Hints and tips:
...Crypto-focused bank Silvergate said it would cut to 40 per cent of its workforce....
...Over cocktails at a Lviv café in November, Igor told me that among the things that he didn’t have time to pack were a coin collection and family photo albums....
...It also allows customers to deposit their crypto assets and lend them out, earning interest far in excess of prevailing bank rates....
...collection operations....
...Third, we must ensure consumer protection and financial stability. Customer funds need to be safe and protected from runs like the one that took down Lehman Brothers investment bank....
...Ashtead, a £6bn company, is down by a fifth with no news on the tape other than Bank of America repeating “buy” advice....
...Unlike banks, which are dependent on deposits and other short-term funding, these funds raise money from long-term investors such as insurance companies and pension funds....
...coins into a savings box....
...“It’s madness,” says one bank chief executive. “We’re being encouraged to open up our data without knowing that the end guardian is going to keep it safe.”...
...Your insurer will want you to use an insurance-rated safe (costing upwards of £400) bolted to a brick wall or concrete floor. Renting a safe-deposit box is simpler, but more costly....
...We will be allowed to keep pound coins for use at school fetes. But bank notes that have face values that in any way reflect the real cost of things or allow you to save in size? No....
...One has bought a home safe, another has rented a deposit box in a bank and the third has looked into buying space in a Swiss vault....
...In drawing lessons, he notes that the promise made by banks to turn illiquid and risky assets into liquid and safe liabilities is, like other forms of alchemy, fraudulent....
...Between 1997 and 2010, investment accounted for less than one-fifth of Britain’s economic growth. Four-fifths came from debt-fuelled household consumption....
...Crudely measured, Chicago is roughly a third white, a third black and a third Hispanic. Most Chicagoans seem to accept it that way. “We are the most segregated city in America,” goes the joke....
...fifth of what they brought in....
...Greek savers have run down bank deposits in order to make “safe haven” investments, mainly in German government bonds, and buy gold coins and ingots, according to Athens bankers....
...These include ultra-safe covered bonds backed by bank assets such as mortgages (see box). This year, banks are selling record amounts of them....
...Behind a desk topped with green leather, there is a sturdy safe....
...As bank deposit rates decline, most of us spend more. The Chinese tend to stash away even greater sums to make up for the lost interest....
...The bulls maintain that gold and jewellery will come into their own as (portable) safe havens during turbulent times and cite recent evidence from the World Gold Council that consumer demand for gold coins...
...Competition in the retail market would then be on the basis of relative effectiveness in the collection and processing of deposits....
...At these shows he recites from his latest collection for an audience lured in with free entry and copious free wine. (Just so there’s no confusion, the shows are called Did I Mention the Free Wine?)...
...Once the current round of recapitalisations is complete and would-be buyers are convinced further large mortgage losses are unlikely, big banks in the Midwest such as Comerica, Fifth Third, National City...
...Three walls are covered from floor to ceiling with steel safe deposit boxes....
International Edition