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Institutional investors ready to bypass banks in protest at rights-issue fees - Times Online
There is no such thing as a safe deposit-taking bank on its own
There is no such thing as a safe deposit-taking bank on
its own, even if its assets are of good quality and it has
enough liquid assets to cope with normal variations in
the net flow of deposits and other short-term liabilities.
The events since August 2007, and in particular the
demise of Northern Rock in the United Kingdom and
Bear Stearns in the United States, have made it clear
that any highly leveraged institution with assets that are
mostly long term and illiquid and liabilities that are
mostly short term can be subject to a catastrophic liquidity
shortage.
FT.com / Columnists / Martin Wolf - What to do with Britain’s banks
Banking is a utility in which taxpayers bear much risk. Regulators have to represent the interests of these risk-bearers of last resort.
Next-Gen Currencies and Banks as Utilities - Umair Haque - HarvardBusiness.org
The simple answer for regulators is: regulate banking like a utility
BMO's missing members
One week back, BMO Capital Markets terminated the services of about 100 employees. Earlier in the year, the unit laid waste to another 150 staffers. On both occasions, the parent, Bank of Montreal, chose not to tell the world that it was getting by with less at its securities unit. Apparently the reductions weren't material --hence no disclosure.
PIMCO - IO Dow 5000 Gross Dec 08
One only has to recognize that roughly 20% of bank capital is now owned by the U.S. government and that a near proportionate share of profits will flow in that direction as well. Better to own corporate bonds than corporate stocks, but that’s a story for another Investment Outlook.
A Financial Crisis Fifty Years in the Making? - Harvard Business Online's Conversation Starter
As Kiechel argued, businesses made plans before the 60s, but there was no concept of corporate strategy in the sense that we have it today--as a comprehensive framework that looks at costs, competition, and customers. The birth of that framework--what Kiechel calls "the strategy revolution"--brought about changes that turbocharged business over the last few decades, but that have also contributed to the chaos over the past few weeks.
The Reckoning - Agency’s ’04 Rule Let Banks Pile Up New Debt - Series - NYTimes.com
“We have a good deal of comfort about the capital cushions at these firms at the moment.” — Christopher Cox, chairman of the Securities and Exchange Commission, March 11, 2008.
The Bing Blog Financial websites: A call to action «
"The Internet now faces a similar opportunity which, if not taken at its crest, may lead to the demise of the medium. This is most true, I think, of financial websites, which may, if they are not careful, assume the role of the cranky old uncle at the wake who sits in a chair in the corner and refuses to get drunk with the rest of the mourners."
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The Internet now faces a similar opportunity which, if not taken at its crest, may lead to the demise of the medium. This is most true, I think, of financial websites, which may, if they are not careful, assume the role of the cranky old uncle at the wake who sits in a chair in the corner and refuses to get drunk with the rest of the mourners.
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