Monthly Archives: September 2009

FDIC Proposes Banks Prepay Deposit Fees Through 2012 By Alison Vekshin Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that … Continue reading →

FDIC says bank failures to cost around $100B By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – 2 hrs 10 mins ago WASHINGTON – Regulators expect the cost of bank failures to grow to about $100 billion over the next four … Continue reading →

By Gabi Thesing and Christian Vits Sept. 28 (Bloomberg) — European Central Bank President Jean-Claude Trichet said a strong dollar is “extremely important” for the world economy and it’s too early for the ECB to unwind emergency stimulus measures. “In … Continue reading →

By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – Fri Sep 25, 5:39 pm ET WASHINGTON – Regulators on Friday shut down Atlanta-based Georgian Bank, the 95th U.S. bank to fail this year as loan defaults rise in the worst financial … Continue reading →

By Brian Swint Sept. 24 (Bloomberg) — Bank of England Governor Mervyn King said two British banks got within hours of a liquidity shortfall on Oct. 6, 2008, and the day after as the U.K. financial system came to the … Continue reading →

NEW YORK, Sept 22 (Reuters) – U.S. gold futures rose toward$1,020 an ounce on Tuesday, gaining 1 percent as a sharpdeterioration of the dollar’s value triggered investment buyingin gold as a currency hedge. For the latest detailed report, click on … Continue reading →

By Lisa Lambert Thu Sep 17, 2009 7:49pm EDT WASHINGTON (Reuters) – The federal government and states are girding themselves for the next foreclosure crisis in the country’s housing downturn: payment option adjustable rate mortgages that are beginning to reset. … Continue reading →

By David Wilson Sept. 17 (Bloomberg) — As an economic power, the U.S. may go the way of the British Empire because of the government’s increasing debt burden, according to Richard A. Posner, an economist and federal judge. The CHART … Continue reading →

By Jan Harvey LONDON (Reuters) – Gold hit 18-month highs on Wednesday as the dollar’s slide to 2009 lows against the euro sparked buying of the metal as an alternative asset, helping lift silver and platinum to multi-month peaks. The … Continue reading →

Sep 15 2009 3:29PM $1,000 Gold – Can It Last? Gold cracked the $1,000-an-ounce barrier for a second time last week, and the New York spot price is now hovering right around that four-digit mark. The first time this happened, … Continue reading →