Monthly Archives: August 2008

By Pham-Duy Nguyen Aug. 29 (Bloomberg) — Gold rose, heading for a second straight weekly gain, as energy costs gained, reviving demand for the metal as a hedge against inflation. Silver also gained. Crude-oil prices are higher this week, after … Continue reading →

By Claudia Carpenter Aug. 28 (Bloomberg) — Rand Refinery Ltd., the world’s largest gold refinery, ran out of South African Krugerrands after an “unusually large” order from a buyer in Switzerland. The order was for 5,000 ounces and it will … Continue reading →

08.27.08, 4:07 PM ET By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) – Gold ended higher Wednesday as oil prices rose, boosting the precious metal’s appeal as an inflation hedge, and as the dollar retreated from a six-month high … Continue reading →

Cash-Strapped FDICBy Bernhard WarnerPosted Wednesday, Aug. 27, 2008, at 7:06 AM ET You can add the Federal Deposit Insurance Corp. to the list of entities that may be in line for a Treasury Department bailout, the Wall Street Journal reports, … Continue reading →

Regulator, insurer boosts its staff and provisions as it faces its biggest challenge in decades By Russell Grantham Cox News Service Sunday, August 24, 2008 ATLANTA — The Federal Deposit Insurance Corp. is one of those agencies with a low … Continue reading →

By Eric Dash and Geraldine FabrikantPublished: August 26, 2008 WASHINGTON — Sheila C. Bair anticipated the mortgage crisis long before most other regulators. But she never dreamed it would wreak so much havoc on so many banks.   Sheila C. … Continue reading →

By MarketWatch Last update: 12:03 p.m. EDT Aug. 22, 2008 “Banks too important to be left on their own,” Bernanke says. WASHINGTON (MarketWatch) — Central bankers and regulators are rethinking their faith in the ability of market forces alone to … Continue reading →

Regulators Step Up Bank Actions ‘Memorandums of Understanding’ Surge As U.S. Races to Head Off More Failures By DAMIAN PALETTA and DAVID ENRICHAugust 26, 2008; Page C1 WASHINGTON — Federal regulators have increased the number of struggling banks they have effectively put … Continue reading →

Monday, August 25, 2008 NEW YORK (Reuters) – The U.S. Mint said it must allocate the American Eagle bullion coins among dealers to cope with overwhelming demand as it resumed taking orders for the popular coins on Monday. “The unprecedented … Continue reading →