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News Now

Market
News of the Competition (01/03/2013)
MADISON, Wis. (1/3/13)

  • China, Israel, France and Russia are the most dangerous countries for banks to operate within, according to Americas at Control Risks Group, a London-based company that monitors political, security, operational and regulatory risk (American BankerJan. 2). U.S., Russia and Netherlands top the list of countries that are points of origin for malware, according to the company. Americas at Control has lately been tracking corruption, and has found improvement in the strength of regulators in the U.S. Banks are increasingly seeking to move into "frontier markets" such as Myanmar, Belize, North Africa, sub-Saharan Africa, Eastern Europe and Latin America …
  • U.S. light-vehicles are in the midst of their best sales streak since 1973 as consumers replaced cars and trucks that are, on average, the oldest ever on the nation's roads, according to a Bloomberg survey of analysts (Bloomberg Jan. 2). Car and light truck sales in the U.S. were expected to rise 9.6% in December, Bloomberg said. That would mark the third-straight annual gain of at least 10%, the best streak in nearly four decades. Replacement demand from owners of damaged vehicles and purchases deferred by Hurricane Sandy on the East Coast added about 50,000 to December sales totals, according to Credit Suisse Group AG. The annualized industry sales rate, adjusted for seasonal trends, was estimated to be 15.4 million for December, according to analysts' estimates …


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