After a time, the bank is allowed to commence a repossession process that can result in the house being auctioned off to the highest bidder.
When is the last time you heard the leader of a major investment bank tell it like it is.
So, will someone please tell me why we still have the continued misinformed and misguided war on banks at a time when bank lending is so much needed to keep the fragile economic recovery going?
The FDIC has given East West Bancorp some breathing room to deal with the assets of the failed banks, but we wonder if management is having a harder time integrating United Commercial Bank and Washington First International than it originally planned.
Also introduced on Friday, another measure adds a 15 percent tax surcharge every time a purchase is made outside the country using a credit card issued by an Argentine bank.
Sterilization in economic terms means a Central Bank is spending time and treasure managing capital inflows.
With the economy's prospects still so uncertain, perhaps it is time for the Bank itself to undergo a spot of restructuring and find a new management.
It is the second time the big investor group has formally identified a target since its landmark Bank of America settlement, which is currently being vigorously contested.
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Bank of Canada head Mark Carney will succeed Mervyn King as governor July 1 in a surprise move for the Bank of England, at a time when the U.K. is facing difficult economic times.
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When is the last time you stood in line at a bank without checking your iPhone?
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For a company approaching a bank for the first time, just finding the right department and the right people is a daunting, often impossible, task.
FORBES: New York's FinTech Innovation Lab Links Startups To Big Banks
Mr Lambert, who is a former Financial Times editor and one-time member of the Bank of England's Monetary Policy Committe, said the current discourse between the politicians and the bankers was not helpful.
For some time, the bank has had a hiring freeze, but the president is now seeking board approval for 30 additional positions.
Which is why in a time of panic they may well stop lending to any bank which may have a direct or indirect exposure.
Netanyahu has been under pressure from Israel's central bank to maintain fiscal credibility at a time when the economy is slowing and tax revenues are falling short.
What won't stimulate the economy in the short term is the creation of a Small Business Bank since that will take some time - perhaps 18 months - to set up.
Well three and a half years after Sir Richard Branson's Virgin Money first tried and failed to buy Northern Rock, there is a reasonable chance that it will end up buying the bank this time.
BBC: No chance of Northern Rock becoming building society again
It is also time to put to rest a popular but fallacious view that since central-bank reserves equal only a fraction of the daily turnover on foreign-exchange markets, intervention is merely a drop in the bucket.
The package is the second time that the Bank has offered financial support to African countries, following a similar payout to Malawi earlier this month.
It is the first time since the 1960s the Fed has opened its borrowing window to a non-bank.
This is the first time that the PBOC has cut bank reserve levels in three years, signaling a decisive shift in monetary policy.
At the same time, overseas traders are preparing for a Tuesday announcement from the Bank of Japan, which is expected to introduce more monetary easing.
And one of the challenges in terms of rebuilding our economy is businesses have gotten so efficient that -- when was the last time somebody went to a bank teller instead of using the ATM, or used a travel agent instead of just going online?
The bank's huge funding needs are impossible to meet at a time when credit is globally scarce.
In such a situation, Mr Chhibber points out, all the Bank can do is bide its time.
As a lawyer himself, and the bank's general counsel at the time of the Countrywide purchase, Mr Moynihan is in a good position to judge.
Dimon said the bank is looking intently at opportunities in Latin America, Asia and Europe at a time when growth opportunities in the U.S. appear limited, Shafer reports.
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Before that, Pequot was mired in another insider-trading probe, this time involving Samberg's friend John Mack, a longtime Morgan Stanley executive who is now CEO of the investment bank.
The irony is that until recently the Bank was worried about the obdurate strength of consumer expenditure at a time when the public sector was turning into a big spender.
In New Zealand, whose currency is a favorite trade of yen carry-traders, the central bank raised rates for the fourth time this year on Thursday, to 8.25, but signaled it was probably done with its tightening.
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