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The amount of money being placed on the ‘wheel of nation defaults‘ has risen quite remarkably over the past year. Some investors are using the derivatives market to place bets that the United States, Japan, and/or the United Kingdom will default on...
Clients of the large French bank Societe Generale are being told how to prepare for a possible global economic collapse.
In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have...
Commerce Bank of Southwest Florida (Fort Myers) has failed and the FDIC was appointed receiver.
On Friday, November 20, 2009 Commerce Bank of Southwest Florida, Fort Myers, FL was closed by the Florida Office of Financial Regulation, and the...
