Bloomberg
Also at that summit, euro leaders agreed to give the main rescue fund, the 440 billion-euro EuropeanFinancial Stability Facility, the power to offer precautionary credit lines, recapitalize banks and buy bonds in the secondary market. ...
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| Still 'too big to fail'? MSN Money The likely suit would allege that the banks in question misrepresented the content of the mortgage pools when they packaged them and sold them to Fannie Mae and Freddie Mac. Testimony in front of the Financial Crisis Inquiry Commission showed that a ... See all stories on this topic » |
| RUTH SUNDERLAND: Autumn¿s harvest of fear over world economy This is Money Our manufacturing figures were poor and snarling bank lobbyists are intent on hobbling reforms that could reduce the chances of a repeat meltdown of the financial system, of which more below. At least we still have our triple-A credit rating, ... See all stories on this topic » |  This is Money |
Detroit Free Press
Caterpillar and FedEx retreated more than 3.5%, pacing losses among companies most-tied toeconomic growth. Financial stocks in the S&P 500 slumped 4%, the most within 10 industries.Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs Group ...
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| Repeated patterns should warn that trouble is coming Sydney Morning Herald The book focuses on two particular forms of financial crises: sovereign debt crisesand banking crises. The present global crisis began with failing banks and has now proceeded to the threat of sovereign debt default. Had economists been researching ... See all stories on this topic » |  Sydney Morning Herald |
Seeking Alpha
The agency's goal is to retrieve money that was lost from loans that went bad during the financial crisis. The agency will be seeking a figure estimated at $30 billion from more than a dozen financialinstitutions which allegedly did not verify ...
See all stories on this topic »Putting finance to work
Malaysia Star
It is a pivotal amplifier of the underlying weaknesses in the real sector that led to the financial crisisover-consumption, over-leverage and bad governance. In the past 30 years, the finance sector has helped print money, encouraging its customers ...
See all stories on this topic »Hopes for UK bank share sales recede
Financial Times
The sale of the bank stakes will be treated as a financial transaction, with proceeds being used to reduce the national debt. However Labour has always suspected Mr Osborne would use some of themoney for pre-election handouts. ...
See all stories on this topic »US Puts Up A Goose Egg In August, No Jobs Added
Forbes
So when the financial xxxx hit the fans, the government was “persuaded” to “not pull the plug” on all those who had loaned money to bad causes. In the “real world” when a person or firm makes a bad loan, they bear the consequences. But when banks and ...
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| Global markets weekahead: Investors seek certainty Reuters But both the upcoming judgment and what the IMF did are the kinds of things that build uncertainty, which financial markets abhor. Focus, in the meantime, has been shifting toward Italy, which is struggling to come up with its promised austerity ... See all stories on this topic » |  Reuters |
| Icesave liquidators find money to compensate UK savers Telegraph.co.uk ... according to the latest report from the bank's resolution committee. By Rowena Mason More than 200000 British savers were bailed out by the UK Treasury after Reykjavik-based Icesave collapsed in 2008 as the financial crisis gathered pace. ... See all stories on this topic » |  Telegraph.co.uk |
Times of Swaziland
However, rumours are circulating to the effect that he had actually gone to the Arab country to seek a bailout for budget support as the country battles with an unprecedented financial crisis. The rumours have also found their way to the Internet. ...
See all stories on this topic »Even Goldman Sachs Now Expects A Tremendous Financial Collapse
Seeking Alpha
It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering. In the report, Brazil says ...
See all stories on this topic »The great US bank robbery: US paid $2.2 trillion to bankers in past five years
Economic Times
It feels iniquitous that bankers, having helped cause today's financial and economic troubles, are the only class that is not suffering from them - and in many cases are actually benefiting. Mainstream megabanks are puzzling in many respects. ...
See all stories on this topic »Money Mistakes That Can Be Avoided in the Midst of Current Economic Crisis
TMC Net
In a release, Farnoosh Torabi, personal finance expert and newly-named financial editor for Manilla.com said that "Most Americans are struggling to stretch the few dollars they have in hand, while at the same time they are letting billions of dollars ...
See all stories on this topic »The quick interview: State Bank of India chief Rajnish Kumar
This is Money
JT – Security of savings has become a big issue since the banking crisis. Can savers be assured their cash is safe with SBI? RK – Yes, of course. We are regulated by the Financial Services Authority and deposit savers have protection up to £85000 per ...
See all stories on this topic »Experts downbeat on global economy
San Jose Mercury News
The gathering opened amid growing concerns over a slowdown in manufacturing—the main pillar of growth in developed economies in the years since the global financial crisis—and about Europeanbanks' exposure to sovereign debt. ...
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| Crunch time: how to deal with grim economic news The Guardian Even the data-hungry behavioural economist Dan Ariely confessed, earlier in the currentfinancial crisis, that he had deliberately locked himself out of the website he used to access his retirement account by entering the password wrongly three times, ... See all stories on this topic » |  The Guardian |
Washington Post
“One of the lessons from the last year and a half or two years of the financial crisis and the debtcrisis is, I think, (the need for) reliability, that governments' announcements correspond to their actions,” German Chancellor Angela Merkel's ...
See all stories on this topic »Inside the bank that broke Ireland
Irish Times
The directors agreed that they needed to push the Financial Regulator to protect the bank from what they believed were speculators making big money betting against it. Later that afternoon Drumm called Hurley and pleaded with him to release a statement ...
See all stories on this topic »Lamphier: September traditionally a bad month for markets
Edmonton Journal
In each of the last nine decades, September never ranked higher than ninth, and it ranked dead last five times, notes MarketWatch columnist Mark Hulbert, publisher of the Hulbert Financial Digest. Which brings us to Friday's 253-point plunge by the Dow ...
See all stories on this topic »Dealers see chance of Fed's Operation Twist: Reuters poll
Reuters
Economists at primary dealers -- the 20 large financial institutions that do business directly with the Fed -- are also upping the chances the Fed will fire up a QE3 program to expand its balance sheet by buying longer-dated Treasuries on the open ...
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| Jose Manuel Barroso: Implementation is key Cause and Effect in European Politics and Economy Currently, Barroso added, the Commission together with the ECB and the IMF was reviewing the implementation of the current programme for financial assistance. Barroso recalled that it was of utmost importance Greece to implement the agreed reforms so ... See all stories on this topic » |  Cause and Effect in European Politics and Economy |
FXstreet.com
Make significant savings on your international money transfers using FXstreet.com's Global Transfers. This presentation may contain certain forward-looking statements about the 2009Economic and Financial Outlook. Such statements are subject to risk ...
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| Darling: Blair said Brown was like dental treatment without anaesthetic The Guardian Darling, who was chancellor of the exchequer under Brown as the financial crisisstruck Britain, paints a picture of top officials and his senior colleagues as out of touch and aloof, with the upper echelons of government so dysfunctional one top ... See all stories on this topic » |  The Guardian |
| A Green Bank Is the Right Tool for Jobs Center For American Progress We also need to reverse the current jobs crisis in a time of tight federal budgets andfinancial austerity. The solution is a Green Bank, which is the right tool to unlock private capital investment to renew America's energy infrastructure and create ... See all stories on this topic » |  Center For American Progress |
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