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Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. - George Soros

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Entries Tagged ‘Bank Holding Companies’

Discount Window Borrowing Jumps to $262 Billion in one day

American Banker | Friday, September 26, 2008
By Steven Sloan
WASHINGTON During another turbulent week on Wall Street, lending through the Federal Reserve Board’s discount window skyrocketed to $262.3 billion on Wednesday, thanks to new lending programs unveiled during the week.
It was the second record in as many weeks and more than double from the previous high [...]

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Think Wall Street is going to disappear? Don’t bet on it.

NEW YORK (MarketWatch) — Things have been happening pretty fast, but it’s kind
of funny how quickly people have come to some ironclad conclusions: Wall Street
as we know it is dead. Risk is gone. Trading is over. Deposits are king.
Goodbye, Dick Fuld and credit-default swaps. Hello, Ken Lewis and three-year
certificates of deposit.
If only it were true. [...]

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