Fox Business - The Power to Prosper
Search Site

The Peoples Bank

Dire consequences of default

Dick Bove of Rafferty Capital argues a default would wipe out bank equity and lending to the private sector and cause a depression.

Read More

  1. Bank Failures of 2010: Did Your Bank Make the List?

    This list shows the U.S. banks that have failed since the beginning of the year.Most of the banks are acquired, and the cost to the Deposit Insurance Fund, or DIF, w...

  2. U.S. regulators close five small banks

    By Diane BartzWASHINGTON (Reuters) - U.S. bank regulators closedthree small banks in Georgia, one in Wisconsin, one in Ohio andone in New Jersey, the U.S. Federal De...

  3. China Syndrome U.S. Deflation and China's Asset Bubble

    Unemployment is stuck near 10% and deflation and a stock market collapse threaten. The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds r...

  1. U.S. Behind Cyprus in Global Opportunity Index

    Milken Institute Chief Research Officer Ross DeVol on the list of the best countries for foreign investment and the factors that led to the decline in the U.S.’s ranking.

  2. 3 Inverse ETFs For September

    Two trading days into September, it is fair to say the broader market is not doing much of anything...yet. Strong trends in either direction have yet to emerge, but ...

  3. A Look Ahead: Next Week's ETFs to Watch

    Stocks closed higher on Friday, but it was not to avoid a weekly loss. A six-week winning streak for equities is now over, but riskier assets got a boost on Friday o...

  4. Morici: Japan Sound, U.S. Insolvent

    S&P has downgraded Japan's long-term debt from AA to AA-, indicating the U.S. AAA rating should be taken down several notches to less than AA-.National economies mus...

  5. 2010 List of Failed Banks

    2010 list of failed banks Failed bank Date closed Estimated cost to DIF ($millions) Earthstar Bank, Southampton, PA 12/10/2010 22.9 Paramount Bank, Farmington Hills,...

  6. 2010 List of Failed Banks

    This list shows the U.S. banks that have failed since the beginning of the year, and is updated weekly.Most of the banks are acquired, and the cost to the Deposit In...

  7. 2010 List of Failed Banks

    This list shows the U.S. banks that have failed since the beginning of the year, and is updated weekly.Most of the banks are acquired, and the cost to the Deposit In...

Freebase CC-BY
Source: The Peoples Bank on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL