January 2011
2 posts
ShortFormBlog: Bank of America takes epic charge... →
shortformblog:
$2.24 billion the amount the bailed-out Bank of America lost in 2010, hurt by charges due to their Countrywide merger
$4.1 billion the size of the charge they had to take for investors with claims against their mortgage securities source
ยป Why such a big charge? Apparently,…
Simply Hot n Crisp: Central Banks are on the horns... →
mrwht:
These developments raise uncertainties about the appropriate monetary policy stance. The difficulty facing several central banks is that inflation has already begun to rise, precluding the interest rate cuts that would be needed to reduce spreads and stem capital inflows. The increase in inflation…