Written by Higher-than-expected demand for cash from the European Central Bank on Thursday signaled that many banks are still unable to get the funds they need on the open market, setting back policy makers’ efforts to take banks off life support. READ MORE »
Posts in category Money
BofA suit highlights MBS repurchase hurdles
Written by Bank of America Corp (BAC.N) said a judge had dismissed a lawsuit by investors who claimed the bank failed to disclose necessary information about $352 billion of mortgage securities. READ MORE »
Facebook: Pay or get out
As Facebook starts to host all sorts of commerce — and is now mandating the use of its currency — perhaps it’s time to stop thinking of it as a company and start thinking of it as a country. READ MORE »