Banks to porn stars: Your money’s not welcome

May 18th, 2013

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Chanel Preston knows not everyone approves of her chosen profession. That’s one of the risks that go with being one of the biggest stars in porn. But she never thought it would affect her ability to open a bank account. Preston recently opened a business …

Banks collect food to help the hungry and bolster an industry’s image

May 18th, 2013

maybe this will change things

A group of more than 20 banks collected 11 tons of food and $37,000 in cash to help feed hungry people in Western Washington this spring. The Bankers Care 2013 Spring Food drive collected food to provide more than 170,000 meals during a time when food bank …

Germany: Central banks can’t solve all problems

May 18th, 2013

never miss a day, thanks for the blog

The European Central Bank this month cut its main rate to a record … telling the conference that “we should keep a line of fiscal consolidation.” “Some deleveraging is necessary and it is completely irresponsible to suggest that some countries …

Aaron Banks, who helped launch Chuck Norris to stardom, dies at 85

May 18th, 2013

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He earned a black belt in 1962, and a year later organized a karate demonstration at Manhattan’s 41st Street Theater. Response was so great that Banks went on to host an East Coast vs. West Coast Competition in 1967, featuring a laconic young fighter …

Sumitomo Mitsui Leads Japan Banks Forecasting Lower Profit (2)

May 18th, 2013

does anyone know the real story

Japan’s three biggest banks led by Sumitomo Mitsui Financial Group Inc. (8316) forecast earnings will decline this year as monetary easing makes loans less profitable even as borrowing picks up amid an economic recovery. Sumitomo Mitsui said …

Banks on Verge of Collapse in Denmark Win Time in FSA Review (1)

May 18th, 2013

this is bogus, who would think

Danish banks in breach of the nation’s solvency rules will get more time to raise capital and avert failure as the regulator eases its resolution practices. The Financial Supervisory Authority will give two banks currently in breach of …

Central banks saved world economy, now beware the fallout – IMF

May 18th, 2013

thats funny

In its most detailed survey so far of the dramatic measures taken to counter the damage from the 2007-2009 financial crisis, International Monetary Fund staff repeated earlier assessments that the steps had worked but face diminishing returns.

Big Banks Get Break in Rules to Limit Risks

May 18th, 2013

so interesting

The changes to the rule, which will be announced on Thursday, could effectively empower a few big banks to continue controlling … closely to the “precrisis status.” “The rule is really on the edge of returning to the old, opaque way …

ECB eyes supervisor role to squeeze weak banks

May 18th, 2013

more to read in our archives

It follows an unprecedented public threat by the euro zone’s central bank to cut emergency financing to Cypriot banks … The possible use of such tactics is also a response to the constraints the ECB may face when it takes on bank supervision …

Cyber attacks against banks more severe than most realize

May 18th, 2013

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U.S. banks, Internet service providers and security companies “have had trouble keeping up with the recent DDoS attacks that have had the sophistication and the level of resources that a nation-state entity like Iran can devote to them,” House …