 Telegraph.co.uk However, he said it will take several weeks to find out how many banks and otherfinancial firms are willing to give Greece easier lending terms. Greece has said that private creditors have to commit to roll over or swap at least 90pc of their Greek ... See all stories on this topic » |  Telegraph.co.uk |
Bloomberg
The economist said another financial crisis “is already manifesting itself” in developed economies. Roubini said if he had large amounts of money to invest, he would “mostly keep it in cash,” especially in dollars, as the US currency tends to ...
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| Talk of slowdown causes recession in market confidence USA Today Federal Reserve data show that there is an additional $7.3 trillion parked in savings accounts, certificates of deposit and money market funds, up roughly $1 trillion from July 2008, just months before the financial crisis intensified with the fall of ... See all stories on this topic » |  USA Today |
| The solvency solution for Europe: time to do the unthinkable Reuters Blogs (blog) This undermined the ongoing bank recapitalization process as well as the rollover of sovereign debts. In a world of multiple equilibria, confidence and psychology are king. Two, growth. Since July, we have experienced a precipitous slowdown in economic ... See all stories on this topic » |  Reuters Blogs (blog) |
| The bungled politics of bank bashing Salon The gulf separating white wealth from that of other groups is twice as wide as it was in the two decades prior to the financial crisis. "The bursting of the housing market bubble in 2006 and the recession that followed from late 2007 to mid-2009 took a ... See all stories on this topic » |  Salon |
| Designing a Transfer Union to Save the Euro Spiegel Online Instead of seeking a way out of their economic crisis, some poverty-stricken regions might prefer to become permanent subsidy recipients. If we take a close look at thefinancial systems of industrialized nations, the conclusion is simple: The question ... See all stories on this topic » |  Spiegel Online |
| European share crisis: the perils of financial turbulence are growing The Guardian (blog) However, Blackrock says buyers reappeared swifty, suggesting that "downside is limited". Warren Buffett has bought $5bn of Bank of America. Should I buy bankshares, too? Buffet can structure huge deals at times of acute financial stress. ... See all stories on this topic » |  The Guardian (blog) |
Wall Street Journal
Before the financial crisis, banks created financial instruments that allowed investors to bet on or against the US housing market. When the housing market collapsed, state and federal regulators began to focus on whether banks were conflicted in their ...
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| Is the world doomed to suffer another Depression? Telegraph.co.uk The West is staring into an economic abyss deepened by political paralysis in the US and EU – but Britain must stick to its financial Plan A. Is there any good news? Stock markets are plunging and the banking crisis is back in full swing Photo: GETTY ... See all stories on this topic » |  Telegraph.co.uk |
Bloomberg
Citigroup Inc. and Goldman Sachs Group Inc. see the Bank of England restarting bond purchases as early as this week. “The financial and economic crisis has tested the innovative powers of centralbanks,” said MacKinnon, a former UK Treasury official. ...
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| George Osborne to stick to austerity plans despite double-dip fears The Guardian Recoveries from financial crises were slower and choppier than recoveries from other types of recession, Osborne said, adding: "While we have all had to revise down our short-term expectations over recent weeks, the only people who should be ... See all stories on this topic » |  The Guardian |
Financial Times
By Chris Giles An inflation-targeting central bank needs to be flexible. When the wind changes decisively, so should policy. And rarely has a financial and economic storm hit as rapidly as this summer. Where there was a fine balance between a rather ...
See all stories on this topic »'I Lost My Job! As Hard As I Try, Why Can't I Find a Job?'
Huffington Post
This crisis was caused by financial collapse, rooted in massive banking fraud. The financialsystem is our economic motor and when it fails it cannot be revived simply by pouring money on it, any more than a wrecked reactor can be restarted just by ...
See all stories on this topic »Europe's debt crisis grabs investor attention
CNN
While equities are slumping across the board, financial stocks continue to lead the downslide.Banks are highly correlated to the stage of an economic cycle, and their stocks tend to perform poorly during periods of slow to negative growth. ...
See all stories on this topic »European debt problems threaten continent's unity
Chicago Tribune
Even without a bank collapse, Weinberg said, he is concerned about the inability to borrow moneyas banks become increasingly uneasy about the financial system. "Monetary conditions are tight in Euroland. Even though interest rates are low, ...
See all stories on this topic »Nations acting alone cannot fix the economy
CNN (blog)
The G-20 was also adamant in 2009 that future stability required a new global financial regime. David Miles of the Bank of England predicts three more financial crises in the coming two decades. And, if the Bank of England's Andrew Haldane is right ...
See all stories on this topic »More state banks repay TARP funds
Milwaukee Journal Sentinel
Bob Atwell, Nicolet's chief executive, said that while the perception of TARP quickly morphed into a negative one after it was introduced during the financial crisis in 2008, Nicolet used the money for its original mission - to keep lending during ...
See all stories on this topic »Obama's pick to head consumer agency steps under the spotlight
The Hill (blog)
Cordray backers argue that after the financial crisis, a bureau devoted to consumers is needed now more than ever. And given that Republicans largely opposed the CFPB when it was considered under Dodd-Frank, they are skeptical about efforts to reform ...
See all stories on this topic »Bad governance leading to food inflation
PakistanToday.com.pk
It is definitely an alarming situation to come across financial figures about India's profitability in different industrial sectors against those in Pakistan. The recent provisional date published by StateBank of Pakistan told us that the country's ...
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| Quantitative easing issues / Central bank officials in leading economies ... The Daily Yomiuri However, money loaned by private banks in Japan declined from 472 trillion yen at the end of March 1999 to 419 trillion yen as of the end of July this year. Factors contributing to this include banks with weakened financial strength less willing to ... See all stories on this topic » |  The Daily Yomiuri |
Winnipeg Free Press
Porter says if the worst does occur in the form of a second financial crisis and deep recession, theBank of Canada would have little choice but to fully reverse course. That scenario is a possibility, not a probability, he adds. Financial markets are ...
See all stories on this topic »Many Banks Will Not Survive if Forced to Value Sovereign Debt at Market Prices
The Market Oracle
Ackerman believes that the turmoil facing the financial sector is reminiscent of the crisis suffered in 2008 after the collapse of Lehman Brothers, but also believes that European banks are now much better capitalized and less dependent on short-term ...
See all stories on this topic »Fed Action Now
Harvard Crimson
Finally, the Federal Reserve must stop paying interest on bank reserves. This measure was taken during the financial crisis to encourage banks to build reserves, and the policy, which pays banksto keep cash in reserve, is surely a significant ...
See all stories on this topic »Making Way for the Era of Sovereign Default
Business Insider
Why not let overly indebted entities fail; let capitalism do its dirty work, so that the next generation of capitalists can step in and finance the next generation of successful enterprise. The longer — and more strenuously — the central banks and ...
See all stories on this topic »Routinized economic crisis
Korea Times
The recurring US economic crisis is bad news for the rest of the world, especially for Korea with industries heavily dependent on exports and financial markets swayed by foreign capital. A more ominous threat for the Korean economy comes from Europe, ...
See all stories on this topic »Yields Drop as Europe to Damp Slowest Growth in 20 Years: Australia Credit
Bloomberg
Deutsche Bank AG Chief Executive Officer Josef Ackermann said on Sept. 5 that conditions in the stock and bond markets are reminiscent of the financial crisis of late 2008. “The 'new normal' is characterized by volatility and uncertainty -- not only in ...
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