FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jun 16, 2011

Ireland Learning Lessons from Iceland, Seeks Haircuts on Irish Bonds The Market Oracle Iceland's method of coping with the financial crisis had a brutal charm about it. In essence, the country hoisted its middle finger to the owners of bank bonds, and a few other people it owedmoney to, and walked away. It worked. ... See all stories on this topic »

Hard slog to reach sunlit uplands Financial Times Nor was the investment poured into Spain from Germany and France during the growth years before the crisis all wasted on building holiday flats or urban homes that no one now wants to buy. A largeshare of the money went on transport infrastructure ... See all stories on this topic »

Financial reform: Conduits of contention Financial Times Ben Bernanke, chairman of the Federal Reserve, said in April: “Clearing houses around the world generally performed well in the highly stressed financial environment of the recent crisis. However, we should not take for granted that we will be as lucky ... See all stories on this topic » Financial Times

ANALYSIS-Corp savings glut offers buffer in post-QE2 world Forexyard By Natsuko Waki LONDON, June 16 (Reuters) - Cash-rich companies reluctant to spend their capital aggressively may offer critical support for financial markets that are increasingly wary of the withdrawal of crisis-time emergency cash by central banks ... See all stories on this topic »

Risk Management in Central Banking IEWY News I will also clarify why certain comments that have been made recently about central banks – in particular the ECB – becoming 'bad banks', as a result of their actions during the financial crisis, are fundamentally flawed. The financial crisis has ... See all stories on this topic »

Rand 15% overvalued, expect weakness in 2012 The New Age Online Canter also feels SA's listed bond market lacks diversity, with the banking sector taking up half of it and corporates just 22%. Canter also believes credit rating agencies - under the whip due to misjudging debt in the financial crisis - have an ... See all stories on this topic »

The Daily Reckoning June 15th HoweStreet.com The government also is on the hook for other debts such as the programs related to the bailout of thefinancial system following the crisis of 2008 and 2009, government figures show. Taken together, Gross puts the total at “nearly $100 trillion,” that ... See all stories on this topic »

A System-Wide Margin Call BullionVault Here, the quarterly financial numbers show the maintenance of the split between the vitality of Corporate (or should that be Corporatist?) America and that of the rest of the private sector, as well as the contrast between the unretarded profligacy of ... See all stories on this topic »

Greek default could mean market, economic turmoil Forbes By DAVID McHUGH , 06.16.11, 12:43 PM EDT FRANKFURT, Germany -- Greece's economy is small but the shock waves from a default on its debt could be amplified by links in the global financial system to hurt stocks, banks and entire economies far from the ... See all stories on this topic »

Inside Barclays Capital Here Is The City We've always managed capital with a focus on returns but that focus has intensified as a result of the financial crisis, so we're building out new businesses that are less capital intensive; revising our securitised products business, and managing down ... See all stories on this topic » Here Is The City

Newspaper Briefing, including Battle commences to define ring-fence terms ... Proactive Investors UK It is a modern-day Glass-Steagall, dealing with the risk of consumer bank runs in the aftermath of acrisis generated largely by investment banks. Even if deposits could be protected when a bank's investment banking arm suffered a Lehman-style collapse ... See all stories on this topic »

Stocks give up weekly gains in afternoon trading Chicago Sun-Times Overseas markets dipped for a second day because of fears that Greece will be forced to default on its bonds, an event that could trigger another financial crisis. The Euro Stoxx 50, an index of blue chip companies in countries that use the euro, ... See all stories on this topic »

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