Coaching Tip

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Bank of America: Yesterday and Today

Coaching Tip

Giannini, a son of Italian immigrants, founded the Bank of Italy in San Francisco with the vision that banks should serve more than the fortunate few. . Rushing into the shattered city, he managed to have $80,000 in gold loaded onto a horse cart covered with vegetables before fire consumed the bank building. In 1904, A.P.

Banking 105
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Hello Deflation

Coaching Tip

The CPI increase was its lowest since 2010. Deflation is the real risk in China," stated the chief economist at a Hong Kong bank. The Last Argument of Central Banks: Asset Inflation Versus Price Inflation. According to the latest figures, deflation is now perched on China''s doorstep. Economic growth is also receding.

GDP 90
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2 Debt Instruments Pose Peril to Millions of Investors

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Consider, for instance, the latest boom instrument, a corporate product known as "covenant lite," bank loans that "subject borrowers to few of the usual performance requirements that have been standard in the past." With that in mind, consider this (Bloomberg, Sept.

Bond 70
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Wise Economic Decision Making

Coaching Tip

percentage points from GDP, based on the average of 2010's first three quarters. Some economists have been assailed for having financial ties to the big banks that did so much to precipitate the financial crisis. Last year, inflation-adjusted investment in new homes probably subtracted 0.17