 Voice of America Worries that Greece might default on its loan payments have driven much of the recent turbulence infinancial markets. But coordinated action Friday by European central banks to keep money flowing into the banking sector helped ease some of those ... See all stories on this topic » | ||
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| Pakistan says goodbye to IMF for the time being The News International However, in a background informal briefing, another top official of Gilani's government told reporterseconomic wizards felt Pakistan's current account deficit (CAD) would remain in the range of 1 to 2 percent of the GDP during the current financial ... See all stories on this topic » | ||
| Noonan and NTMA chiefs to brief IMF in the US next week Irish Independent By Siobhan Creaton Finance Minister Michael Noonan and senior officials from the National Treasury Management Agency (NTMA) will travel to Washington next week to meet the IMF, the ratings agencies and international investors as they continue their ... See all stories on this topic » | ||
| In Europe, echoes of Lehman, with much bigger consequences Fortune (blog) The expansion of the European Financial Stability Facility (EFSF) is a good start, but more moneywill be needed to ensure investors that it's all clear to park their cash with European banks again. The alarm bells were sounded on trading floors in ... See all stories on this topic » | ||
| Gloom pervades financial meeting in China The National DALIAN, CHINA // There was a sense of despair at the World Economic Forum this week. Obligations accumulated during a decade of prosperity have created a sovereign-debt and banking crisis that is threatening the US and European economies, ... See all stories on this topic » | ||
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| World braces for second wave of the crisis RIA Novosti On the night of September 14, 2008, the US bank Lehman Brothers filed for bankruptcy. Its debts had reached $613 billion. This event is considered the start of the 2008 financial and economic crisis, which economists believe is still far from over. ... See all stories on this topic » | ||
| Law firm flourishes taking on big banks in mortgage bust Washington Post In the wake of the crisis, that work increasingly has included suits involving mortgage securities. “When the subprime crisis hit and the economy began to freeze up, we had a couple lawyers dedicate themselves to studying the structured finance ... See all stories on this topic » | ||
| Geithner's European Junket CounterPunch “While tensions in sovereign debt markets have intensified and bank funding risks have increased over the summer, contagion has spread across markets and countries and the crisis has become systemic,” the influential Economic and Financial Committee ... See all stories on this topic » | ||
| European banks: Not out of the woods yet Fortune (blog) The big concern is that the European banks could be dragged down by the turmoil in globalfinancial markets as European Union officials struggle to come up with a solution to the eurozone's long-running debt crisis. Still, investors welcomed the ... See all stories on this topic » | ||
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| Roundup: Finance chiefs meet in Poland CNN (blog) Investors and financial markets are growing convinced that Greece will default on its debt, heightening fears of a eurozone banking crisis that would rattle an already fragile global economy, explains this CFR Analysis Brief. ... See all stories on this topic » | ||
| MONEY WEEK AHEAD: Money Markets Face Adverse Effects If Fed Cuts IOER Wall Street Journal "It should help promote lending, however, have an adverse effect within the money-market arena." US businesses and consumers' appetite to borrow still hasn't fully recovered since the 2008 financial crisis. That's left banks flush with cash, ... See all stories on this topic » | ||
| Muddling through the mire still only show in town for EU Irish Times The Greek bailout is teetering, default risk is rising, inter-bank money markets are drying up and French lenders are under siege. In Rome, meanwhile, a political melodrama with X-rated undertones plays out in the grim shade of an alarming spike in ... See all stories on this topic » | ||
| FOREX WEEK AHEAD: Greece Is Front And Center For Markets Wall Street Journal Investors will watch warily for any signs that liquidity, especially in the short-term markets, is drying up as fears about Greece swell, recreating conditions from the financial crisis of 2008. See all stories on this topic » | ||
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| Wonkbook: Boehner's revisionist economic history Washington Post (blog) By tapping the Fed for dollars, the other central banks are taking advantage of long-standing arrangements, first put in place four years ago at the outset of the global financial crisis to preventbank lending from freezing up. ... See all stories on this topic » | ||
| Banks Who Received Bailout Funding Made Riskier Loans And Investments: Study Huffington Post After receiving hundreds of billions of dollars in bailouts in the wake of the 2008 financial crisis,banks often did not come to the aid of credit-starved American businesses. Instead, it seems manybanks went back to making the same high-risk bets ... See all stories on this topic » | ||
| Why Big Companies Are Axing Jobs U.S. News & World Report (blog) The bank bailouts of 2008 and the Federal Reserve "stress tests" of 2009 were intended to stabilize a banking sector on the verge of implosion, but nobody thought they would vaporize a vast amount of losses overnight. Recovering from a financial crisis ... See all stories on this topic » | ||
| South Korea's Policy For Market Volatility: Talking Wall Street Journal (blog) Another alarm bell came on Thursday as the Korean won sank to a six-month low, prompting theFinance Ministry to make a rare “verbal intervention” to warn that the authorities are monitoring currency swings. The Bank of Korea was later suspected of ... See all stories on this topic » | ||
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| Growing mistrust among European banks Washington Post On Tuesday, Moody's Investors Service downgraded Société Générale and Crédit Agricole, two of France's biggest banks, and kept a third giant, BNP Paribas, under review. What has been scary about this latest chapter of the European financial crisis is ... See all stories on this topic » | ||
| INTERVIEW: Sweden FSA Says Country's Banks In Strong Position Wall Street Journal ... debt crisis continues to trouble markets, Sweden is in a relatively fortunate position because itsbanks are well capitalized and have good levels of liquidity, the chief economist of the Nordic state'sFinancial Supervisory Authority said Friday. ... See all stories on this topic » | ||
| Fund managers: Bleak outlook in European crisis CNBC.com Such a freeze also could affect US investors in prime money funds, which hold more than $500 billion of the nearly $2.6 trillion in money funds. A commercial paper freeze helped trigger the 2008financial crisis in the US, and any further trouble in ... See all stories on this topic » |
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