I’m getting over a miserable case of the flu which completely destroyed my Thanksgiving and I happen to be fading fast right now. Let me give you a synopsis of what I picked up on the Web today about Black Thursday sans links. Sorry, but I don’t have the energy and I suspect most of […]

Being a banker these days has to be one paranoid experience e. On the one hand you have most of Congress, the Fed and the administration telling you to lend, lend, lend and then today the Office of the Comptroller of the Currency told its examiners to get tough with the banks they examine. The […]

In case you missed it, majority control of the Royal Bank of Scotland passed into the hands of the British Government today. The government now owns 57.9% of the bank. Royal Bank had been trying to raise new equity capital but its attempt failed when just 0.24 % of the shares offered were picked up […]

I suppose there is a reason so if anyone can enlighten me about this feel free to do so. I, frankly, can’t figure out how a company that derives its revenues from gaming can run into serious financial problems. Sure, I understand that it’s always possible to spend beyond your means no matter how predictable […]