Banking services were also available in ancient Rome, primarily aimed at merchants engaged in trade. Bankers known asargentariiprovided services such as deposits, loans, and currency exchange for clients. Argentarii were private Roman bankers who appeared inthe 3rd century BC. They were money changer...
This includes unionists taking the lead when negotiating with business and government, the government intervening to stop the breakdown of market prices, creating of Staatliche Bankenaufsicht (State Banking Supervision) to oversee the Reichsbank, and offering low interest government loans to struggling bu...
Note that if the economy tanked, it would be a few months before banks faced problems by people defaulting on loans and mortgages. So help might be needed in July, but they got trillions just as this downturn began! Recall the Fed had been giving them billions of dollars in near zero ...
The key point here is that FTX was reportedlysiphoning off customer assets as collateral for loans, and then covering it with a token it made up and printed at will, drip-feeding only a fraction of its supply into the open market. The financial acrobatics between the two firms somewhat rese...
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There’s going to be a very large inflation here that’s going to squeeze the wage-earning class that already is falling behind in its home loans, in its student debt, in its credit card debt, in its bank debt. The worry of the stock market is there’s going to be a break in the...
Those loans had as collateral a portion of the ranch’s oil royalties and also the ranch itself. For the first time since 1933 the 825,000 acres of the ranch—its windmills, stock pens, swimming pools, Kineños’ cottages, and even the Big House—were mortgaged. While all these ...
From the economic point of view it is perhaps not unfair to represent these payments as acting as international loans for facilitating trade. Many of the Roman objects found in free Germany were thus probably paid for in hard cash, and the invisible export which earned that cash was the ...
Throughout the Empire, indigenous war-disabled had less access to administrative jobs, agricultural land and bank loans. This social policy, which was costly for France, was a priority because of the political imperative of showing gratitude for those who sacrificed themselves for the country, but...
With only $15 million in cash and $80 million in loans, he bought the whole group. After the completion of the acquisition, he immediately sold most of the assets of the group, leaving only two departments of Dior brand and Lok Ma Ge department store. ...