Too big to fail is not a reason anymore

Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.


Jordan receives third tranche of IMF funding

Due to so-called 'exogenous shocks', Jordan leverages release of third tranche of the IMF funding.

Republicans blame Obama for continued impasse

The proposal to extend the debt ceiling another six weeks is untenable, according to US President Obama, causing a further delay in the deal.

UK withdraws certification to Wockhardt

Because of the failure to maintain good manufacturing standards, the UK regulatory authorities have withdrawn Wockhardt's certification of good standing.


Latest News

Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.
Deutsche Bank co-CEO Anshu Jain and JP Morgan CEO Jamie Dimon join chorus on US government breaking gridlock on budget and debt ceiling.
Co-CEO Anshu Jain of Deutsche Bank said investigations of wrongdoing further eroding public trust in financial markets.
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
To protect itself from spy intrusions, Deutsche Telekom is instituting local routing of domestic traffic.
Investors seeking a higher violation for shares of OAO RN Holdings, a subsidiary of OAO Rosneft. Templeton Emerging Markets Group Chairman Mark Mobius said the OAO Rosneft offer to purchase shares in OAO RN Holding must be pegged above RUB67 or USD2.
China had formally protested bilateral ties between the European Union and Taiwan. Beijing raised objections to the actions done by the European Parliament to build closer trade ties with Taiwan.
Data management firm Identity Finder said the browser cache of Google Chrome could store a user's personal information.
The USD100,000 aid that should had been given to families of four US soldiers that were recently killed in Afghanistan would be delayed due to the partial government shutdown.
Hewlett-Packard (HP) Co Chief Executive Officer Meg Whitman's recent email to its over 300,000 employees had stressed the need for the company to work harder and regain the top spot in the corporate technology services market.
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