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 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 →

By Halia Pavliva and Nicholas Larkin Sept. 15 (Bloomberg) — Gold rose, closing above $1,000 an ounce for the third straight session, as commodities climbed on demand for a hedge against inflation. Silver also gained. Federal Reserve Chairman Ben S. … Continue reading →

Tue Sep 15, 2009 11:39am EDT DENVER, Sept 15 (Reuters) – The price of gold could rise above $1,110 an ounce in 2010 as central banks diversify their reserves into gold due to a faltering dollar, economist Martin Murenbeeld told … Continue reading →

CORUS IS THE SECOND LARGEST BANK TO FAIL THIS YEARSeptember 14, 2009 Federal regulators seized Chicago-based Corus Bank, marking the first major bank to be undone by deteriorating construction and commercial real-estate loans during the current downturn. The branches and … Continue reading →

Corporate officers and directors were buying stock when the market hit bottom. What does it say that they’re selling now? By Colin Barr, senior writer Last Updated: September 12, 2009: 7:25 PM ET NEW YORK (Fortune) — Can hundreds of … Continue reading →