 CNNMoney Société Générale (SCGLF), one of the oldest banks in France, has been at the forefront of investors' worried minds. The company's stock price has plunged to its lowest level since early 2009, when thefinancial crisis was in full swing. ... See all stories on this topic » | ||
| Banking Crisis in Denmark Holds Lessons for Europe's Regulators Bloomberg Ulrik Noedgaard, director general of the Financial Supervisory Authority, said forcing senior creditors to take losses deals with “the moral hazard issue, that people who provide credit to banks feel certain that they'll get their money back no matter ... See all stories on this topic » | ||
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| Ian Cornish: Give the banks time and set clear standards Yorkshire Post We have seen very vividly how dramatic the impact of a financial crisis can be, and how the previous system allowed a build-up of risk culminating in a scale of potential loss and economic damage which many individual financial institutions (and some ... See all stories on this topic » | ||
| The Euro Threat to Obama Wall Street Journal An economic shock from abroad is the last thing that the US economy now needs. By DESMOND LACHMAN In 2008, Barack Obama was propelled into the White House largely by a financial crisis. In 2012, he might find that what goes around in politics comes ... See all stories on this topic » | ||
| An Optimistic View Of The Financial Industry Seeking Alpha The public scrutiny of the banking industries' incompetence during this time further adds to theeconomic fear among consumers. The European financial crisis has caused more problems within US banks than any lawsuit to date. ... See all stories on this topic » | ||
| G7 faces grim outlook with resignation Financial Times François Baroin, the finance minister of France who will chair the G7, declared the outcome of the meeting on Friday and Saturday would be “co-ordinated, but adapted to the economic and budgetary situation” of each country. Writing for the Financial ... See all stories on this topic » | ||
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| The Smart New Solution to States' Financial Woes Motley Fool By Dan Caplinger | More Articles After the financial crisis of 2008 and early 2009, many pointed to the municipal bond market as the next potential source of economic catastrophe. Yet as state and local governments take extraordinary measures to try to ... See all stories on this topic » | ||
| Global Market Risks Greater Now Than in 2007, Eric Upin Says San Francisco Chronicle 8 (Bloomberg) -- Investors face a more imposing collection of risks than they did before subprime-mortgage losses spurred the biggest financial crisis since the 1930s, said Eric Upin, chief investment officer at Makena Capital Management LLC. ... See all stories on this topic » | ||
| Canada's Northern Tiger looks very like a bubble Irish Times The Bank of Canada reduced its policy rate to near zero at the height of the global financial crisisand, because the monetary transmission mechanism was not impaired, consumers were able to take advantage of generational lows in borrowing costs. ... See all stories on this topic » | ||
| MONEY MARKETS-Rate cut by Dec. fully priced after ECB meeting Reuters The ECB's change in tone reinforced market expectations that a worsening economic outlook in the euro zone and the United States and an escalating euro debt crisis could eventually force the bankto reverse its recent rate increases. The Dec. ... See all stories on this topic » | ||
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| Market strategist talks fads, cowering consumers Monitor “It's really a recession of confidence, rather than an economic recession,” said Kleintop, an executive vice president at Boston-based LPL Financial, which handles $340.8 billion in advisory and brokerage assets. IBC Bank invited Kleintop to McAllen, ... See all stories on this topic » | ||
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| Barking about ringfence bite Money Marketing ... yet banks and now the CBI are seeking to justify the current fragility as reason not to implement change rather than the fundamental reason for reform. “Banks run the risk of planting the very seeds of the next financial crisis unless their ... See all stories on this topic » | ||
| Separating Casino Activities from Banking Global Economic Intersection I quote from a recent IMF Staff Report appearing in a recent article: “Banks in Greece, Ireland and Portugal have significantly increased their government debt exposure during 2010. Shunned byfinancial markets and faced with deposit withdrawals, ... See all stories on this topic » | ||
| Yikes, says Bank of Canada Montreal Gazette By JAY BRYAN, The Gazette September 8, 2011 "In the light of slowing global economicmomentum and heightened financial uncertainty, the need to withdraw monetary policy stimulus has diminished." That's how the Bank of Canada summed up the reasons for ... See all stories on this topic » | ||
| One-Man Lobby Dimon Presses Washington to Ease Bank Rules: Influential 50 Bloomberg Dimon, who was fired from Citigroup Inc. (C) by his longtime mentor Sandy Weill 13 years ago, emerged from the financial crisis a born-again hero. His bank took $25 billion in aid from the US Treasury out of patriotic duty, not because it needed the ... See all stories on this topic » | ||
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| The Coming Currency Crisis HoweStreet.com It indicates a shift in the attitude of the most sophisticated elements of the Muslim world away from thinking of the US as a financial safe haven. And there's more. Consider this statement from Mr. Yu Yongding, an official of the People's Bank of ... See all stories on this topic » | ||
| International financial news Ninemsn FRANKFURT - The European Central Bank has effectively called a halt to its cycle of rising interest rates, saying the ongoing eurozone debt crisis was hurting economic prospects for the single currency area. PARIS - The US and rich nations in Europe ... See all stories on this topic » | ||
| The scapegoating of Ben Bernanke Washington Post Bernanke qualifies, especially given his identification with the highly unpopular rescue of Wall Streetbanks and financial institutions in late 2008 and early 2009. But the choice is particularly inapt. As much as anyone, Bernanke contained the crisis ... See all stories on this topic » | ||
| Global bondholders to decide on Greek swap offer Friday WTAQ Pressured by their taxpayers, euro zone governments insisted that the private sector shares the burden of averting a financial collapse in Greece before agreeing to the new bailout. A low participation rate in Greece's debt swap may mean reluctant euro ... See all stories on this topic » |
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