 The Associated Press ___ SHANGHAI — China is moving to support its state-run banks and financialmarkets, with a government investment arm purchasing shares in the four biggest lenders as worries mount over debt and slowing growth. ___ BEIJING — China is imposing a ... See all stories on this topic » | ||
| EU raises stakes in crisis with new plan Palm Beach Post (AP Photo/Peter Dejong) latest money news » From The Post and AP By GABRIELE STEINHAUSER The Associated Press BRUSSELS — The European Union's executive is taking its boldest step yet to stem the financial crisis, challenging member states to adopt a ... See all stories on this topic » | ||
| EU raises stakes in crisis with new plan Forbes "This crisis started with the financial crisis (of 2008). Three years later we are still facing doubts about the capacity of the banks to cope with, for instance, their exposure to sovereign risk," Amadeu Altafaj Tardio, spokesman for Olli Rehn, ... See all stories on this topic » | ||
| Reich: European debt crisis proves Wall Street has learned nothing Baltimore Sun If you want the real reason for concern in the United States about what's happening in Europe, follow the money. A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion ... See all stories on this topic » | ||
| Slovakia blocks euro rescue fund; loan buys time for Greece Reuters A rush is now on to beef up the currency bloc's rescue fund and bolster its banks. Europe's top financial watchdog warned that the euro zone's sovereign debt crisisthreatened global economic stability. Trichet issued the dramatic warning as chairman... See all stories on this topic » | ||
| Euro crisis could 'destroy' financial system, George Soros warns Globe and Mail Besides Mr. Soros, the group includes a former German finance minister, former French foreign minister, noted economists and the one-time commissioner of economic and monetary affairs for the EU. The group called for a pan-Europe institution to pump ... See all stories on this topic » | ||
| Pimco Sells Default Swaps on Banks: Japan Credit San Francisco Chronicle While the cost of protecting against a default by Japan's banks has risen to an all-time high, it's below that of financial institutions in Europe and the US Lenders in Japan owned $1.3 billion in Greek debt at the end of March, compared with $15 ... See all stories on this topic » | ||
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| Fed Oversight of Nonbank Financial Companies Is Weighed New York Times The new standards and the creation of the oversight council stem from the Dodd-Frank regulatory act, which, in response to the financial crisis, expanded the ability offinancial regulators to oversee big companies that could prove to be a threat to ... See all stories on this topic » | ||
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| Daily World Market Update FXstreet.com by Jeremy Cook - World First UK Ltd | View company's profile Slovakia's government is no more this morning after they became the first government not to pass the enhancements to the European Financial Stability Facility. The opposition arguments to... See all stories on this topic » | ||
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| CSF wrong claims to US blocked $2.5bn arrears: Dar Pakistan Daily Times He cautioned the government that Pakistan was required to pay $1.l2 billion in 2011-12, $3.4 billion in 2012-13 and $3.5 billion in 2013-14 for repayment of IMF loan and affairs ofeconomy should be managed carefully to aviod any crisis. ... See all stories on this topic » | ||
| FDIC rule would prevent banks trading for profit NewsOK.com For years, banks had bet on risky investments with their own money. But when those bets go bad and banks fail, taxpayers could be forced to bail them out. That's what happened during the 2008 financial crisis. The Federal Reserve has also approved a ... See all stories on this topic » | ||
| The Swedish model for Europe's bail-out Financial Times The challenges to secure financial stability and restore market confidence are similar to what Sweden faced during our banking crisis in the early 1990s, but on a European level. At worst, non-performing loans in Swedish banks amounted to more than 12 ... See all stories on this topic » | ||
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| EBA Said to Weigh 9% Capital Benchmark in EU Banks Health Check BusinessWeek “I'm not sure the EBA knows the answer to the question of where the money will come from to recapitalize the banks yet,” Bob Penn, financial regulation lawyer at Allen & Overy LLP, said in a telephone interview in London today. ... See all stories on this topic » | ||
| 'Occupy Yeouido' protest Korea Times Just as the Wall Street mega banks escaped from the financial crisis they made with taxpayers' money, Korean banks pulled out of the currency crisis with public funds ― and both groups have since been partying with hefty bonuses and dividends while ... See all stories on this topic » | ||
| Financial malaise a crisis of confidence multiplied by three Canada.com By Ray Turchansky, For Postmedia News October 11, 2011 TD Bank chief economist Craig Alexander began his recent talk to the Edmonton Chamber of Commerce with a warning. "This presentation includes graphic charts and illustrations of financial risk, ... See all stories on this topic » | ||
| Printing cash won't end banking crisis Socialistworker.co.uk Quantitative easing is essentially a way of pumping money into the economy. TheBank buys financial assets, in this case Treasury bonds (gilts), from banks and private investors. The former bondholders get more money in their bank accounts, ... See all stories on this topic » | ||
| Wells Fargo ExpressSend Remittance Service Expands Its Payout Locations in ... MarketWatch (press release) Established in 1963, Vietcombank provides commercial banking, consumer finance, insurance, securities services and investments through nearly 400 branches and subsidiaries nationwide, 2000 ATMs, e-banking (VCB Money) and the internet ... See all stories on this topic » | ||
| Painful Job Cuts Coming to Wall St. New York Times Despite the fallout from the 2008 financial crisis, the sector actually accounts for a bigger share of the American economy than before the crisis, representing 8.4 percent of total gross domestic product. Output from manufacturing, while still larger, ... See all stories on this topic » | ||
| Families relying on more money smarts to get by The News Journal The Edina, Minn., couple were living off the dividends from financial stocks, such as Wells Fargo, figuring they were ultra-safe. Then those stocks cratered in the financial crisis, the dividends disappeared and their portfolio shrank by 60 percent ... See all stories on this topic » | ||
| Junk bond market prices in recession gloom Financial Times Judged by the 800 basis point premium, or spread, paid above US Treasuries, the market is as risky now as it was during the financial crisis. Yet high yield debt is one of the the most changeable of asset classes, as companies move in and out of ... See all stories on this topic » | ||
| Osborne to Defend Strategy as Labour Warns of U.K. Jobs Crisis Bloomberg Bank of England policy makers restarted their asset-buying program last week as Europe's debt crisis and slowing global growth threatened the recovery. Governor Mervyn King said the move was a response to what may be the worst financial crisis ever. ... See all stories on this topic » | ||
| Opportunities In The Global Slowdown Seeking Alpha Since France's banks and financial system are much more exposed to PIIGS debt and their banks are already under attack, France would prefer using the EFSF to recapitalize the French banking system immediately. Germany would rather use the EFSF as a ... See all stories on this topic » | ||
| Goldman Sachs Earnings Collapse in Wells Fargo's Record Year BusinessWeek ... zero until 2013 to combat stalling economic growth. Debate among European policy makers about how to solve deteriorating government finances and whether to add capital to banks also sparked fears that a misstep could lead to a new financial crisis. ... See all stories on this topic » | ||
| BRIC Stocks: Will Their Slowing Economies Lead To Global Crisis? NASDAQ Finance.) The BRIC markets (Brazil, Russia, India, and China) haven't received much headline attention during the global financial crisis, but they should hardly be dismissed. The nations have served as an invaluable pillar to the global economy and ... See all stories on this topic » | ||
| ETFs To Help Make You Money During Sharp Down Moves Seeking Alpha Today ECB President Trichet said that the EU credit crisis has reached “systemic dimension.” He warned that the risk of economic shocks spreading further across thefinancial sector has increased. He noted that bank funding markets have dried up ... See all stories on this topic » | ||
| Romney Defends Bank Bailouts Brevard Times We are not any better prepared today for a financial crisis as we were then. Paul: We've been living in a Keynesian economy for decades. Austrian economists predicted these bubbles. The middle class lost their jobs, lost their houses. ... See all stories on this topic » | ||
| Earnings Derby: Alcoa Strikes Out, Google To The Plate, JPMorgan On Deck Forbes They're both worth a look–Google for its tendency to crush estimates, and JPMorgan as a speculative financial play that pays you for your time and patience, offering a dividend good for a 3.3% yield. Fellow financial firms Goldman Sachs and Bank of ... See all stories on this topic » | ||
| Surprise: Stocks are breaking out MSN Money In China, the state-run Huijin Investment fund bought shares in four of the country's largest banks in what was the first state-backed bank share purchases since the 2008financial crisis. The move comes in response to increasing doubts about the ... See all stories on this topic » | ||
| Exchange merger is Step 1 toward Moscow goal MarketWatch The 2008 crisis “was a wake-up call,” Tchakarov said. “The Russian authorities were really humbled by this crisis.… Russia will need foreign money to finance this deficit. It's a totally new macroeconomic paradigm for this government. ... See all stories on this topic » | ||
| Wonkbook: The GOP's simple solution Washington Post (blog) 3) Politicians should pledge to not take bank money, writes Harold Meyerson: "Here's a modest proposal: Refuse all campaign contributions from banks, hedge funds, private equity funds and their partners and employees. From the whole financial sector. ... See all stories on this topic » | ||
| Battling Capital CounterPunch The debt crisis had many parents, but first among them was the high-octane power offinance. The oil price rise of 1973-74 earned the oil-exporting states vast sums ofmoney, which went into the North Atlantic banks as petro-dollars. ... See all stories on this topic » | ||
| Europe's Crisis Now “Systemic” as Slovakia Determines the Future of the Global ... International Business Times Stocks have been mixed while the world turns to Slovakia to determine the future of the global financial system as we know it. Strange as that may sound, the small eastern European country is the only one of the 17 Euro Zone members which has not yet ... See all stories on this topic » | ||
| Election reform Lawrence Journal World Now, the governor of the Bank of England has cautioned that the world is possibly facing the worst economic crisis in history. Congress must pass strong regulations that will prevent future financial misconduct by Wall Street bankers and speculators. ... See all stories on this topic » | ||
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| JGBs flat after shares rebound, Europe woes support Reuters "Capital injections into banks by governments or the EFSF (European FinancialStability Facility) mean using tax money and that is not something that's easy to get agreement on, so we still need to watch arguments at meetings such as the EU summit," ... See all stories on this topic » | ||
| Weeks of worry: How will debt crisis affect earnings? Monsters and Critics.com The first time came in the middle of the financial nightmare of 2008, shortly after rival Lehman Brothers Holdings Inc declared bankruptcy and was liquidated. In uncertain times, investors are prone to keep their money. The head of the investment bank ... See all stories on this topic » | ||
| FACTBOX-ECB policymakers' recent comments Reuters Asked whether the flooding of markets with new money would lead to inflation in the medium term, Trichet said: "This fear is totally unfounded." "The crisis is systemic and must be tackled decisively." "The high interconnectedness in the EU financial ... See all stories on this topic » | ||
| Romney Won! He would tackle trade, repeal Obamacare, stop throwing money away ... Ideal Taxes Association Nothing wrong with that, of course, but right now, with the American people in the kind offinancial crisis they are in, they need someone who knows how to create jobs, and I do. ROMNEY: OK. What's happened in this country under the Obama ... See all stories on this topic » | ||
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| How to get to a true gold standard Washington Examiner Today the economic crisis we endure is only the latest chapter in the century-long struggle to restore financial order, the success (or failure) of which is inextricably bound up with American prosperity and the promise of the American way of life. ... See all stories on this topic » | ||
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| IMF Survey: Regulators Identify Data Needs to Track Shadow Banks In the wake of the global financial crisis, regulators agree that they need to know ...IMFSurvey Magazine: In the News ... Yet they noted that risk that these so- called shadow banks—such as insurance companies, money market funds, hedge ... the coverage of nonbank financial institutions in economic and financial statistics. ... www.imf.org/external/pubs/ft/survey/so/.../NEW092911B.htm |
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