Business Day
The IMF, which has refused to lend money until Swaziland takes a hatchet to its large public wage bill, also urged the government to pay back money borrowed from the central bank, lest it jeopardise a one-to- one currency peg with the rand. ...
See all stories on this topic »'Draconian' UK bank reforms will push lenders into a crisis
Telegraph.co.uk
The political rancour at a time of growing uncertainty and stalling economic growth drew derision from finance professionals. "At a time when no one is taking risk, it is the government's job to give people confidence, so that banks lend money," said ...
See all stories on this topic »Postcard from Europe, Verging on Collapse
TheTyee.ca
Our collective expectation of an imagined future with fulfilling careers that delivered money we could use to realize the promised wonders of consumer goods has been dashed by the reality of financiallimitations and banking crises. ...
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| September 11: National Scar, Market Blip CNBC.com The Domino Economy Thanks largely to leverage, the last dozen years have been a timeline of boom and bust, of a financial services-dominated economy out of control and a central bank compounding the problem with cheap money and other instruments of ... See all stories on this topic » |  CNBC.com |
BusinessWeek
The fund, known as European Financial Stability Facility, would have to wait for a request from a debt-hit government before buying its bonds in the secondary market, its new statute shows. The extra step, along with German lawmakers' demand for ...
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| The Euro Rescue Fund Needs More Powers Spiegel Online That in turn is fueling distrust among the financial institutions themselves and many have stopped lending each other money. They are only being kept alive because the European Central Bank (ECB) is making an unlimited amount of money available to them ... See all stories on this topic » |  Spiegel Online |
AdvisorOne
The Fed's role in limiting 9/11's economic fallout should give pause to efforts to constrain or abolish the central bank. National security, as well as economic prosperity, requires that the financialindustry be well-prepared for future crises, ...
See all stories on this topic »BOE FOCUS-Case still too weak for QE leap of faith
Reuters
Even if lower rates reached consumers and firms, they may not want to spend the money. Consumer morale in August was significantly weaker than a year ago, and close to the record-low levels seen at the start of the financial crisis in 2008 . ...
See all stories on this topic »Mortgage spat needs rectifying
Poughkeepsie Journal
President Obama has admonished big banks and financial institutions for failing to react quick enough to the crisis, but no one has been prosecuted. And, while large financial institutions receive substantial bailouts themselves, they continue to ...
See all stories on this topic »Bonds Beat All Investments on S&P Downgrade
Bloomberg
The decline was led by companies most-tied to economic growth, including commodity, financialand industrial shares. The Stoxx Europe 600 Index tumbled 14 percent and the MSCI Asia Pacific Index sank 8.3 percent. The S&P 500 plunged 6.7 percent on Aug. ...
See all stories on this topic »Buffet Investment Could Erode Confidence in Wall St.
New York Times
Bank of America's questionable foreclosure practices continue to drag it down, and, in addition, it faces Securities and Exchange Commission investigations into the actions of its subsidiary, Merrill Lynch, in the lead-up to the financial crisis. ...
See all stories on this topic »Complacent Cameron must leave the sidelines
Financial Times
By Ed Miliband This summer has confirmed what many of us already feared: a global economicrecovery which appeared to be taking hold 12 months ago has now stalled. Three years after thefinancial crisis erupted, the world faces the triple challenge of ...
See all stories on this topic »Don't Ask Economists What Caused The Financial Crisis
Huffington Post
Because some of them don't have a clue or It wasn't a financial crisis as much as it was creditcrisis. That problem was solved within a few months. The recession occurred due to the Real Estate bubble and if there is poor economic activity now, ...
See all stories on this topic »Experts disagree on the effects of a financial transaction tax
Deutsche Welle
But banking expert Wolfgang Gerke disagrees. "A financial transaction tax will not preventfinancial crises because these crises occur when economic fundamentals are wrong." Bildunterschrift: Großansicht des Bildes mit der Bildunterschrift: Gerke says ...
See all stories on this topic »Economic folly deserves humiliation
European Voice
Last week (27 August) Christine Lagarde, formerly France's finance minister, now installed as managing director of the International Monetary Fund (IMF), the world's economic policeman, laid bare the mounting anxiety in officialdom. ...
See all stories on this topic »Gibraltar Private Bank & Trust Provides Tips for Parents to Shape Financial ...
WebWire (press release)
Coral Gables, FL - The ongoing financial crisis in the US has made most families, regardless ofeconomic status, take a close look at their finances and even the wealthiest families should be having realistic conversations about money with their ...
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| Banking reform: ringfencing is the only solution The Guardian The lobbyists are mangling two very different propositions: the structural reform of thebanking system, which is an economic and financial necessity, and the issue of how much capital the banks should be required to hold in the immediate future, ... See all stories on this topic » |  The Guardian |
| Govt mulls wealth fund Bangkok Post Mr Thirachai also assigned the central bank to study how to reduce the government's burden in servicing debts owed by the Financial Institutions Development Fund. The fund was set up to bail out failing lenders during the 1997 financial crisis. ... See all stories on this topic » |  Bangkok Post |
Mirror.co.uk
A report this year by the New Economics Foundation said banks made £60billion out of thefinancial crisis they helped create. They did it from handling the sale of Government debt and profiting from rights issues and other measures that companies use ...
See all stories on this topic »Perversity, harshness and the right SOB
Lebanon Daily News
Our governing elites, especially our deregulated financiers, were able to take so much money for themselves that their greed caused a financial crisis and a Depression. Before 1985, the financialsector never received more than 16 percent of corporate ...
See all stories on this topic »The End Of The Long Con
FN Arena News
The quotation is from Satyajit Das' just published 'Extreme Money - Masters of the Universe and the Cult of Risk' (FT Press). This investor's heart initially sank when offered the chance to review a copy - four years, and counting, of financial crisis ...
See all stories on this topic »How to rescue the housing market: Foreclosures!
CNN
Of course, not everyone agrees that pushing people through the foreclosure process is the best solution to the housing crisis. David Min, associate director for financial markets policy at the Center for American Progress, argues that there are many ...
See all stories on this topic »Poverty crisis in US gambling paradise
Financial Times
When they did, they didn't spend as much money. So 2008, 2009 were brutal, brutal years.” Thefinancial crash and the crisis in lending markets brought a swift end to the hotel construction boom, which left thousands seeking jobs. ...
See all stories on this topic »UK families face growing hardship
World Socialist Web Site
This is a reflection of the widespread job losses being enforced as part of the government's £100 billion austerity programme, involving unprecedented cuts in public spending in the wake of the 2007/08 bailout of the banks and financial institutions. ...
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| What happens when banks are required to hold more capital? Telegraph.co.uk (blog) The second is that responding to a financial crisis by increasing capital requirements should be expected to result in banks initially cutting back on lending even more than they might other do so. That is likely to damage wider economic growth, ... See all stories on this topic » |  Telegraph.co.uk (blog) |
| Dana Beach: SC's Transportation Debt Crisis FITSNews Instead, Senate President Pro Tem Glenn McConnell and House Speaker Bobby Harrell directed their Infrastructure Bank appointees to force the county to reverse the vote by threatening financial retaliation. These two projects, representing almost $3 ... See all stories on this topic » |  FITSNews |
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