FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 23, 2011

GLOBAL MARKETS-World stocks gain, dollar dips on stimulus talk Reuters Financial markets have been in turmoil over the past month on concerns the United States may be headed for another recession and as the euro zone's debt crisis has worsened. World stocks, as measured by the MSCI All-Country World Index . ... See all stories on this topic »

U.S. Money Funds Cut Europe Bank Debt Stake as Crisis Deepened, Fitch Says Bloomberg That was down from 48.7 percent as of the end of June and the lowest since 45.4 percent at the height of the global financial crisis in the second half of 2008, according to Fitch data. Primemoney-market funds' holdings of European debt are down from ... See all stories on this topic »

Euro zone system has major flaws People's Daily Online Therefore, the euro zone cannot make a long-term economic development plan for itself. Another reason for this crisis spreading so widely and deeply is that the euro zone does not has a unified system for managing and supervising the financial ... See all stories on this topic »

Bank of America's share nosedive fuels fears of a second credit crunch The Guardian "It does sap investor confidence to see a bank of this stature struggling so mightily," said David Dietze, chief investment strategist at Point View Financial Services in New Jersey. "It casts a shadow over the entire financial sector and puts a ... See all stories on this topic » The Guardian

State Bonds Yield Gap to Federal Debt Widest Since 2009: Australia Credit Bloomberg The semi-government debt includes some securities under an Australian federal government guarantee announced in 2009 after borrowing costs for the states soared amid the global financial crisis. Apart from the states, highly rated foreign issuers such ... See all stories on this topic »

Asian CB markets abuzz with deals The Asset In comparison, during the boom of 2007, right before the financial crisis hit the market, Asian issuers had raised a record US$23 billion. “We are seeing the strongest market since 2007 in terms of deal volume and pricing despite the recent market ... See all stories on this topic » The Asset

The great inequity Frontline In the credit crisis, the George Bush and Barack Obama administrations hastened to bolster the anxiety of the propertied: the stimulus built scaffoldings for the financialsector and the manufacturing sector but did almost nothing for the assets of the ... See all stories on this topic » Frontline

The Zacks Analyst Blog Highlights: Bank of America, Apple, H.J. Heinz, Sara ... PR Newswire (press release) Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocksand the financial markets. Stocks recently featured in the blog include: Bank of America (NYSE: BAC), Apple (Nasdaq: AAPL), HJ Heinz Company (NYSE: HNZ), ... See all stories on this topic »

Newspaper Briefing, including 'Banks warn tighter ICB rules will curb lending ... Proactive Investors UK Banks plug pensions holes with toxic assets from financial crisis: Britains banks are using toxic assets left over from the financial crisis to plug huge holes in their pension funds. HSBC and Lloyds have both injected assets they have found difficult ... See all stories on this topic »

Pre Market Briefing, including No signs of recession in Germany, says Schaeuble Proactive Investors UK Yesterday, the EUR lost 0.26% versus the USD, to close at $1.4356, as German Chancellor Angela Merkel maintained her stand to oppose issuing common euro-area bonds as a way to resolve the regions sovereign debt crisis. At 0334GMT today, the GBP rose ... See all stories on this topic »

Is Bank of America in trouble? National Post (registration) Confidence in US corporate and financial creditworthiness is deteriorating as debt traders speculate slowing economic growth and Europe's sovereign debt crisis will harm bank balance sheets. Bankof America credit swaps have more than doubled from 178 ... See all stories on this topic »

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