Goldman to face Libya’s sovereign wealth fund in court over trades
``Goldman Sachs (GS.N) and Libya's sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position...
Author : HF Implode
China Grabbing Gold Trade: Allows 3 more banks to import gold; Exchanges Bloom, Renmimbi Gold Trading Looms
A pair of articles came our way on this topic: 1. China allows 3 more banks including StanChart to import gold -sources. Note that grabbing...
Will subprime auto loans ignite another credit crisis?
``Let us focus on auto debt today since the quarterly household report from the Fed was released this week. The report is stunning because it...
Fed approves Bank of America’s capital plan
``The Federal Reserve said it would not object to Bank of America Corp.'s resubmitted capital plan, allowing the bank to move forward with a dividend...
Squeezed middle class sparks rise of the dollar store
"Massive unemployment and declining wages are squeezing people out of the middle class," said Kristin Bentz, executive director at private equity firm PMG Venture Group....
Massachusetts Alliance Against Predatory Lending
FACT SHEET: OPPOSE ACT TO CLEAR TITLE TO FORECLOSED PROPERTIES Senate Bill 1987 Massachusetts' Supreme Judicial Court has declared thousands of foreclosures void and homeowner...
Portugal banking crisis sends tremors through Europe
``Capital Economics said the ructions in the bond markets confirm fears that Europe's tentative banking union has failed to stabilise the system. "Policymakers have done...
Fed fears risks posed by exit tools; but plan “almost done”
In recent weeks, the Fed has neared consensus that its workhorse tool will be the interest it pays banks on excess reserves on deposit at...
New Data Shows Gold Hemorrhaging West-to-East by Country
``With action in the gold and silver markets heating up, today gold analyst Frank K. out of the Netherlands sent King World News three shocking...
China’s yuan ‘a growing force in global finance’
``Although its use in the international payments system remains dwarfed by the dollar and euro, the yuan, officially known as the renminbi, grew to 1.4...