Eurozone
Finance is least trusted industry: EdelmanPosted by RJ and Makay on Jan 24, 2012 |
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Financial services firms and banks are the least trusted industries for the second year running, according to an annual survey by research firm StrategyOne for Edelman, a public relations company. The survey found that 47% of the public trusts banks, a drop from 50% the prior year. Trust in financial services companies fell 3%, to 45%, said Edelman.
U.S. has avoided a second recession: Deutsche BankPosted by RJ and Makay on Dec 13, 2011 |
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The United States will avoid falling back into another recession, according to Benjamin Pace, U.S. chief investment officer at Deutsche Bank Private Wealth Management. Pace made the statement at a press briefing today where he said that there were a number of legitimate concerns about the direction of the economy this past summer.
European banks on notice to fix capital shortfallsPosted by RJ and Makay on Dec 08, 2011 |
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European banks must raise a total of 114.7 billion euros ($153.8 billion) in new capital by June 2012, the European Banking Authority (EBA) said today. The capital is necessary to make the banks strong enough to withstand the eurozone debt crisis and restore investor confidence. The cumulative amount needed is greater than the preliminary E106 billion EBA estimate for 71 banks issued in late October.
“I can't change the direction of the wind, but I can adjust my sails to always reach my destination.”
Jimmy Dean
