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.... They ordered banks to lend freely to property developers and backed this up with a massive public infrastructure programme. The banks have $35tn of assets on their balance sheets – a fourfold increase since 2008. ... [Read full article on Guardian ]
Sunday 13th of August 2017 11:00:12 AM
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.... Countries such as China that had never embraced the Washington consensus – or, like much of Asia, rejected it after its own crisis – fared well. It was obvious that UK and US government borrowing rose as a consequence of recession rather than being its cause; nor could governments be blamed for the vertiginous growth of private debt and bank balance sheets in the decade before the crisis. ... [Read full article on Guardian ]
Saturday 12th of August 2017 11:05:01 PM
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.... Sadly, however, there is a fundamental difference between Balfour’s crisis circa 2015 and Carillion’s of today. It is the balance sheet. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 07:29:37 PM
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Latest Finance News related to Balance Sheet

How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
.... They ordered banks to lend freely to property developers and backed this up with a massive public infrastructure programme. The banks have $35tn of assets on their balance sheets – a fourfold increase since 2008. ...
How the crash discredited the Anglo-US democratic model | Will Hutton image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
.... Countries such as China that had never embraced the Washington consensus – or, like much of Asia, rejected it after its own crisis – fared well. It was obvious that UK and US government borrowing rose as a consequence of recession rather than being its cause; nor could governments be blamed for the vertiginous growth of private debt and bank balance sheets in the decade before the crisis. ...
Brexit pain for holidaymakers as pound expected to fall further against euro image
....Theresa May, Philip Hammond, Boris Johnson, Chris Grayling, Liam Fox and Michael Gove have given contradictory statements about Conservative plans for trade, customs, tariffs, immigration, air control, a transition period and countless other facets of Britain’s divorce. “The UK economic outlook looks bleak, with stretched household balance sheets, Brexit negotiation uncertainty potentially weighing on business investment, and net exports growth staying subdued despite a weak pound,” Morgan Stanley analysts said. ...
'It's hard to remember how fraught it was': Mark Carney on the credit crunch image
.... It sparked a realisation that the complex vehicles being used to finance activities – conduits and structured investment vehicles (SIVs) – were hard to understand and storing up risks in the financial system. “There was still a sense, it took a while I think to recognise, that the series of assets that were off balance sheet of these major banks would actually collapse back on to those balances sheets,” Carney said from his office in Threadneedle Street. ...
The day the credit crunch began, 10 years on: 'the world changed' image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 04:15:56 PM
.... Andrew Bailey, who played a crucial role in unravelling Northern Rock, said one of the lessons was to understand what banks were actually up to. Now chief executive of the Financial Conduct Authority, Bailey said: “If you’re a supervisor you need to understand the business model … The root of it is still how are you earning your money, how are you managing your balance sheet?”. ...
UK economy is about to surge back to life, says leading forecaster image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:01:30 PM
....Jagjit Chadha, the institute’s director, said a rise interest rates would also have the effect of supporting efforts by high street banks to boost their profits and the reserves needed to protect them against another financial crash. “We are not talking about a rapid return to higher interest rates, but signalling that process – even if it takes five to seven years – will help banks rebuild their balance sheets and create a healthier financial system,” he said. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
....2bn fine in the US for money-laundering offences plus tax avoidance scams in Switzerland – is finally delivering for shareholders. In terms of the size of its balance sheet, HSBC hasn’t actually shrunk much. ...
Credit card Britain: £1.5BN of debt racked up in ONE MONTH sparking fresh crisis fears image
....”. Lenders have now been ordered to boost their cash reserves and policymakers are now stress testing balance sheets to see if banks could cope if people started to default on repayments. ...
Rupert Murdoch ‘could use Sky data trove for political ends’ image
Source : Guardian [Read Article] Saturday 15th of July 2017 09:00:03 PM
.... So what isn’t reflected anywhere in this process is that we exchange our data for services. It’s hugely valuable, but it’s been completely hidden on the balance sheet. ...
Rise in credit card default rate adds to concerns over household finances image
....”. The Bank last month told banks they must hold more capital on their balance sheets to put them in a stronger position to deal with the potential fallout from a surge in consumer debt, which has been driven by higher levels of credit card borrowing, car finance and personal loans. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... The City now expects the company will need to raise double that figure just to survive. Sam Cullen, an analyst at investment bank Jefferies, said: “Realistically, we see no future for Carillion without a rights issue of at least £500m as we believe the group will find it increasingly difficult to win support services work with the balance sheet in its current state”. ...
Pearson picks up $1bn from Penguin – but no treat for investors | Nils Pratley image
.... Pearson, by contrast, has produced a string of profits warnings and that same January statement binned the old earnings target for 2018. An optimist might say that, with a balance sheet reinforced with the PRH proceeds, the company is now freer to invest in its education businesses, especially in the US. ...
Pearson sells slice of Penguin for $1bn image
Source : Guardian [Read Article] Tuesday 11th of July 2017 08:07:44 AM
.... PRH is responsible for one in four books sold and the sale of 800m paper, digital and audiobooks every year. Pearson, which reported the largest loss in its history in February, has sold the stake to strengthen its balance sheet and invest in its move to become a digital educational publisher. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
....”. He outlined a number of practices that the regulator had uncovered, including borrowing that did not appear on banks’ balance sheets – through the use of so-called off-balance sheet vehicles. ...
Carillion has paid a heavy price for too many risky contracts | Nils Pratley image
....Never trust a construction contractor. Whatever they say about their prudent approach to risk and the watertight nature of their contracts, it only takes a few mistakes to wreck a balance sheet in an industry that runs on thin profit margins. ...
Central banks are ending policies like QE – but they'll be back | Nouriel Roubini image
....First, central banks could restore quantitative- or credit-easing policies, by purchasing long-term government bonds or private assets to increase liquidity and encourage lending. But by vastly expanding central banks’ balance sheets, QE is hardly costless or risk-free. ...
How healthy is the global financial system? | Mohamed El-Erian image
Source : Guardian [Read Article] Monday 10th of July 2017 09:00:47 AM
....At the same time, the Financial Stability Board (FSB) – which monitors regulatory practices around the world to ensure that they meet globally agreed standards – has declared, in a letter to G20 leaders, that “toxic forms of shadow banking” are being eliminated. In short, ongoing measures to buttress the global financial system have undoubtedly paid off, especially when it comes to strengthening capital cushions and cleaning up balance sheets in important parts of the banking system. ...
After Andrew Tyrie: the race to become the Commons’ new inquisitor general image
.... His retirement created an unexpected vacancy for a battle that ahead of a ballot in which all MPs can vote looks too hard to call. Tyrie held memorable sessions that forced Paul Flowers, the drug-taking former chairman of Co-op Bank, to admit he didn’t know the size of the bank’s balance sheet and prompted Charlotte Hogg to resign as deputy governor of the Bank of England for failing to disclose her brother’s senior role at Barclays. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
.... The main outcome of the crash is that the DNA of the system that nearly destroyed the world economy is still there. In 2015 Andrew Haldane, the Bank of England’s financial stability chief, suggested that not even the regulator can know what banks really own and owe because they are still allowed to hide so much off the balance sheet. ...
As with everything Brexit, the battle for the City will be messy | Nils Pratley image
.... Net debt was £1. 8bn at the last count but, if the sales of the asset services division fetches the rumoured £700m, the proceeds would return Capita’s balance sheet to the land of the normal. ...
Austerity has strangled the British economy. Only Labour gets this | Joseph Stiglitz image
....Even if you have to borrow, if the value of your investments – in people, in technology, in infrastructure – increases, then the economy is in a stronger position for the future. Focusing only on the debt side of the balance sheet misses this, and damages the economy. ...
Santander rescues rival Banco Popular from collapse image
Source : BBC [Read Article] Wednesday 7th of June 2017 06:32:55 AM
.... . Banco Popular bosses have spent the last few months attempting to shore up the bank's balance sheet by selling various assets. ...
WPP needs a big name to follow Sir Martin Sorrell image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
.... You know the ones: the (hypothetical) float of KGB Mining where the founder, Vladimir Takyorneekapov, still owns 80% of the shares. Huge investment banks once made fortunes from such floats: they calmed investor nerves by (perhaps) taking some risk themselves and parking Takyorneekapov’s stake on their own balance sheet. ...
Five minute guide to investing in the UK's big banks image
Source : Daily Express [Read Article] Sunday 21st of May 2017 12:01:00 AM
....”. TD Direct chief investment officer Michelle McGrade says UK banks make an attractive long-term investment: “They have been rebuilding their balance sheets and are now returning to form. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
.... It has a 25% share of UK current accounts, 22% of retail deposits and 21% of mortgages. Yes, the balance sheet was in “a very fragile condition”, but the market position was commanding and being made to sell TSB made only a minor dent. ...
888 shares hit by Gambling Commission review image
Source : BBC [Read Article] Monday 15th of May 2017 07:40:51 AM
....In June 2016, BetFred was fined £800,000 for "failures in anti money laundering and social responsibility practices" following a licence review. Mr Davies said "clearly, there is the risk" that 888 would have to pay a fine if any breaches were identified but "888 is highly profitable, and has a strong balance sheet". ...
Tesco chief executive Dave Lewis sees pay fall 10% image
Source : BBC [Read Article] Friday 12th of May 2017 02:48:01 PM
....28bn. The head of the supermarket's remuneration committee, Deanna Oppenheimer, said: ''Tesco has had a strong year of progress, delivering against the three turnaround priorities of improving competitiveness in the UK, a more secure balance sheet and rebuilding trust, which were set in 2014. ...
Tesco boss's bonus cut despite first sales growth in seven years image
Source : Guardian [Read Article] Friday 12th of May 2017 07:21:20 AM
....6% of his maximum annual bonus. Deanna Oppenheimer, chair of the remuneration committee, said Tesco had performed well in a tough year for retailers: “Tesco has had a year of strong progress, delivering against the three turnaround priorities of improving competitiveness in the UK, a more secure balance sheet and rebuilding trust, which were set in 2014. ...
Sir Philip Green and wife took £433m hit last year, says rich list image
....“Starting a business with your other half may not appeal to everyone. A bit of pillow talk about balance sheets wouldn’t suit all marriages, but there are clearly some couples who are making it work – and very well. ...
​Trump tax plan could save him millions under guise of helping small businesses image
....”. Trump’s plan, which would have to be adopted by Congress to take effect – far from a given – would introduce a new tax rate of 15% for owner-operated businesses known as pass-throughs, which are called that because, for tax purposes, income is “passed through” from the business balance sheet to individual owners and taxed like personal income. ...
Credit Suisse plans £3bn fundraising to boost capital image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:27:10 AM
....The bank raised about 6bn francs from shareholders in 2015. As well as asking its owners for cash to mend its balance sheet, Credit Suisse has said it is in the middle of a 5,500 job-cutting programme. ...
Protectionism is rising the world over. Our best defense is fighting inequality | Wally Adeyemo image
.... The World Bank’s ability to lend during the Great recession helped ensure it did not become a depression. Those leading the justified efforts to optimize MDB balance sheets should carefully consider how resources can be stretched while maintaining the ability to lend during a crisis. ...
Is this the beginning of the end for neoliberalism? | Letters image
Source : Guardian [Read Article] Thursday 13th of April 2017 05:59:24 PM
.... The call for a “robust global trading system based on the WTO” is aimed at locking in countries to a system that removes decision-making from sovereign states and places it instead in the boardrooms of transnational corporations. When their report states that trade is good for growth, what they really mean is that it is good for corporate balance sheets. ...
Toshiba warns over its survival as it forecasts £7bn losses image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:36:52 PM
.... Toshiba’s president, Satoshi Tsunakawa, called the auditor’s decision not to approve the figures “truly regrettable” and said he hoped the company would not be delisted. Toshiba is attempting to strengthen its balance sheet by selling other assets, including its memory chip business. ...
Low interest rates put global financial sector at risk, IMF warns image
Source : Guardian [Read Article] Thursday 6th of April 2017 02:30:06 PM
....Fitch said it expected US real interest rates to increase to levels that were more closely aligned with the country’s economic growth potential, taking them close to pre-crisis levels. “With the Fed having now achieved its inflation and employment objectives, becoming more focused on the risk of labour market tightening and starting to discuss the unwinding of its balance sheet, we expect interest rate normalisation will take place by 2020 and that the Fed Funds rate will reach 3. ...
Bovis rejects Galliford Try bid – but hires rival's ex-boss as its new chief image
.... Sales and reservations are in line with the company’s expectations. It intends to return to shareholders any excess capital from a balance sheet optimisation programme and from improved cash generation from operations. ...
RBS plan faces European Commission investigation image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:42:35 PM
....The divestment was one of several requirements from the European Commission, in giving permission for the government bail-outs of RBS in 2008 and 2009. It also had to sell some overseas operations and divisions, slim its balance sheet substantially, and it was barred from further acquisitions. ...
Brexit top risk for UK bosses but fears of impact receding – poll image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:00:15 AM
....As fears have diminished, appetite for risk has climbed, although it remains below long-term averages. Just over a quarter of CFOs told Deloitte they thought now was a good time to take risk on to their balance sheets, up from 21% in the latter part of last year and 8% after the referendum. ...
The car-loan boom isn’t the housing bubble. But there still might be a crash image
....Once the Federal Reserve began raising interest rates, it become financially crippling to refinance a mortgage and arrears began to creep upwards. By 2006, millions of American families were in financial trouble and by 2008 hundreds of thousands were handing the keys of their homes back, leaving the banks with huge debts on their balance sheets. ...
Government raises £11.8bn with Bradford & Bingley mortgage sale image
Source : Guardian [Read Article] Friday 31st of March 2017 09:15:51 AM
....UK Asset Resolution (UKAR), established in 2010, manages Bradford & Bingley’s loan books on the Treasury’s behalf. The latest deal will leave UKAR with a £22bn balance sheet, down from £37bn in September 2016 and £116bn in 2010. ...
UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
....UK household borrowings were high by past standards and had begun to rise in relation to incomes, the FPC said. Consumer credit – the single largest slice of UK banks’ balance sheets – has been growing rapidly, by more than 10% year-on-year, initially driven by car finance, the Bank warned. ...
Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
.... Freezing the 2016 dividend and the cut to future payouts is a major blow to Fallon and senior management. The company is also selling its 47% stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. ...
Waitrose axes free coffee for shoppers – unless they buy something first image
.... Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes the John Lewis departments store chain, said the bonus had been cut to strengthen its balance sheet amid structural changes in the retail sector and rising costs linked to the devaluation of sterling since the Brexit vote. ...
E.On clears up the past with €16bn full-year loss image
Source : BBC [Read Article] Wednesday 15th of March 2017 08:16:40 AM
....On has now fully accounted for the impact of its new strategy. Its balance sheet for the 2016 financial year will be the last to reflect the burdens of the past. ...
Shell sells oil sands assets as boss warns on clean energy challenge image
Source : Guardian [Read Article] Friday 10th of March 2017 01:18:53 AM
....Analysts welcomed the deal, under which Shell has agreed to sell its existing and undeveloped Canadian oil sands prospect to Canadian Natural Resources and to cut its share in the Athabasca Oil Sands Project (AOSP) to 10% from 60%. “This significant divestment should help de-gear Shell’s balance sheet over 2017 and help remove concerns around the dividend,” said Biraj Borkhataria, an analyst at RBC Capital Markets. ...
John Lewis slashes staff bonus to 6% – the lowest in 63 years image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:28:42 AM
....John Lewis has slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes department stores and the Waitrose supermarket chain, said the bonus was the equivalent of three weeks’ pay and had been cut to retain profits and strengthen its balance sheet. ...
Budget 2017: £2bn for social care and tax rise for self-employed image
Just one in five complaints about potential mis-sold PPI  made so far image
Source : Guardian [Read Article] Thursday 2nd of March 2017 05:36:47 PM
.... He said that in more than half of all cases in the last 12 months where a PPI claim had been rejected by a bank but then taken to the independent ombudsman, the rejection is overturned. “Until we can trust banks to deal with complaints fairly in the first instance, this move to protect their balance sheets should not happen. ...
PPI claims deadline is announced image
Source : BBC [Read Article] Thursday 2nd of March 2017 07:21:58 AM
.... . "Until we can trust banks to deal with complaints fairly in the first instance, this move to protect their balance sheets should not happen. ...
Green Investment Bank: rival bidder launches legal challenge to sale image
Source : Guardian [Read Article] Wednesday 1st of March 2017 07:01:01 AM
....Rebecca Long-Bailey, shadow secretary of state for business, energy and industrial strategy, said: “This deal has been opaque from the outset to say the least and it appears that the government has hidden behind the principle of commercial confidentiality at every turn, thus, shielding much of the deal from adequate parliamentary scrutiny. “It appears that their fixation with getting the GIB off the government’s balance sheet despite expected returns to the taxpayer, has ridden roughshod over all concerns for its ongoing green mission. ...
Education publisher Pearson reports biggest loss in its history image
Source : Guardian [Read Article] Friday 24th of February 2017 08:17:21 AM
....In January, the company slashed its profit forecast for this year by £180m and scrapped its target of £800m for next year. It also announced that it planned to sell its stake in the world’s largest book publisher, Penguin Random House, to strengthen its balance sheet. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
....But there are actions Unilever could take without trampling on its heritage. Bernstein analyst Andrew Wood set out five this week: sell the perennially underperforming Flora spreads business; demand higher profit margins; be tighter on capital expenditure; use the strong balance sheet to buy more small businesses or to return cash to shareholders; communicate with investors better. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... It provoked a vast bailout, and the recovery that followed has been one of the most anaemic sort, during which the wages of average Americans have scarcely grown. The hangover of debt and legacy of banks trying to rebuild their shattered balance sheets has held the economy back. ...
Bank of England sharply raises UK growth forecast image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:46:31 PM
....But Kallum Pickering, economist at the bank Berenberg, said the Bank was at risk of falling behind events if it stuck with its very loose policy position for too long. “At close to full employment and with stable expected growth, with its large balance sheet and negative real rate policy, the BoE is at risk of engendering a return to high indebtedness, inadequate saving and ultimately a return to boom-bust,” he said. ...
Brad Stone: ‘We should watch Uber and Airbnb closely’ image
Source : Guardian [Read Article] Sunday 29th of January 2017 08:00:18 AM
.... But the rules of competition in China will always favour the local champion and Didi, it turned out, had the same access to capital as Uber. By stepping away from the fight, Uber not only saved its balance sheet from more destruction but negotiated an impressive 17% stake in its rival. ...
What if Uber kills off public transport rather than cars? image
Source : Guardian [Read Article] Friday 13th of January 2017 05:00:08 AM
.... The Boston Consulting Group predicts a shared AV carrying three people could cost operators less on a per-mile basis than rail. Passengers at the edge of the network would presumably be the first to defect for convenience, triggering shocks throughout the balance sheet. ...
Foxtons profits PLUNGE amid fears of a London property crash image
Source : Daily Express [Read Article] Wednesday 11th of January 2017 12:08:00 PM
....In the final quarter of last year, lettings revenues held up better, coming in flat at around £13m amid high levels of renewals. Mr Budden said: "Our balanced business model provides resilience against sales market cycles and we have a strong balance sheet with no debt. ...
Final salary pension deficit of biggest listed firms in UK 'hits £137bn' image
Source : Guardian [Read Article] Wednesday 4th of January 2017 05:32:53 PM
....Strong investment returns and company pension contributions were offset by the market turmoilafter both the Brexit vote and Donald Trump’s surprise US election victory, which had a big impact on bond yields. Overall, corporate bond yields fell by more than 100 basis points during 2016, increasing liabilities on companies’ balance sheets, said Mercer. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
....John McDonnell, the shadow chancellor, has accused Philip Hammond of failing to cancel a “tax giveaway” by his predecessor to Britain’s biggest banks, worth more than £1bn this year. In his summer budget after the 2015 general election, the then chancellor George Osborne announced deep cuts to the bank levy, which was introduced after the financial crisis and charged according to the size of banks’ balance sheets. ...
UK firms' finance bosses say uncertainty is 'new normal' image
Source : BBC [Read Article] Thursday 29th of December 2016 12:10:57 AM
....Despite the rebound in business confidence, most finance bosses expect more economic and financial uncertainty following Brexit. Nearly half of those surveyed plan to cut spending and take defensive measures to protect their balance sheets and build up cash over the next year. ...
Banking standards: treacherous political waters lie ahead image
Source : Guardian [Read Article] Wednesday 28th of December 2016 09:21:01 AM
.... After all, EU banks lend more to higher-rated, large companies, which access US capital markets, rather than borrowing from banks. They also hold more low-risk mortgages on their balance sheets, in the absence of a European equivalent of Fannie Mae and Freddie Mac, America’s two quasi-public mortgage banks, which hoovered up securitised US mortgages. ...
Italian cabinet gives green light to Monte dei Paschi di Siena bailout image
Source : Guardian [Read Article] Thursday 22nd of December 2016 02:09:24 PM
....Analysts at Barclays said any state intervention for MPS may not be enough to solve the problem facing the banking system, which has amassed bad lending at a time when the economy has been stagnating. They said the six largest banks could need €30bn to clean up their balance sheets and even if the €20bn “were to represent sufficient firepower to plug the hole, we doubt the decision to deal with MPS through a public sector solution will represent a template to be unrolled across the system quickly”. ...
Italy to bail out Monte dei Paschi di Siena bank with €20bn rescue fund image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:14:28 PM
....Piercarlo Padoan, the finance minister, told parliament that the government’s proposed €20bn bailout would have a minimal impact on savers, in comments that sought to assuage the concerns of retail investors. Padoan said: “This measure reinforces the ability of the Italian system to grow and consolidate itself and this growth will be a further element that helps banks’ balance sheets. ...
Lloyds's MBNA deal: good for the bank, bad for competition | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
.... The bank hadn’t made an acquisition since the miserable crisis-era grab of HBOS, the deal that came with a state-sponsored bailout. Now its board can buy assets again, rather than obsess about detoxifying the balance sheet. ...
What the US economy doesn't need from Donald Trump | Joseph Stiglitz image
Source : Guardian [Read Article] Monday 19th of December 2016 11:19:56 AM
.... It is an open invitation for a shakedown of the government by corporate executives seeking handouts. Similarly, the increase in infrastructure spending is likely to be accomplished through tax credits, which will help hedge funds, but not America’s balance sheet: such programmes’ long track record shows that they deliver little value for money. ...
Italian government to request bank bailout funds from parliament image
Source : Guardian [Read Article] Monday 19th of December 2016 09:53:40 AM
....5% on Monday as it launched a share offering to institutional and retail investors. This measure runs alongside a plan to ask bondholders to swap their investments for shares, and a restructuring of €28bn of bad loans to clean up its balance sheet. ...
Savers are slowly choking off the life of the world economy image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
....Privatisations brought in cash to make up some of the gap, but that hasn’t been enough. Successive governments have funded capital projects off the balance sheet through vehicles like the private finance initiative, which were another way for investors to extract an income. ...
James Packer retreats from China with sell-off of Crown's overseas casinos image
Source : Guardian [Read Article] Thursday 15th of December 2016 05:58:11 AM
....“This is all about risk management,” said Theo Maas, at Sydney-based Arnhem Investment Management. “You’re now looking at a much more predictable business with a much stronger balance sheet. ...

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