Each year European Union regulators perform annual examinations of capital, testing banks to show liquidity. According to Yves Mersch, European Central Bank council member, the test this year will be more challenging than the test from 2010. “The next stress tests won’t be a test of the liquidity but of the banks’ solidity,” he said. ...
Germany’s Chancellor Angela Merkel is might have caused her country’s chance of winning the European Central Bank presidency by choosing her chief economic advisor to become the head of the Bundesbank. Jens Weidmann is going to replace current Bundesbank president Axel Weber. It was surprising that Weber decided to quit his position as he was ...
U.S. money-market funds are in risk. The worsening situation in Europe will have large negative impacts on some of the largest U.S. funds as these hold billions of dollars in securities issued by Spanish and Italian banks. Europe’s situation has to improve now. It is no longer a major concern for European businesses and countries, ...
Paul Orberson values education and continues to give. Due to his donation toward athletics, Western...
David Leuschen is a president and co-Founders of Riverstone Holdings, LLC, was founded in...
Identifying your competitive advantage isn’t always as easy as you think Most good business ideas are established by a...
Donald Trump is about to invest in the Indian property market with his new project in Mumbai. Trump is not the only one that has taken interest in the Asian market. In 2009, American real estate giant and CEO of Island Capital Group, Andrew Farkas, invested in a project with a property developer to build luxury marina facilities along the Dubai waterfront. The Asian real estate market has been very lucrative, which is now shown by Trump’s 65-storey Trump Towers project. Indian real estate firm, Rohan Lifescapes, is going to execute the plan and build the towers, which will officially launch when Trump takes his trip to India in the near future. Chairman Harresh Mehta named it an ‘iconic project.’ He discusses the future of the building that will become a 3,00,000-square-foot complex with 45 spacious apartments. In addition to the number of apartments, the main features of the building are going to be a luxury spa, gymnasium and mini-theatre next to a hi-tech security system. "The bookings would start in February and we expect good response."