Global woes to be raised at IMF-World Bank meet BusinessWorld Online They need to have a plan rather than just do palliative measures like quantitative easing.” The IMF-WB Annual Meetings, to be held on Sept. 23-25 in Washington, DC, will bring together finance andbanking leaders from all over the world as markets fear ... See all stories on this topic » | ||
Deposit Flight From European Banks Means Collateral Risk Piling Up at ECB Bloomberg Wood speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg) Europeanbanks are losing deposits as savers and money funds spooked by the region's debt crisis search for havens, a trend that could worsen economic and financial ... See all stories on this topic » | ||
The Role of the US Federal Reserve Council on Foreign Relations The law made the Fed responsible for ensuring banks' soundness by enforcing regulations such as minimum capital requirements, banking consumer protections, anti-trust laws, and prevention ofmoney laundering. The recent global financial crisis was ... See all stories on this topic » | ||
Few Bankers Go to Prison in Financial Crisis Housing Predictor Lee B. Farkas, 58, is one of the few other major bank executives to go to prison in the financial crisis. The former owner of one of the largest privately held US mortgage lending companies and Colonial Bank, Farkas was sentenced to 30 years in federal ... See all stories on this topic » | ||
The Crisis Rolls On, Full Steam Ahead Seeking Alpha The Greek government and its so-called troika of creditors – the IMF, European Union and European Central Bank–are scheduled to meet again this week to discuss the payout of the next EUR 8 billion tranche amid worries in financial markets that Greek ... See all stories on this topic » | ||
The Globe and Mail Globe and Mail Brazil, Russia, India, China and South Africa, which make up the so-called BRICS group, will meet in Washington next week to discuss how to help the European Union avert a full-blown financial crisisas Greece veers toward default on its debt, ... See all stories on this topic » | ||
ADB sees Asia growing well in 2012, warns on inflation, flows Reuters Changyong Rhee, the ADB's chief economist, said while the forecasts did not assume a "doomsday" scenario of a Greek default, such a development could trigger something akin to the 2008/09financial crisis, with the world's ability to rebound much ... See all stories on this topic » | ||
IMF deals blow to prospect of Belarus aid Financial Times The IMF said the state's growing economic crisis is dramatically slowing growth, which is expected to be just 1.5 per cent next year, down from an annual 11 per cent in the first half of this year. “Directors stressed that financial support from the ... See all stories on this topic » | ||
Urgent call to boost scale of money supply Herald Scotland Touching on past mistakes by policymakers, Mr Posen said: “Throughout modern economic history, whether in Western Europe in the 1920s, in the US and elsewhere in the 1930s, or in Japan in the 1990s, every major financial crisis-driven downturn has been ... See all stories on this topic » | ||
Schwarzman's Olive Branch Huffington Post (blog) Schwarzman's view of the political and economic crisis? "This problem began when the administration sought to attribute blame for the financial and economic crisis and alienated large segments of the business and banking community. ... See all stories on this topic » | ||
Qatar National Bank's Bond Offering Seeks Longer-Term Money: Arab Credit Bloomberg The bank's loan book expanded 28 percent from a year ago to 150.5 billion riyals. Qatar's sovereign bonds were the best performers in the Middle East in August as investors sought refuge from a slowing US economy and a worsening debt crisis in Europe. ... See all stories on this topic » | ||
Stocks Rise as French Banks Rebound Bloomberg Treasuries extended their losses as the government sold $21 billion in 10-year notes at a record low yield and concern eased that Europe's debt crisis may cripple the region's financial institutions. The notes drew a yield of 2 percent, ... See all stories on this topic » | ||
Swiss 1970s Inflation Specter Seen in Central Bank's Unlimited Franc Sales Bloomberg Alexandre Ziegler, an assistant professor of finance at the University of Zurich, said inflation will breach the SNB's 2 percent limit within the next three years even if the economy fails to grow. Consumer prices rose 0.2 percent in August from a year ... See all stories on this topic » | ||
African Markets - Factors to watch on Sept 14 Reuters EVENTS: KENYA - Kenya's Monetary Policy Committee holds special meeting on situation infinancial markets. The central bank has a chance to restore stability to the country's money and foreign exchange markets and win back market confidence, ... See all stories on this topic » | ||
Elizabeth Warren vs. the banks Washington Post (blog) “The stunning lack of accountability for the greed and misdeeds that brought America to its gravestfinancial crisis since the Great Depression.” In this telling, the economy might be the central problem for Democrats, but it didn't strictly have to be ... See all stories on this topic » | ||
HOW TO PLAY IT - Investing in cost-cutting banks Reuters The question is: Is it time to jump into banking stocks and bonds? If so, how? By Jennifer Ablan and Dan Wilchins NEW YORK, Sept 13 (Reuters) - Three years after the financial crisis slammed the global financial system, banks are still trying to put ... See all stories on this topic » | ||
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Bearish Financial Options Trade Is More Crowded Than In '08 Wall Street Journal By Brendan Conway Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Options-market investors have ramped up conditional bearish bets on financial stocks in recent weeks to an even greater degree than they did during the financial crisis three years ago, ... See all stories on this topic » | ||
Wen Says World Must Get 'Houses in Order,' Not Rely on China BusinessWeek It will be the first time Geithner has attended a session of Europe's Economic and Financial Affairs Council, or Ecofin. The European crisis was “very, very damaging in the American economy last summer,” Geithner told Bloomberg Television on Sept. 9. ... See all stories on this topic » | ||
Future of banking: Fragile giants key to western hopes Financial Times The financial crisis that gripped much of the globe three years ago has morphed into a sovereign debt crisis with a second round of knock-on effects for the banks of Europe and the US. In the mean time, the performance of their peers in the high-growth ... See all stories on this topic » | ||
Bank Failure? FDIC Wants To Make Sure Banks Have A Contingency Plan Forbes A living will provides the agency with detail about a bank's' structure, operations, business practices,financial responsibilities and risk exposures. The financial crisis caught many regulators off-guard and unprepared for what would be years of ... See all stories on this topic » | ||
Is Bank of America a Zombie? TIME (blog) But most analyst expect the bank to make money in the near future and more of it. In fact, Meredith Whitney, the bank analyst who called the financial crisis, of all people says Bank of America has perhaps the best opportunity of all the banks to ... See all stories on this topic » | ||
Treasury Department auctions $21B of 10-year notes at record low yield as ... Washington Post But it would threaten big banks in Greece, France and Germany that lent billions to the Greek government. Bonds held by those banks would lose much of their value. The result could be afinancial crisis like the one that seized the US after Lehman ... See all stories on this topic » | ||
China's role in world monetary system positive People's Daily Online I. The crux of the current global imbalance Many people think the recent financial crisis basically resulted from the global economic imbalance. But what does that imbalance mean? Does it refer to the trade surplus and deficit? ... See all stories on this topic » | ||
Dealing Effectively with Interrelated Issues of Global Imbalances, Financial ... Press Information Bureau (press release) Finance Minister said that the G 20 demonstrated its relevance to international policy making with the success of its coordinated response on the fall-out of the global financial crisis. He said that theeconomic downturn was moderated and growth ... See all stories on this topic » | ||
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Geithner to urge bigger EFSF - sources Reuters India The ministers will also discuss ways to sustain growth as the euro zone sovereign debt crisis and high oil prices sap global economic progress. The first official said that at the latest G7 meeting offinance ministers in Marseille, Geithner put ... See all stories on this topic » | ||
Hungary Opens New Front For Battered European Banks Wall Street Journal Thousands of Hungarians who took out low-rate mortgages in Swiss francs before the 2008 financial crisis are in increasingly desperate straits, as the franc's appreciation has sharply increased repayment costs. Details of the proposals aren't yet fully ... See all stories on this topic » | ||
US Stocks Rise, Erasing Earlier Loss, as European Banks Rally BusinessWeek “We have plenty of buffers of liquidity and we are adjusting to the reduction in the money- market fund exposure.” Stocks briefly trimmed gains after a report that German Finance Minister Wolfgang Schaeuble said Greece should not get any additional aid ... See all stories on this topic » | ||
JP Morgan's Investment Banking Revenues To Take A 3Q Hit Wall Street Journal "That was one of the critical components that allowed this institution to make money every quarter during the crisis." Staley also said the European Union has the size and economic ability to deal with its sovereign debt challenges, but faces difficult ... See all stories on this topic » | ||
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Greek euro/debt crisis could cause banks to stop lending again AMERICAblog (blog) So financial crises in Europe could translate into financial problems in the United States, just like the financial problems in the United States, an economic downturn in the United States, was exported to Europe a few years ago. ... See all stories on this topic » | ||
Afternoon Roundup: Today's Top Stories DailyFinance More recently, Buffett announced his plan to invest $5 billion in Bank of America (NYS: BAC) . Read more at The Wall Street Journal. So there you have it -- the top financial stories for this afternoon. If you're interested in getting all of our news ... See all stories on this topic » |
Strong Credit Growth, Asset Price Hikes Can Signal Financial Risks Rapid credit growth, increased asset prices, greater reliance on banks' foreign ... IMFSurvey Magazine: In the News ... Understanding how financial crises effect a country's economy can help... of money in financial markets, the connections between financial institutions, private sector debt, and international capital flows. ... www.imf.org/external/pubs/ft/survey/so/.../NEW091311A.htm |
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