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Banking Industry

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Everyone now agrees that Treasury Secretary Hank Paulson badly botched the Lehman Brothers crisis of 2009. But at least he had an excuse. The pace of events left him little time for second thoughts. By comparison the German-led group of EU officials who engineered this weekend’s Cyprus bank bailout don’t have a leg to stand... Read More
As all hell broke loose in the banking sector again yesterday after more downgrades from Moody’s, some older investors may have wondered what ever happened to the “bankers’ hours” of yore. The joke used to be that bankers lived by the “3-6-3 rule”: they paid 3 percent on deposits, charged 6 percent on loans, and... Read More
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