What is a conservative bank, based in Atlanta, doing making an aggressive acquisition of a credit card clearing company in Miami?
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It's only touched upon lightly in the G30 report, but it is evident that in the U.S. the central bank is taking on a role that is way beyond any traditional conception of what a central bank should be doing.
For a bond investor, the answer largely hinges on two assumptions: What is the probability of a bank defaulting?
So, what a bank actually does is borrow short and lend long: Brad Delong has used this as a definition of a bank.
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Chase understands what this latest heat is all about, said a source familiar with what is the largest US bank when measured by assets.
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Moreover, the convoluted method of determining what common equity is reinforces the belief that no one really knows, or can calculate, what capital is by looking at a bank statement.
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But, of course, the embarrassment is greatest for Barclays, which is fast losing what is as important to a bank as capital to absorb losses, namely a reputation for integrity and competence.
What Turkey has is a central bank that has brought it to the abyss with a disastrous move to float the lira, resulting in a harmful devaluation that has destroyed banks and businesses.
The reason any of this matters is that what is being sold is largely a small-business bank - almost two-thirds of its loans are to businesses, especially smaller ones - and right now one of the alleged great scandals of the British economy is the great shortage of choice for small businesses in the provision of vital finance.
We have to stop quoting Walter Badget on what a central bank does--so far from the reality of what the central bank is doing today that it raises a question about the very name central bank.
Now what if the Bank of Greece knows Bank A is in trouble because its deposits are being withdrawn?
Third, Adoboli is painting a very real story of what trading, risk taking, is all about at a big bank.
The most important of these, three-month dollar LIBOR, is supposed to indicate what a bank would pay to borrow dollars for three months from other banks at 11am on the day it is set.
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Africa is the world's most indebted and aid-dependent region, with 17% of GDP flowing out in debt repayments, three times what the Bank believes is a sustainable level.
So for example, you are basing your investing for the next 20 years on what is going on with a Greek bank or the news coming out on a Monday and a Tuesday, so you change your entire dynamic of your long-term strategy based on one Greek bank coming out with some news.
The debt seen on the trading books is often only a small percentage of what is actually held by each bank.
The bank is transforming itself into what it calls a "Go-To" bank.
Here is what gives nightmares to bank chief executives: there is not a clean distinction between a bank finding it difficult to borrow because of market "stress" and because it is bust.
What a move by the bank cannot do is to address the fundamental issues of debt and a lack of growth.
What Cyprus has suggested is a tax on bank deposits.
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There is usually an enormous lag between what a central bank does and the impact of its actions on the marketplace.
U.S. Bank is using what Benjamin descrbes as a maniacal focus on the client to attract more business.
What remains at the end of this is a reasonably healthy bank.
It just goes to show that no big bank is immune from what is essentially a secular shift where firms are having to rethink how they make money.
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So Bank B paid Bank A an upfront premium for what is effectively an insurance policy.
These days a numbered Swiss bank account is not what it was.
Neoliberals could come clean that international institutionalism is in a shambles, and that Europe, its crown jewel, cannot bank its way out of what is at heart an existential crisis of political authority.
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What the bank needs, in a crowded market, is a niche of its own, and it is trying to carve one out.
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