It is not solvency, or the lack of capital – a vague, synthetic, and usually quite arbitrary concept, determined by regulators – that kills a bank; it is – as Dick Fuld will tell anyone who bothers to listen – the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.
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Although Manhattan’s median rent increased nearly 3 percent from last year to $3,320, new data indicates that the pace of Manhattan’s rent price growth has slowed dramatically over the course of the last 12 months.
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BANFF — Industry in the Canadian Prairies is a big source of the country’s carbon emissions, but the same landscape is also expected to be a rare beneficiary of climate change.
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Health Minister Sarah Hoffman says the NDP government’s decision to end private lab services is part of a plan to create a single integrated medical testing service for the province to improve stability and accountability.
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For decades, Switzerland had a reputation for bank secrecy that made it the most sought after tax haven for billionaires from around the globe. But, after more than 80 years of secrecy, a series of bilateral agreements with countries around the world, including America’s Foreign Account Tax Compliance Act (FATCA), have forced the private-banking industry in Switzerland to embrace an entirely new era of transparency that requires a full exchange of tax-relevant information with more than a hundred countries.
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Oil futures fell Friday as investors cashed in their recent gains and skepticism grew over a tentative agreement to cut production among members of the Organization of the Petroleum Exporting Countries.
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The economic impact of the dairy industry continues to grow
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Canadian oilsands producers are running out of tricks to buoy their share prices as crude prices keep bumping up against a $50 ceiling.
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Too late to turn back.
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