Swiss National Bank Makes Epic Intervention Move, Sending The Swiss Franc Plunging:
This kind of floor/peg has been speculated on in recent weeks, but this is still an unbelievable move that will require ongoing Franc printing by the SNB to work.
Nigeria bank chief sees yuan becoming reserve currency: -
Nigeria plans to invest 5 percent to 10 percent of its foreign exchange reserves in China's currency, the renminbi (RMB) or yuan, the country's central bank governor Lamido Sanusi said on Tuesday.
Ford building $1bn manufacturing complex in India:
The new manufacturing facilities in Sanand in the western state of Gujarat will create 5,000 jobs, and will be able initially to produce 240,000 vehicles and 270,000 engines a year, Ford said.
Chris Whalen: Bank Of America Should Declare Bankruptcy:
Bank of America has over $100 billion in mortgage liabilities, says Chris Whalen Co-founder of Institutional Risk Analytics.
Bank Of America Called Grieving Widow "48 Times A Day":
Many families who have just lost a loved one have had to deal with the unfortunate task of dealing with the debt left behind after death. One widowed woman is suing Bank of America Home Loan Servicing, saying they called her as many as 48 times a day demanding payment.
Posts
