Is the Banking Industry looking up? To some sources it very well could be. Some banks have reported that they have gained a lot of ground when the First Quarter reports came out. Several banks have recently seen an upswing, among those are JP Morgan, Goldman Sachs and recently, the Citigroup. According to Citigroup, they did not anticipate such a big turnaround and it was very refreshing to report that the beat out expectations. It made a $1.6 billion gain compared to an ... Read More

With the Bank of England Governor Mervyn King speaking his mind on the government’s direction to introduce new fiscal stimulus plans to boost the economy, British Prime Minister Gordon Brown responded seemingly in the defensive.  King gave a statement on Tuesday, March 24, 2009 that the government should not give out any more fiscal stimulus since there is a growing budget deficit.  According to Brown’s spokesman, the fiscal stimulus is only one of the strategies the government is going to use to ... Read More