Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54460 Wed, 23 Jul 2014 21:11:36 GMT U.S. Poised to Label MetLife a Potential Threat to the Financial System http://implode-explode.com/viewnews/2014-07-23_USPoisedtoLabelMetLifeaPotentialThreattotheFinancialSystem.html iehi-feed-54458 Wed, 23 Jul 2014 16:24:07 GMT Homeowners with loan mods now face rate increases http://implode-explode.com/viewnews/2014-07-23_Homeownerswithloanmodsnowfacerateincreases.html iehi-feed-54454 Wed, 23 Jul 2014 15:03:32 GMT Argentine default in balance as government refuses to capitulate http://implode-explode.com/viewnews/2014-07-23_Argentinedefaultinbalanceasgovernmentrefusestocapitulate.html iehi-feed-54453 Wed, 23 Jul 2014 14:59:49 GMT Draghi Cedes Euro Control to Yellen on Fed Rate Wagers http://implode-explode.com/viewnews/2014-07-23_DraghiCedesEuroControltoYellenonFedRateWagers.html iehi-feed-54452 Wed, 23 Jul 2014 14:56:49 GMT Wall Street Cut From Guest List for Jackson Hole Fed Meeting http://implode-explode.com/viewnews/2014-07-23_WallStreetCutFromGuestListforJacksonHoleFedMeeting.html iehi-feed-54451 Wed, 23 Jul 2014 01:45:36 GMT NY Fed found serious problems at Deutsche Bank's U.S. arms http://implode-explode.com/viewnews/2014-07-22_NYFedfoundseriousproblemsatDeutscheBanksUSarms.html iehi-feed-54450 Tue, 22 Jul 2014 14:42:01 GMT Saudi Stocks Soar as Kingdom Opens to Foreigners Next Year http://implode-explode.com/viewnews/2014-07-22_SaudiStocksSoarasKingdomOpenstoForeignersNextYear.html iehi-feed-54449 Tue, 22 Jul 2014 14:40:12 GMT Existing-home sales rise 2.6% in June http://implode-explode.com/viewnews/2014-07-22_Existinghomesalesrise26inJune.html iehi-feed-54448 Tue, 22 Jul 2014 14:33:11 GMT German Economy Hit by US, EU Sanctions on Russia http://implode-explode.com/viewnews/2014-07-22_GermanEconomyHitbyUSEUSanctionsonRussia.html Even prior to the sanctions, the Russian economy had been struggling. Now, though, the Ukraine crisis is beginning to make itself felt in Germany as well. German industry's Committee on Eastern European Economic Relations believes that the crisis could endanger up to 25,000 jobs in Germany. Were a broad recession to befall Russia, German growth could sink by 0.5 percent, according to a Deutsche Bank study.

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The most recent US sanctions, warns Eckhard Cordes, head of the Committee on Eastern European Economic Relations, have placed an additional strain "on the general investment climate." Particularly, he adds, because European companies have to conform to the American penalties.

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iehi-feed-54446 Tue, 22 Jul 2014 14:29:31 GMT Flint manager warns of bankruptcy over retiree costs http://implode-explode.com/viewnews/2014-07-22_Flintmanagerwarnsofbankruptcyoverretireecosts.html iehi-feed-54443 Tue, 22 Jul 2014 14:20:54 GMT Serious Fraud Office set to launch criminal probe into forex rigging http://implode-explode.com/viewnews/2014-07-22_SeriousFraudOfficesettolaunchcriminalprobeintoforexrigging.html iehi-feed-54442 Tue, 22 Jul 2014 14:19:33 GMT The dollar's 70-year dominance is coming to an end http://implode-explode.com/viewnews/2014-07-22_Thedollars70yeardominanceiscomingtoanend.html iehi-feed-54441 Tue, 22 Jul 2014 01:06:05 GMT ‘BRICS Bank capital might not be held in US dollars' http://implode-explode.com/viewnews/2014-07-21_BRICSBankcapitalmightnotbeheldinUSdollars.html iehi-feed-54439 Mon, 21 Jul 2014 21:05:32 GMT Wall Street Adapts to New Regulatory Regime Under Dodd-Frank http://implode-explode.com/viewnews/2014-07-21_WallStreetAdaptstoNewRegulatoryRegimeUnderDoddFrank.html "Dodd-Frank certainly catalyzed substantial amounts of simplification, and we're moving well beyond that through our own initiatives," said James Mahoney, a Bank of America spokesman.

The new regulatory regime is also prompting banks to add thousands of staffers to help ensure compliance. By the end of this year, J.P. Morgan Chase JPM 0.00% & Co. expects to have added 13,000 employees focused on regulatory, compliance and control efforts, Chief Executive Officer James Dimon said in his annual shareholder letter. John Gerspach, Citigroup's chief financial officer, told investors Monday the company will likely end the year with 30,000 people dedicated to regulatory and compliance efforts, a 33% increase from 2011, even as Citigroup cuts its overall headcount.

Bank regulators point to the changes on Wall Street as evidence their efforts to suck risk out of the financial system are working. "Really we're in a substantially different place, and a much improved place," said Thomas Curry, comptroller of the currency.

But the banks' efforts are not enough to damp worries among some policymakers and lawmakers that the broader economy remains vulnerable to the potential collapse of a large, interconnected financial firm. Banks' are getting hungrier for risk as they try to compensate for sluggish economic growth, ultra-low interest rates and higher regulatory costs though appetites remain subdued compared to pre-crisis levels.

U.S. leveraged syndicated lending totaled $1.244 trillion in deal volume in 2013, up from $893 million in 2012 and surpassing the 2007 peak of $1.191 trillion, according to data from Dealogic. Banks provide the vast majority of the leveraged loans to fund buyouts.''

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iehi-feed-54437 Mon, 21 Jul 2014 13:40:38 GMT The Subprime Auto Loan Bubble Bursts http://implode-explode.com/viewnews/2014-07-21_TheSubprimeAutoLoanBubbleBursts.html iehi-feed-54436 Mon, 21 Jul 2014 13:36:12 GMT UBS Warns Everything Is Overpriced, Prepares For Sell-Off http://implode-explode.com/viewnews/2014-07-21_UBSWarnsEverythingIsOverpricedPreparesForSellOff.html iehi-feed-54435 Mon, 21 Jul 2014 13:34:18 GMT The BRICS Don't Like the Dollar-Dominated World Economy, but They're Stuck With It [For Now] http://implode-explode.com/viewnews/2014-07-21_TheBRICSDontLiketheDollarDominatedWorldEconomybutTheyreStuckWith.html iehi-feed-54434 Mon, 21 Jul 2014 13:27:48 GMT Why Bank of Cyprus needs additional capital http://implode-explode.com/viewnews/2014-07-21_WhyBankofCyprusneedsadditionalcapital.html iehi-feed-54433 Mon, 21 Jul 2014 13:13:09 GMT The inflection point has arrived in Southern California real estate http://implode-explode.com/viewnews/2014-07-21_TheinflectionpointhasarrivedinSouthernCaliforniarealestate.html iehi-feed-54432 Mon, 21 Jul 2014 13:03:59 GMT Repub. Report: Dodd-Frank Worsens TBTF http://implode-explode.com/viewnews/2014-07-21_RepubReportDoddFrankWorsensTBTF.html