 Reuters Fears of another credit crunch or recession due to Europe's inability to overcome the debt crisis are expected to dominate the IMF/World Bank and Group of 20 meetings of finance chiefs that formally begin on Thursday in Washington. ... See all stories on this topic » | ||
| IMF: Financial risks rising in US and Europe The Associated Press Hard-pressed governments are reluctant to put up the money themselves, after pouring billions of taxpayer euros into bank rescues during the earlier years of the crisis. On Tuesday, the IMF sharply cut its growth forecasts for the global economy, ... See all stories on this topic » | ||
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| ESRB Says Risks to EU Financial System Increased 'Considerably' on Crisis Bloomberg Lloyd's of London has stopped depositing money with some banks in Europe's peripheral economies, Luke Savage, finance director of the world's oldest insurance market, said yesterday. The ESRB, which is hosted by the European Central Bank in Frankfurt, ... See all stories on this topic » | ||
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| Finance Minister's Address “India's Continuing Growth Story” at the India ... Press Information Bureau (press release) No country has been immune to the contagion from the fallout of global financial crisis in 2008. Though the economic downturn was moderated and growth resumed in the second half of 2009 in most economies, the pace of recovery remained uneven. ... See all stories on this topic » | ||
| Bank Of Nova Scotia CEO Urges Europe To Deal With Debt Crisis Now Wall Street Journal Lots of money will come in but people have to feel that they can pay it back. It's got to be safe, and it's got to be paid back," he said. Waugh, also a vice-chairman of the Institute of InternationalFinance, will attend the IMF meetings in Washington ... See all stories on this topic » | ||
| Time for Osborne to address our grim new reality Financial Times And the financial crisis itself has also weakened the capacity of the economy to grow, as Spencer Dale, Bank of England chief economist noted on Wednesday. Weak banks prevent small companies from financing new investment and innovation. ... See all stories on this topic » | ||
| Americans depositing more money in accounts The State The collapse of home prices and the ensuing financial crisis caused nearly 400 banks to fail, more than at any time since the savings and loan meltdown in the 1980s. The latest flood of deposits has occurred in spite of banks paying the lowest interest ... See all stories on this topic » | ||
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| S&P downgrades 7 Italian banks Forbes ... ratings on financial institutions and their related sovereign in the European Economic & Monetary Union." It said it was "lowering our long-term ratings on seven Italian banks and assigning negative outlooks to the long-term ratings on these banks. ... See all stories on this topic » | ||
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| Bank of England set to pump more money into economy Reuters Since the September meeting, a string of bad news from the economy, the euro zone debt crisisand rising tensions in financial markets have stoked recession fears in Britain. Business Secretary Vince Cable, a member of the Liberal Democrat junior ... See all stories on this topic » | ||
| Italy downgraded; IMF says Europe behind the curve Pakistan Times Italy's downgrade overshadowed glimmers of progress in Greece's negotiations with international lenders to avoid running out of money within weeks, and news that Brazil was willing to pump in $10 billion through the IMF to aid Europe. A Greek Finance ... See all stories on this topic » | ||
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| China Faces 'Hot-Money' Surge on Financial Market Turmoil BusinessWeek Financial institutions' yuan positions, accumulated from purchases of foreign exchange by the central bank, had a net gain of 376.94 billion yuan ($59 billion) in August, 72 percent more than in July and the biggest increase in five months, ... See all stories on this topic » | ||
| European Debt Crisis: Are You In or Out? Motley Fool On Monday, Martin Wolf, the chief economics commentator at The Financial Times, suggested that a breakup of the eurozone now looks possible. Even if the eurozone remains intact, the crisiswill almost certainly continue to drive money back and forth as ... See all stories on this topic » | ||
| Financial mess will get worse if we muddle along giving out mixed messages on ... Irish Independent This is a financial crisis, not a political or diplomatic crisis, and it cannot be resolved by muddling through and waiting for a solution to emerge. Financial muddling costs a lot of money and obscures the path to a solution. ... See all stories on this topic » | ||
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| Millionaires Form Family Offices to Avoid Private Banks BusinessWeek As financial institutions curb risk after the collapse of Lehman Brothers triggered the global creditcrisis, wealthy families are “stepping into the holes left by the exits of the banks” in making higher-return investments, Douglas said. ... See all stories on this topic » | ||
| Abandoning reforms? The News International The people of Pakistan rightly deserve an assurance from finance ministry wizards in loud and clear terms that in quitting the IMF programme, they are not abandoning the process of reforms. The civil society, economists and the political parties need ... See all stories on this topic » | ||
| Little Noticed Progress On The European Debt Crisis Seeking Alpha The economic growth risk remains very large. It is notable that even venerable 'sound public finance' institutions like the IMF, and the publication The Economist, are warning against too much emphasis on austerity these days. ... See all stories on this topic » | ||
| Traditional bankers may provide solutions to current financial crisis Herald Scotland Like everyone else in the country I am very well aware of the fact that the nation's banks have, through complete mismanagement on the part of their managers, brought themselves, their customers and indeed the country itself to a state of financial ... See all stories on this topic » | ||
| Moody's downgrades debt ratings for BofA, Wells Fargo and Citi; says US ... Washington Post The ratings agency said it has become less likely that the US government would step in and prevent the three lenders from failing in a crisis. “The probability of government support for the banks is less now than during the financial crisis,” said ... See all stories on this topic » | ||
| Brian Anderson: America's economic crisis is also a faith crisis The Daily Citizen Basically over the last 10-12 years, as different financial instruments have shown to be vulnerable or not credible, the “faith” of the American borrower and investor has been shaken. It is my belief that our latest economic crisis has created a much ... See all stories on this topic » | ||
| Derivatives rules cut auto industry safety net Detroit Free Press BY AARON M. KESSLER WASHINGTON -- When Congress passed sweeping reform after thefinancial markets' collapse of 2008, it aimed to make sure Wall Street money-magic would never again threaten the nation's economy. But automakers are now lobbying against ... See all stories on this topic » | ||
| Swan's award was the fruit of Costello's work The Australian (blog) SOME facts need to be pointed out about what Wayne Swan inherited and how that enabled him to tackle the global financial crisis. He inherited a debt-free economy, a multi-billion-dollar Future Fund, low unemployment, inflation under control, ... See all stories on this topic » | ||
| S&P Selective Disclosure Prompts Scrutiny of Who Learned Early BusinessWeek S&P said it increased contacts with bond buyers since the financial crisis that began in 2007 and led to more than $2 trillion in writedowns and losses at the world's largest financial institutions, according to data compiled by Bloomberg. ... See all stories on this topic » | ||
| 'Operations of certain finance companies disputable' Ceylon Daily News There are 37 finance companies and they have a 376 branch network. Their assets amount to Rs 234 billion, which is a massive amount. When the massive banks in USA and other countries faced bankruptcy during the recent global economic recess, our banks ... See all stories on this topic » | ||
| Prospects and Perils | The future rests on three pillars Livemint In 2008, when many banks and financial institutions in the US and Europe were in deep trouble as the world witnessed an unprecedented credit crisis in the wake of the collapse of Lehman Brothers Holdings Inc. and needed to be recapitalized by their ... See all stories on this topic » | ||
| Failing Banks' Derivative Trades May Face EU Write Downs BusinessWeek “If there can be exceptions to write down provisions because of concerns about possible negative effects on banks, counterparties or clearing houses, this leaves a lot of room to maneuver,” Richard Reid, the International Centre for Financial ... See all stories on this topic » | ||
| Don't Expect The Dollar To Tank After Bernanke & Co Hit The Dance Floor Forbes With European banks on the brink of collapse and real rates near 0%, more help from Ben Bernanke won't result in further USD weakness. The first round of quantitative easing, back in the depths of thefinancial crisis, led to a strong downward trend in ... See all stories on this topic » | ||
| Canadian Banks May Lose Haven Status as Premium to Peers Soars BusinessWeek The declines come amid investor concern that the European debt crisis, the prospect of another US recession and low interest rates will crimp profits. Canadian banks, which are part of a financialsystem judged the soundest by the World Economic Forum ... See all stories on this topic » | ||
| Coordinated Bank Protests Hit Seattle, Cle Elum KIRO Seattle SEATTLE -- Anti-bank protests in Seattle and Cle Elum on Wednesday led to a handful of arrests as demonstrators vented their anger over the financial crisis. KIRO 7 Reporter Essex Porter was at Suncadia Resort in Cle Elum, where the Association of ... See all stories on this topic » | ||
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| OVERNIGHT MONEY: Second CR, trade, supercommittee top agenda The Hill (blog) The House Financial Services Committee meets to discuss the availability of credit for consumers with several representatives from federal agencies and banking groups. • The House Ways and Means Select Revenue Measures Subcommittee and Oversight ... See all stories on this topic » | ||
| Default Swaps Reach Record on Bonds Still Beloved by Banks: Japan Credit Bloomberg By Masaki Kondo and Yusuke Miyazawa - Thu Sep 22 06:50:32 GMT 2011 The nation's overseas shipments increased 2.8 percent in August from a year earlier, the Ministry of Finance said yesterday. The nation's overseas shipments increased 2.8 percent in ... See all stories on this topic » | ||
| Emerging Stocks Drop to 14-Month Low as Fed Sees Economic Risk BusinessWeek “There are significant downside risks to the economic outlook, including strains in global financialmarkets,” the Fed statement said. The Fed's “continued negative outlook on the economy and they basically don't see any hope -- that worries me the ... See all stories on this topic » | ||
| Paper on Climate Financing Targets Fuel Subsidies ABC News Investors will seek out the most cost-effective ways of fighting climate change, and investments are especially necessary when governments are grappling with a financial crisis. Last year investment in renewable energy, energy efficiency, electric cars ... See all stories on this topic » | ||
| 'Massive' ETF Insider Trading, Google Ad Rates, UBS: Compliance BusinessWeek The European Systemic Risk Board said risks to Europe's financial system have increased “considerably” as the sovereign debt crisis weakens economic growth and pressures banks. “Key risks stem from potential further adverse feedback effects between ... See all stories on this topic » | ||
| Federal Reserve action drives mortgage rates down Alaska Dispatch However, Laura Gonzalez, an assistant professor of finance at Fordham University, hopes the Federal Reserve program provides individuals and corporations with a sense of confidence. “We don't have a financial crisis but a confidence crisis,” she says. See all stories on this topic » | ||
| Agency Mortgage-Bond Spreads Fall Most in Two Years on Fed Move BusinessWeek Fannie Mae and Freddie Mac mortgage bonds trading closest to face value were soon “gapping tighter on the surprise,” Walt Schmidt, a mortgage strategist in Chicago at FTN Financial, said in a note to clients. The Fed also said today that it will buy ... See all stories on this topic » | ||
| Editorial Roundup: Excerpts From Recent Editorials eTaiwan News Challenges lie ahead, though, in that governments, health systems and businesses have yet to recover from the continuing financial and economic crisis. Thus, advanced countries are likely to keep resisting further global funding to combat NCDs. ... See all stories on this topic » | ||
| Q&A With Peter Ireland Boston College Chronicle But it is worth noting that researchers have found that recoveries from financial crises like what we've just experienced are measured in terms of years and not months. Against that backdrop, it is unrealistic to expect that we're going to regain ... See all stories on this topic » | ||
| NBR Transcripts-September 21, 2011-Full Episode PBS Nightly Business Report It`s worried the bank can`t count on government support in the event of another financial crisis. Moody`s (NYSE: MCO) also cut the long-term debt on Wells Fargo (NYSE: WFC) and Citi`s short-term rating. As you can see here, both stocks plunged. ... See all stories on this topic » |
| Global financial system risks escalate: IMF | AAJ News By Javeria Nasir “We are in the middle of a crisis of confidence, which is taking its toll on both the economy and thefinancial system” said Jos Vials, Financial Counsellor and head of the IMF's Monetary and Capital Markets Department, which produced the report . Improvements in ... from the crisis. Global challenges the lack of progress to repair balance sheets has raised concerns about the financialhealth of governments in advanced economies, banks in Europe, and households in the United States. ... AAJ News |
| Robert Teitelman: Time Tackles the Banks | Best Financial News By admin The thesis of the Time story is that the banks have somehow failed us, first, in the financial crisis, which they perpetrated alone; then by their failure to lend, even though we had bailed them out and they were making lots of money; now because they ... But rather than explore that — and this is generally accepted by (to adopt a favorite Time expression) “most” economists — it's simpler and easier to blame the banks, particularly now that the economic slowdown is hitting them again. ... Best Financial News |
| IMF Survey: Global Financial System Risks Escalate Financial stability risks have risen sharply in recent months, as slower economic growth, financialmarket turbulence in Europe, and the credit downgrade of ... “ We are in the middle of a crisis of confidence, which is taking its toll on both the ... Viñals, Financial Counsellor and head of the IMF”sMonetary and Capital Markets ... www.imf.org/external/pubs/ft/survey/so/.../NEW092111A.htm |
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