News by tag: Obama

10.01.2017

The economic legacy of Obama

Barack Obama will enter the pantheon of great orators when he leaves office this month. It’s easy to forget how much optimism and genuine hope he inspired on the campaign trail. Even now, after a rancorous eight years in office, he has a profound skill to inspire with his words. What is less well remembered is was just how much of a rotten state the economy was in when he inherited the Presidency. In many ways, The financial crisis and its aftermath have been the spectre haunting his Presidency. The financial crisis was not one of Obama’s making, but he had to deal with much of the wreckage. He oversaw the recovery of the US banking sector following its post-crisis bailout; a recovery that must be the envy of his European peers, who never have really sorted out their banks. Another defining challenge was the political backdrop: the Republicans regained control of the House of Representatives two years into Obama’s first administration (i.e. following the November 2010 elections) and control of the Senate in the November 2014 elections.

 
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20.12.2016

US Justice proposes $5-7 bn fine on Credit Suisse over toxic mortgage

The US Department of Justice is asking Credit Suisse to pay between $5 billion and $7 billion to settle an investigation into its selling of mortgage-backed securities, a source with knowledge of the matter told Reuters on Tuesday. The claim against Credit Suisse, which is likely to be negotiated in 2017, far outstrips the bank’s and investors’ expectations. However, if the sides do not reach an agreement, US authorities could sue the bank. Credit Suisse and the Department of Justice declined to comment.

 
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14.11.2016

Gold at the Dawn of a new Presidential Cycle

The price of gold was expected to benefit from the surprise Trump win, and it did immediately after, with a jump towards the September high near 1340 dollars per ounce. The rally lasted just three hours, then the course reversed and the former downtrend resumed with a sharp fall below the 1250 mark. Why, then, the sentiment that had pushed higher what is considered as a safe haven, turned to bearish so fast? The projected investments in infrastructure promised by Trump, sparked purchases of industrial metals, bonds yield went up, and so the dollar, not a friendly environment for gold.

 
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Events


Semptember 2015
  • 24
    Jan

    The constant and fast growth of impact investing during the last few years shows the economic signif

  • 25
    Jan

    Why Malta – a vibrant economic environment in a dynamic jurisdiction

  • 25
    Jan

    The Paris Fintech Forum 2017, organized by Altéir with the support of 60+ international partners, a

  • 26
    Jan

    I presidi informativi in fase di implementazione a livello internazionale ed europeo attraverso le m

  • 26
    Jan

    Im Banking steht der Kunde im Zentrum, das war schon immer so. In einem sich stark verändernden Umf

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