BusinessWeek
“We are effectively incentivizing US money-market funds to continue to finance these banks.” US regulators also are becoming less patient with what are turning out to be dollar-funding runs against foreign banks. Financial institutions are too ...
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Debt crisis: as it happened - September 27, 2011
Telegraph.co.uk
Visit our Finance page for the latest on the eurozone debt crisis. We'll be back tomorrow. 21.21 Robert Shiller, Yale economics professor, is speaking live on Bloomberg at the moment about the US housing market. Today it was announced that home prices ...
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Telegraph.co.uk
Only a finance minister and full fiscal union will do
Financial Times
Instead, the European Commission must present a global, comprehensive plan for overcoming thecrisis Given the state of Greek public finances, this plan must, first of all, review the Europeanfinancial stability facility. This is currently hostage to ...
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| Fear and loathing in the eurozone Financial Times The financial crisis that broke upon the world in August 2007 has entered a new and, in crucial respects, more dangerous phase. A positive feedback loop between banksand weak sovereigns is emerging, with a potentially calamitous effect on the eurozone... See all stories on this topic » |  Financial Times |
Forbes
Those measures were agreed by eurozone leaders July 21, but the delay in implementing them has been one of the main reasons behind the turmoil in financial markets over the past few weeks. While waiting for approval of the July 21 agreements, ...
See all stories on this topic »Capital One says its credit card focus is safe
Reuters
They are drawing parallels to the subprime mortgage boom that led to the 2007-2009 financial crisis. John Finneran, general counsel for Capital One, told the Federal Reserve at a public hearing in Chicago that the bank's credit card focus would not ...
See all stories on this topic »With glint of hope in Europe debt crisis, American consumers coming back into ...
Chicago Tribune
In fact, credit availability is becoming an increasing concern for the economy. With the Europeancrisis, banks have been holding onto capital and have again been reluctant to lend money. "Financial and credit conditions have tightened enough already ...
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| Without a growth plan, the EU faces financial Waterloo The Guardian (blog) The Bank of England has printed some £200bn of quantitative easing, mendaciously claiming it will "kick-start the economy". It has merely added to the pile, and is proposing to add more. It cannot explain where the money has gone, ... See all stories on this topic » |  The Guardian (blog) |
Moneycontrol.com
Studzinski feels that the global economy is looking for a strong leadership, which will give it some direction. “It is important to see how the IMF and the World Bank to solve the European debt crises. It looked like the European central bank had a ...
See all stories on this topic »China as JP Morgan Might Have to Save World: William Pesek
BusinessWeek
Giving Europe the scope to again delay economic upgrades won't do anyone any good. Asia, meanwhile, shouldn't let its reserve bulwark lull it into complacency. The region did a remarkable job of steering around the 2008 financial crisis. ...
See all stories on this topic »How Europe Economic Woes Could Affect US Markets
NPR
And if you look back to the financial crisis we experienced in 2008, that was a small piece, not a - Lehman Brothers was the big bank and of course there was AIG right after that. Those were pieces of the financial system that if they were properly ...
See all stories on this topic »Harper, Carney meet to assess strategy
Toronto Star
Just before Christmas, he announced the Conservative government would run an annual deficit of up to $30 billion as it pumped money into the economy to combat the deepening recession. Now,Finance Minister Jim Flaherty is winding up a two-year, ...
See all stories on this topic »Denmark Pushes Consolidation for Struggling Banks
Wall Street Journal
Eleven Danish lenders have failed since the global financial crisis hit in 2008, the victims of worsening funding terms, bad loans and tougher capital requirements. And there are more to come, observers and analysts say, perhaps 15 in the next three ...
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| SHOTS FIRED: Eric Sprott Says Jamie Dimon's Criticism Reflects An "Inability ... Business Insider It has been our view for many years that the world's largest banks are operating with leverage ratios of over 20-to-1. We are now in an environment where all financialassets, including currencies, can change 5-10% in a single week (many change by that ... See all stories on this topic » |  Business Insider |
ABC Online
For a broader take on the current crisis gripping Europe, I spoke earlier to Gillian Tett - the US managing editor of the Financial Times. So Gillian Tett, the million dollar question - or perhaps it is worth quite a bit more than that - is this latest ...
See all stories on this topic »Asian Currencies Drop as Doubts Linger Over Europe's Debt Crisis
BusinessWeek
South Korea has sufficient foreign-exchange reserves to cope with a potential financial crisis even if European investors take their money out of the country, Bank of Korea Governor Kim Choong Soo said in a parliamentary audit yesterday. ...
See all stories on this topic »Freddie Protecting Banks, Not Taxpayers, And Never Mind Homeowners
Huffington Post (blog)
The move would put more money in people's pockets via lowered mortgage payments -- money that borrowers would in turn spend, generating jobs for other people. But the government body that now supervises Fannie and Freddie, the Federal Housing Finance ...
See all stories on this topic »FOREX-Euro dips after Salgado tempers debt plan hopes
Reuters
... that the existing 440 billion euros in the bailout fund, known as the European Financial Stability Facility (ESFS), might be used as collateral to borrow from the European Central Bank, which would make more money available for crisis fighting. ...
See all stories on this topic »MONEY MARKETS-US 4-week bills sell at zero percent
Reuters
The Bundestag (lower house) =is expected to approve a widening of the scope of the EuropeanFinancial Stability Facility to aid weak states and banks, a strategy approved by European leaders in July. ...
See all stories on this topic »China's Coming Solyndra Crisis
Forbes
It is likely that the bank's contribution to projects is much larger than has been revealed as of publication of this report. China invested $48.9 billion in renewable-energy in 2010, the world's leading country in terms of financial new investment for ...
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| US and UK already in recession, warns Nouriel Roubini Telegraph.co.uk “At this point, the issue is not whether there is going to be a recession or a double-dip but whether it's going to be relatively mild or whether it's going to be a severe recession and a global financial crisis,” Roubini said. ... See all stories on this topic » |  Telegraph.co.uk |
People's Daily Online
In a word, the global financial market has fallen into a frozen state again in the face of investor panic. The banks are unwilling to lend money, and investors refuse to invest. With increased credit risks, the real global borrowing rate has risen ...
See all stories on this topic »Would boost in job spending work?
Korea Times
The attempt at juggling these conflicting agendas was justified by the Strategy and FinanceMinistry's rosy forecasts for next year's economy, which it says will grow at 4.5 percent on consumer price inflation of 3 percent. However, it bears further ...
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| Crisis Looms, but Russia Well Prepared The Moscow Times (blog) Happily, the Kremlin was successful and the banking sector did survive (unlike in 1998). Hats off to the now-ousted Finance Minister Alexei Kudrin, thanks to whom Russia had about $600 billion in reserves, plenty of money to keep the sector liquid and ... See all stories on this topic » |  The Moscow Times (blog) |
Irish Times
The lack of confidence is now global (with the exception of the Far East), and the results of the globalfinancial crisis mean banks and governments are bust. Thus, the first step to the restoration of a normal Irish property market is international ...
See all stories on this topic »Dudley Proving This Is Not Your Father's Federal Reserve Bank of New York
Bloomberg
The New York Fed's board went further, restricting bankers from playing any role in bank supervision or appointing its leaders in order to avoid the appearance of a conflict. Dudley says probes by the GAO and the Financial Crisis Inquiry Commission, ...
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