 Reuters "They are absolutely committed and they have the financial capacity, the economiccapacity to do what it takes to hold this thing together," he said. As head of the New York Federal Reserve Bank at the height of the 2007-09 financial crisis, ... See all stories on this topic » |
RT
In 2008, Wall Street's bad bets and risky speculation led to the collapse of America's housing market and sparked a financial crisis around the globe. Today, banks have grown more powerful and profitable, while the threat of double-dip recession has ...
See all stories on this topic »Cash-flight at Europe's banks piles pressure on ECB
Business Day
EUROPEAN banks are leaking deposits as savers and money funds are spooked by the region's debt crisis, a trend that could worsen economic and financial conditions. Moody's yesterday cut the long- term debt rating of Credit Agricole and Société Générale ...
See all stories on this topic »Our banks: champions of prudence
Financial Post
The banks' prudent management is also evident when looking at their capital levels; the amount ofmoney they maintain on hand to cushion against potential financial shocks. Before the globalfinancial crisis, during the crisis and still today, banks in ...
See all stories on this topic »King of impoverished Swaziland complains IMF calls to cut budget will hurt ...
Washington Post
The IMF said consultations with Swaziland would continue. Swaziland is several months into afinancial crisis that forced it to stop paying to treat cancer patients and close its university for a time. Public school principals say they are unable to ...
See all stories on this topic »Getting 'Moody' over debt inaction
Bahamas Tribune
In its response, the Government gave its standard and now familiar recitation: "The recent globaleconomic and financial crisis profoundly impacted the Bahamian economy, and required extraordinary levels of spending on the part of the Government to ...
See all stories on this topic »Palestinian Authority Must Cut Spending as Aid Drops, IMF Says
San Francisco Chronicle
Prime Minister Salam Fayyad said in July that the Palestinian Authority had entered a financial crisis and couldn't pay full salaries to civil servants because banks wouldn't lend it more money and donor states hadn't fulfilled their pledges. ...
See all stories on this topic »Fiddling while Europe burns
European Voice
The search is on for an initiative to reduce the crisis-management burden on the ECB. One option being closely examined is to turn the official bail-out fund, the European Financial Stability Facility, into a bank. Officials who have looked at the ...
See all stories on this topic »Monetary Policy And The Future Of China
Seeking Alpha
The creditors will get their money back, but the purchasing power of it has decreased. This outcome must be compared to financial crisis, which would have been the result of not inflating theeconomy, so capital owners should accept it as the better ...
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| Pressure from abroad rises on euro crisis AFP The leading global bank lobby, the Institute of International Finance, criticized "parochialism and nationalism being exhibited" in Europe's economic policy debates, in a letter published Wednesday. The Washington-based group hit out at "the lack of ... See all stories on this topic » |  AFP |
NASDAQ
Many predicted that the Asian Financial Crisis would have a significant impact on the globaleconomy, but this never came to pass. From the perspective of valuation, the market's overreaction to potential risks in the financial sector has created an ...
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| 'Incredible Opportunities' for Investors Right Now: Whitney CNBC.com There is inflation everywhere you look without wage inflation...That does not sit well with consumers, which power the economy." The battering of confidence has hit financialassets, particularly banks, in a meaningful way. Yet Whitney believes some of ... See all stories on this topic » |  CNBC.com |
| Financial crisis looms, warns ISIS chief Free Malaysia Today Hence, we will not see an economic crisis but a financial one.” Mahani also predicted that the disproportion between the financial economy and real economywould worsen and that more money would be circling the world because it is easier to print money ... See all stories on this topic » |  Free Malaysia Today |
NPR
As gloom mounts over Europe's debt crisis, some are looking to China to play a leading role in stabilizing the shaky world economy. But China made clear its reluctance to take on the role of the global economic savior as it hosted the World Economic ...
See all stories on this topic »Bank 'Living Wills,' Adviser Rule, EU Bank Jobs: Compliance
BusinessWeek
Tsukuba Bank Ltd. and Sendai Bank Ltd., Japanese lenders based in areas stricken by the March earthquake and tsunami, will receive a combined 65 billion yen ($845 million) of taxpayers' money, the Financial Services Agency said. ...
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| FT roundtable on the Vickers report Financial Times BW I think those are valid points, and as Michael said, I certainly don't think we should be relaxing the amount of oversight of the non-ringfenced banking system in the UK. The question is: the things that were responses to the financial crisis that ... See all stories on this topic » |  Financial Times |
| Consumers Brace Themselves As Belarus Floats Ruble RadioFreeEurope/RadioLiberty Commenting on different exchange rates that sprung up in various commercial banks, financial analyst Valery Palkhouski told RFE/RL's Belarus Service that the banks "are just uncertain and not in any hurry to make decisions. The situation is marked by ... See all stories on this topic » |  RadioFreeEurope/RadioLiberty |
BusinessWeek
15 (Bloomberg) -- Kenya's central bank raised its benchmark interest rate in a special meeting yesterday, in a bid to restore credibility after it said earlier actions had led to volatility in financialmarkets. The central bank rate was lifted to 7 ...
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| Some Banks Hang On to Bailout Billions New York Times Nearly 500 banks, ranging from beleaguered regional powerhouses to obscure community banks, owe roughly 8 percent of the $245 billion doled out at the peak of the financial crisis, according to Treasury Department data released this week. ... See all stories on this topic » |  New York Times |
Pravda
The current risks are first and foremost connected with the ongoing crisis in the European Union. Russia already prepares to lend money to its primary offshore - Cyprus. Russia's Finance Minister Aleksei Kudrin said at a press conference in St. ...
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| Americans wade in on Euro crisis BBC News This is not a question of financial or economic capacity," Mr Geithner said. "Even if you take a very conservative, pessimistic estimate of the ultimate cost of resolving thiscrisis for Europe, it is completely within the capacity of the stronger ... See all stories on this topic » |  BBC News |
| Thursday Newspaper Review - Irish Business News and International Stories ... FinFacts Ireland Europe's leaders are now confronted with the danger that the two-year long sovereign debt saga may trigger a new international banking crisis. Finance minsters travelling to a meeting in Poland tomorrow morning have been warned by the Economic and ... See all stories on this topic » |  FinFacts Ireland |
CBS News
Our elected officials in Washington did not cause that but have done little to change it, recognizing there are somewhat limited options in a global economy. I would prefer that CBS interview individuals who truly understand our financial crises both ...
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| Five guides to market anxiety in troubled times Globe and Mail However, the spread is still well below its mid-2010 high of 46.71, let alone the extremes of the 2008 financial crisis, when it topped 450 basis points amid a virtual freeze-up of interbank lending. In fact, the TED spread was north of 75 basis points ... See all stories on this topic » |  Globe and Mail |
| Is Financial Regulation Killing or Creating Jobs? The Atlantic After loose monetary policy had combined with insane housing policy to create afinancial crisis, the Democrats who ran Washington in 2009 and 2010 enacted myriad new rules that had nothing to do with easy money or housing. In fact, Bank of America is ... See all stories on this topic » |  The Atlantic |
| Could Greece be Europe's Lehman? BBC News By Laurence Knight Business reporter, BBC News Three years ago today, US Treasury Secretary Hank Paulson made a momentous decision - to let the investment bankLehman Brothers fail. The US government had helped to rescue a string of financial ... See all stories on this topic » |  BBC News |
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