Category Archives: Banking News

Banking

Dodd-Frank and Another Bank Meltdown

In 1933, Congress passed the Glass-Steagall Act. It established the Federal Deposit Insurance Corporation (FDIC) to insure bank deposits. It also required banks to get rid of their trading activities: buying and selling stocks was considered too dangerous for depository institutions. Continue reading

Posted in Banking News, money and banking | Tagged , , , , , , , | 1 Comment

December’s Real Top Event Happens This Week: Part 1

The following is part 1 of a special feature on the coming a single resolution mechanism (SRM – get to know this acronym) for dealing with troubled EU banks. It will be used to handle banks that fail the coming ECB banks stress tests in 2014 and other problem banks thereafter. Continue reading

Posted in Banking News, European Central Bank, Eurozone | Tagged , , , , , , , , , , , , | Leave a comment

December’s Real Top Event Happens This Week: Part 2

In our weekly fxempire.com analysts’ meeting, in which we share thoughts and conclusions about the weekly outlook for global equities, currencies, and commodity markets, we noted that the results for past week’s Euro group and ECOFIN meetings’, which hammered out all but a few final details of the SRM deal, were far too underreported relative to their importance. Continue reading

Posted in Banking News, European Central Bank, Eurozone | Tagged , , , , , , , , , , | Leave a comment

December’s Real Top Event Happens This Week: Part 3

In our weekly fxempire.com analysts’ meeting, in which we share thoughts and conclusions about the weekly outlook for global equities, currencies, and commodity markets, we noted that the results for past week’s Euro group and ECOFIN meetings’, which hammered out all but a few final details of the SRM deal, were far too underreported relative to their importance. Continue reading

Posted in Banking News, European Central Bank, Eurozone | Tagged , , , , , , , , , , | Leave a comment

ECB Bank Stress Tests: Catalyst Of The Final EU Crisis?

by Cliff Wachtel, FX Empire Everything you need to know about biggest threat to markets for the foreseeable future-why EU bank supervision can’t be avoided, but risks so much The following is a partial summary of conclusions from our weekly fxempire.com … Continue reading

Posted in Banking News, Federal Reserve, money and banking | Tagged , , , , , , , , , , , , | Leave a comment