iLocal News Archives

Lehman Brothers

The growth of shadow banking and the impact on the UK potentially shady

From The Market Mogul ‘Shadow banking’ globally has increased after a liquidity crunch following the financial crisis in 2008. The contagion caused by the collapse of Lehman Brothers, led to traditional banks around the globe pulling back their credit lines,…

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FIFA blocks $20 million in payments to scandal-ridden groups

By Tariq Panja From Bloomberg Soccer bodies in Americas each face $10 million shortfall Concacaf and Conmebol have promised audits, transparency FIFA has blocked $20 million in funding to the organizations that oversee soccer in the Americas, dealing yet another…

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RBS Warns Investors of ‘Cataclysm’: ‘Sell Everything’

By F McGuire From Newsmax The Royal Bank of Scotland reportedly has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to…