Food Banks Struggle amid Record Demand Nov 20, 2009
WASHINGTON, Nov. 19, 2009. Charities, Nonprofits Testify in Congress, Say Need for Services Way Up in Sour Economy. (CBS News)
Charities face rough holiday season Nov 16, 2009
U.S. charities may not have a happy holiday - Giving- msnbc. U.S. charities may not have a happy holiday. (MSNBC -- Race)
Ohio bank enters Chicago market through First Bank deal Nov 12, 2009
(Crains) An Akron, Ohio-based bank run by a longtime Chicago banker has a deal to purchase 24 Chicago-area First Bank branches, marking the entry of a significant new commercial lender with a strong balance sheet. FirstMerit Corp. announced Wednesday that it will pay as much as $41. (Crain's Chicago Business)
Palestinian Hopes Dim 5 Years After Arafat Death Nov 12, 2009
5 Years After Arafat's Death, Path To Statehood Dim For Divided Palestinians. (AP) RAMALLAH, West Bank (AP) - The tens of thousands of Palestinians who thronged Yasser Arafat's grave Wednesday to mark the fifth anniversary of his death had a lot more to mourn than just their late leader. (CBS News -- World)
Bear Stearns Managers' Acquittal May Hamper Other U.S. Fraud Prosecutions Nov 11, 2009
If you overplay the negativity of the circumstances then youve got a full-fledged bank run on your hands. On the other hand, if you play it on the optimistic side, you go to jail. (Bloomberg)
FDIC Takes Over 5 More Banks Nov 7, 2009
Get everything into one big bank run by the government so that they can more effectively control all spending and purchases. Welcome to the SSA (Socialist States of America). (CBS News)
Clydesdale & Yorks profit falls Oct 28, 2009
Page last updated at 07:14 GMT, Wednesday, 28 October 2009. Clydesdale and Yorkshire see drop. (BBC News -- Business)
Charlotte's dread Oct 28, 2009
Despite having worked for an archrival, Winters generated strong buzz among the BofA directors because of his expertise in credit risk and for having worked at a bank run by Jamie Dimon, which weathered the financial crisis far better than BofA did ... Despite having worked for an archrival, Winters generated strong buzz among the BofA directors because of his expertise in credit risk and for having worked at a bank run by Jamie Dimon, which weathered the financial crisis far better than BofA... (New York Post -- News)
People power Oct 25, 2009
Before this bank run occurred, although the bank was not in the best of all possible positions, it was not near bankruptcy ... "Before this bank run occurred, although the bank was not in the best of all possible positions, it was not near bankruptcy. A few weeks before this bank run, the central bank issued a statement saying DSB had sufficient capital and sufficient liquidity.". (BBC News -- Business)
Bove: Wells Fargo not 'sustainable' Oct 22, 2009
The investment bank run by John Mack reported earnings of $757 million, or 38 cents a share ... The investment bank run by John Mack reported earnings of $757 million, or 38 cents a share. (New York Post -- Business)
Latvia and its neighbours: Baltic brinkmanship Oct 17, 2009
At the height of the financial turmoil last autumn a bank run, currency crisis or similar mishap in Latvia could have caused a devastating collapse of confidence elsewhere. First in line were the other Baltic states, also suffering from popped credit bubbles and pegged currencies. (The Economist)
Minn. town gets healthy, adds longevity, together Oct 14, 2009
Vargas, 20, now draws on that experience as a volunteer at the Bulldog Pantry, a food bank run almost exclusively by students. ALBERT LEA, Minn. (Fresno Bee -- Local)
The week ahead Oct 12, 2009
If the lenders were to pull out, prompting a debt crisis or a bank run, problems could then spread to Estonia or Lithuania. THE governments of Turkey and Armenia are set to improve relations on Tuesday October 13th. (The Economist)
Sight unseen Oct 10, 2009
George Bailey tries to prevent a bank run. In a line: Heartwarming reminder that good guys can prosper. (BBC News -- UK)
Fresno State students take time to help out Oct 5, 2009
Vargas, 20, now draws on that experience as a volunteer at the Bulldog Pantry, a food bank run almost exclusively by students. Today, she is part of an expanding Fresno State community that has won national acclaim for its tradition of giving back. (Fresno Bee -- Local)
Ring of Truth(ers) Sep 11, 2009
In other versions, all of "the Jews" working there were tipped off by some phone bank run by the Mossad. In every version, however, the U.S. government was in on it, and everyone involved kept the biggest secret in American history. (Townhall.com)
Lessons from a virtual bank run Sep 8, 2009
Virtual embezzlement, leading to a devastating bank run in an online multiplayer role-playing game, or a Wall Street financial crisis fueled by irresponsible risk management that ends up with banks getting bailed out by a federal government free to print money as it pleases. This is what I am wondering after reading James Egan's (Thanks to reader Andrew Ashcraft for alerting me to an to Egan's piece, published in Massively, an online journal covering "massively multiplayer online roleplaying... (Salon)
Smallest Bank in U.S.: No ATM, No Online Banking, No Need for Govt. Bailout Aug 25, 2009
Small-Town Texas Bank Still Open for Business After 100 Years - ABC News. Small-Town Texas Bank Still Open for Business After 100 Years. (ABC News -- Business)
Deutsche Bank profit surges Jul 28, 2009
July 28, 2009 - 4:08PM. Deutsche Bank, Germany's biggest bank, said second-quarter profit rose 68 per cent, beating estimates, on increased revenue from trading bonds and stocks. (Sydney Morning Herald -- Business)
Banks eye US lender's Australian assets Jul 17, 2009
Some of its customers began drawing on their credit lines, putting even more pressure on the troubled company in what amounted to a bank run. Tremors from a collapse may be felt locally, with implications extending to Ten Network, and some small businesses face having their lines of credit pulled. (Sydney Morning Herald -- Business)
Endurance testing: Scientists to measure, study core temperatures of female runners Jul 12, 2009
In 2007, Ruby and his team monitored the temperatures of men running the Tri-Fecta during Missoula's YMCA River Bank Run. On a day where the air temperature was in the upper 50s, most registered core body temperatures between 103. (Missoulian, MT)
Federal bank crackdown threatens dozens of Blaine Co. businesses Jul 5, 2009
An agency spokesman called release of the cease-and-desist order routine, but First Idaho officers say the bank run was the final nail in the coffin, further weakening its capital ratio. On April 24, Thrift Supervision appointed the FDIC as the receiver of the bank. (Burley South Idaho Press, ID)
The long road to NYC Jul 5, 2009
In college I ran the 10K at the River Bank Run in Missoula. I ran the 7. (Montana Standard, MT)
3-on-3 season tips off in western Montana Jun 20, 2009
The River Bank Run and the 3-on-3 are our two large-scale special-event fundraisers every year, said Roger Miller, the YMCA's special events coordinator. The Bank Run generates more money simply because there are over 3,000 participants, but as far as regional 3-on-3 tournaments, this is one of the largest, if not the largest, for western Montana. (Missoulian, MT)
Trump Aims to Retake Control of Casinos Jun 18, 2009
CAMDEN, N.J. FONT SIZE. As the casino company that bore his name sank deeper and deeper into the red this year, Donald Trump went head to head with bondholders trying to buy it and take it private and lost. (ABC News -- Business)
From Wall Street to Accra May 21, 2009
Page last updated at 15:43 GMT, Friday, 15 May 2009 16:43 UK. By Mark Broad Economics producer, BBC News, Accra, Ghana. (BBC News -- Africa)
`Yambo' Leaves Hong Kong Legacy of Stability Marred By Lehman `Small Blip' May 20, 2009
May 20 (Bloomberg) -- , whos retiring as Hong Kongs central banker, steered the city through the Asian financial crisis, a bank run and an epidemic -- only to get burned by the collapse of. Yam, 60, will exit on Oct. 1 as the chief executive officer of the Hong Kong Monetary Authority, the government said yesterday. (Bloomberg -- Asia)
Business failures 'part of cleansing process' May 16, 2009
"The world lost confidence in the banking system at the sight of the Northern Rock bank run," he said. The ongoing problems on bank balance sheets, with toxic assets related to subprime and other high risk mortgages, were going to drag on the US and European economies for some time, said Mr Corbett, who is also a director of Wal-Mart, the world's biggest discount chain. (Sydney Morning Herald -- Business)
City Diaries May 12, 2009
Bank run There was also the role of the press. Yes, the press is there to report and journalists do a fantastic job. (BBC News -- Business)
Black-hole balance sheets May 1, 2009
Make no mistake about it, behind this unprecedented world panic and bank run is the book-keeping legerdemain that the US government and its bank examiners have adopted after the 1921 panic in the bond market. Thereby the commercial and savings banks, as well as insurance companies, in the US were authorized to carry government bonds at par value in the balance sheet, as if they were a cash item, in complete disregard for what they would fetch in the open market. (Asia Times Online)
Run on Banks Persistent Risk Without LPB Apr 16, 2009
The potential for a national bank run is real ... These cash mutual funds would represent the demand deposits under LPB and, since every dollar of deposits would be backed by one dollar of cash, there would be no need for FDIC insurance and no chance of bank runs. (Bloomberg -- Columnists)
Recession brings hunger home Apr 14, 2009
Wicked Local photo by Ken McGagh. Volunteers Diane Barbieri, left, and Karen Yin sort donated food at the Holliston Food Pantry Thursday. (Holliston Tab, MA)
Bankers get a model rush Apr 9, 2009
The real determinant of how much in loans it can make is what is called the bank's capital base - what the bank has in actual money to pay off depositors if a lot of them should come in all at once to get their money (think of the bank run scene in It's a Wonderful Life). Capital base differs among various bank regulatory regimes across borders, but at its core is a measurement of shareholder's capital in the bank, and, depending on the riskiness of the asset class, some valuation for the... (Asia Times Online)
Something Else To Blame on AIG! Apr 9, 2009
Just like a bank run but everybody's old ... Just as the FDIC prevents a national bank run after a small bank closes, this insurance insurer would stem a claims panic. (Slate)
Treasury to offer limited aid to insurers Apr 9, 2009
It also should resolve industry fears about bank run scenarios in which the companies dont have the ready cash to pay out policies for people who have lost confidence in the system, Litan said. But other experts warn that instability in the passed-over companies could endanger the industry a staple of consumer confidence and security and pose grave threats to the broader financial system. (MSNBC -- Business)
Big plans from the federal electricity man Apr 9, 2009
The Panel focused on six historical experiences: (1) the U.S. Depression of the 1930s; (2) the bank run on and subsequent government seizure of Continental Illinois in 1984; (3) the savings and loan crisis of the late 1980s and establishment of the Resolution Trust Corporation; (4) the recapitalization of the FDIC bank insurance fund in 1991; (5) Sweden's financial crisis of the early 1990s; and (6) what has become known as Japan's "Lost Decade" of the 1990s. The report also surveys the... (Salon)
Elliott: Thanks to bank for supporting CIS Apr 8, 2009
The Gateway Bank run for Communities In Schools has become known as a premier event, and, the fastest race in the area , we can t wait to run again next year. Jayme Elliott, Fort Oglethorpe. (Catoosa County News, GA)
Frances Dinkelspiel: Bankers must put stability ahead of profit Apr 4, 2009
The bank run might have spread to other cities if it hadn't been for the actions of Isaias Hellman, then president of the Nevada Bank in San Francisco as well as the Farmers and Merchants Bank in Los Angeles ... Bank runs happened regularly ... He personified the banker who rejected speculation in favor of steady growth, which is why he was so effective at stopping the 1893 bank run. (Sacramento Bee -- Opinion)
CROP Walks offer chance to help the hungry Mar 27, 2009
In Escondido this year, the recipient is the food bank run by Interfaith Community Services. In Fallbrook, 25 percent of the funds go to the Fallbrook Food Pantry, an organization serving 69,000 meals every year. (North County Times)
Washington Mutual Sues FDIC for Over $13 Billion Mar 22, 2009
Seattle-based Washington Mutual failed after mortgage losses soared, and following a 10-day bank run when customers withdrew $16. 7 billion of deposits. (ABC News -- Wire)
La. investors sue over Stanford investments Mar 18, 2009
(AP) Ten Louisiana investors who said they lost millions in a bank run by Texas billionaire R. Allen Stanford sued their financial advisers on Tuesday, arguing that the men misrepresented the investment products they sold. The suit accuses the six employees of the Stanford Group Company of misleading investors, telling clients they were investing in safe certificates of deposit when the Stanford International Bank in Antigua was actually "a speculative, highly leveraged hedge fund" and the CDs... (Nola.com -- Sports)
Some seek tranquility during roar of bike week Mar 2, 2009
More than 50 people outside Temple B'Nai Torah took part in a walkathon for the Jerry Doliner Food Bank run by the Jewish Federation of Volusia-Flagler Counties. Rabbi David Kane said people all-too-often focus on making donations during the holidays. (Daytona Beach News Journal)
Divided Ukraine skirting default Feb 27, 2009
This decline, which is now reaching critical levels, builds on weakness characterized by a bank run last October and a now year-long stock market crash. The hryvnia recovered to close Wednesday at 9 to the dollar, but some currency specialists nevertheless see a possible low of over 9. (Asia Times Online)
Britain steps up efforts on banks Feb 24, 2009
A year-and-a-half ago, Britons thought the country's first bank run in more than a century and the subsequent nationalisation of a mid-market mortgage lender was the worst the financial crisis could get ... Analysts said the announcement that the lender, the victim of the bank run, will make STG5 billion ($A11. (Sydney Morning Herald -- Business)
National debt means bleak future for many Feb 24, 2009
Think wrote on Feb 23, 2009 4:25 PM:" All politicians and the Federal Reserve are to blame. Most are crooks out to pad their own pockets. This whole mess could have been stopped if the Fed had done the job that was entrusted to them. Stupid move but some morons did back in 1913. Let a private bank run the Country. Odd how right after the Federal Reserve Act we end up in WWI. 1913 was also when we got the 16th amendment pushed down our throats. Good old Wilson. The Fed also allowed 1929 to be the... (Waterloo-Cedar Falls Courier)
Found in U.S. Feb 20, 2009
Carlos Hernandez / APA Caracas, Venezuela, branch of the bank run by Texas tycoon R. Allen Stanford was closed Thursday after the Venezuelangovernment seized control. . (MSNBC -- Business)
'A fraud of shocking magnitude' Feb 19, 2009
Texas firm with Boca offices, charity ties, accused of $8 billion fraud. Texas firm with Boca offices, charity ties, accused of $8 billion fraud. (The Palm Beach Post)
Defusing A $5.5t Run On The Banks Feb 15, 2009
Paul Kanjorski, of the House Finance Committee, confirmed the bank run recently. "At 11am [on Sept. 18] the Federal Reserve noticed a tremendous outflow of capital from the money markets - 550 billion was drawn out in an hour or two," the Congressman said. (New York Post -- Business)
Alexander Hamilton, J.P. Morgan... and Tim Geithner? Feb 14, 2009
On Tuesday, in which the Democratic congressman from Pennsylvania made some rather alarming statements about a supposed money market bank run last September. I probably should have been more skeptical than simply noting that the numbers quoted by Kanjorski didn't jibe with what the New York Times had contemporaneously reported. (Salon)
UBS reports country's worst loss of SwFr20bn Feb 10, 2009
UBS reports country's worst loss of SwFr20bn - Times Online. Sign up now and get a free gift. (Times Online)
In Europe, payback time for bankers Feb 7, 2009
Payback time for European bankers - International Herald Tribune. On French TV, President Nicolas Sarkozy attacked excessive trading room rewards. (International Herald Tribune)
