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Bribery Act
We recently reported on a possible review of the Bribery Act and advised that final guidance was expected to be published by the end of ...
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NHBR's editors recently met with representatives of the New Hampshire banking and finance industry at the Greater Manchester Chamber of Commerce to ge...
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...CHAPTER XII: FEDERAL HOUSING FINANCE AGENCY. SUBCHAPTER D: FEDERAL HOME LOAN BANKS. PAR...
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The economy has everyone from Wall Street to Main Street on edge these days. Local financial experts are advising to stay calm and think long term whe...
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American Int'l Group, Inc., et al. v. Bank of America Corp., et al., 11 Civ. 6212 (BSJ) (S.D.N.Y. Oct. 2011), highlights one of the common ways to ord...
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With rumors of a recession swirling on the national front, Utah's economy is in a unique situation. Our panel of experts suggest that the fall of the ...
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Although many banks declare their financial products * "sharia compliant," they are not offering a product that is truly based on sharia, stresses Dr. [Hossein Askari]. "What you see today isn't Islamic finance," he says. "Most of the banks do not have that risk-sharing component. Investors want a bond, and banks create something that looks like a bond but they say it is not a bond, so that it is sharia compliant.
One of the factors that has led to the current economic crisis is the "leveraging of the banking system," in which investors deposit their money in a bank, and the bank, lends 90 cents of the investor's dollar to other institutions. "If you deposit one dollar, you create IO dollars. The banks then securitize these loans, sell them, get cash and repeat the process," says Dr. A...
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Over the last nine months there were few significant legislative changes in the area of banking and finance regulations in Bosnia and Herzegovina. The...
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DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/7b1bd1/islamic_banking_h) has announced the addition of John Wiley and Sons...
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In a roundtable discussion, Turkey's central banker and other leading figures discussed the prospects for the country's economy. Durmus Yilmaz, governor, Central Bank of Turkey said that when Turkey decided to go into the EU, it had in mind, and it still has in mind, that they have to reform themselves so that with the new way of doing business, they will enhance the welfare of their society. Murat Dogan Erden, head of treasury, Turkcell added that the European Union is offering them a chain of values, a system that offers significant modernization and improvement of the economy. Muge Tuna, EVP, Garanti Securities added that just looking at the way central and eastern European countries that have gone through the EU accession process have benefited gives them a good target to go after. ...