Yet another dark cloud is looming over global banks as officials examine their behavior in the massive foreign exchange market, threatening to deal a new blow to earnings and reputations.
http://money.cnn.com/2013/11/20/investing/forex-probe-lawyers/index.html
::Union Paradise®
How the economy would weather private-credit defaults rising to financial
crisis-like levels
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A repeat of the 2008 crisis for defaults in private credit only impacts GDP
growth by between one-fifth and one-half of a percentage point.
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