (green currency) for recyclable materials such as plastic bottles, tins and used cooking oil.
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The bank also has to make some changes to its compliance activities and give marketing materials a closer review.
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My reasoning is that resource stocks have a very strong run (the materials sector was up 35.8% last year) while bank stocks appear to be close to fully priced.
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And with your Nuclear Threat Initiative, you helped us ratify the New START treaty, rally the world to secure nuclear materials, strengthen the global nonproliferation regime, and create an international fuel bank for peaceful nuclear power.
WHITEHOUSE: The White House
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The World Bank and other international agencies don't do enough to stop the use of asbestos in construction materials.
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Naturally, the investment bank will not admit to any wrong doing aside from going light on the details on some marketing materials.
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UBS, filed a lawsuit against a rival, Deutsche Bank, for refusing to pay out on a credit derivative on Armstrong World Industries, a maker of building materials based in Pennsylvania.
ECONOMIST: Credit derivatives
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One of China Development Bank's specific tasks is to try to alleviate and, where possible, eliminate bottlenecks in supplies of raw materials or land for China's economy.
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Next to the bank's entrance there is a small store where people can use their green bills to buy food or cleaning materials at very low prices.
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