The auto market in the emerging countries of China and India is growing rapidly. For example, in March this year GM sold more cars in China than in the U.S. Many of the major car makers of the world are investing heavily in these countries in order to gain market share. Imitating the U.S. model, …
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The FDIC shutdown three banks in Puerto Rico(PR) yesterday which were on the verge of failure. The closed banks cost over $5B to the FDIC’s Deposit Insurance Fund (DIF). The three closed banks are: 1. W Holding Co. Inc.’s Westernbank (WHI) 2. R&G Financial Corp.’s R-G Premier Bank(OTC: RGFC) 3. EuroBancshares Inc.’s EuroBank Source: WSJ …
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