EFSF plan can help leaders finally get a step ahead of the markets
Irish Times
Christine Lagarde, IMF managing director “We spoke about the financial markets and the fact that politicians should have the power to make policy for the people, and not be driven by the markets.” These quotes by the two leading ladies of the crisis ...
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Financial crisis unlikely: Vikram Pandit
TODAYonline
by Nicholas Fang SINGAPORE - The chances of another financial crisis hitting the globaleconomy are slim, says Citigroup chief executive officer Vikram Pandit (picture). That is largely because the world's banking system has made huge strides since the ...
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Islamic banking: Panacea for global financial crisis
Nigerian Tribune
Even the Nigerian financial sector continues to record its casualties as we speak. Islamic bankshave not been affected by the mortgage/credit crisis that afflicted the international financial markets and are largely immune against such crisis, ...
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| Workers, international capital struggle over possible default Workers World Even with all these cuts and the damage done to workers and their living standards, the solvency targets set by the IMF and the European Central Bank have not been met. According to a Finance Ministry report of Sept. 22, the government's net revenues ... See all stories on this topic » |  Workers World |
China's debt-heavy bosses go on the run
Asia Times Online
About 89% of families or individuals in the city and about 57% of enterprises had either borrowed from or made deposits to non-bank finance companies in last year's second quarter, the most recent figures available from the People's Bank of China. ...
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BofA, Wells Fargo, Citigroup Left TARP Early To Avoid Restrictions On ...
Huffington Post
In the wake of the financial crisis, a number of the nation's largest banks were excused from the government's rescue program before they had returned to a position of complete financial security -- in part because they wanted to avoid restrictions on ...
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| Solutions for Romania to overcome new wave of economic crisis in 2012 ACTmedia “We say EC asks us to observe the 3% target when IMF says that just constriction measures are not enough to get out of crisis. That is why I insist and tell the premier and the finance minister that we should renegotiate the deficit figure because the ... See all stories on this topic » |  ACTmedia |
Hungary Blames the Banks
New York Times
The move has outraged the financial establishment of Europe. It represents a serious breach to the patterns followed in much of the world since the financial crisis burst open three years ago. Bankshave lost a lot of money, and been bailed out, ...
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Japanese Withdrawals Deepening Tumble in Real: Brazil Credit
BusinessWeek
“They can take more financial risk.” The yield on overnight interest-rate futures contracts due inJanuary 2012 was little changed at 11.18 percent, indicating the central bank will lower borrowing costs by about 125 basis points to 10.75 percent, ...
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Stocks rise on economic news, rescue fund approval
Albany Times Union
Analysts said financial markets were likely to remain volatile until more questions were resolved about Europe's debt crisis and the US economy. "Until we start to see more clarity on policy intervention, we'll continue to see this intraday, ...
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Europe Meltdown Seen Converging With Recession in Survey
BusinessWeek
For more on the euro crisis, click on {EXT4 }) Sept. 29 (Bloomberg) -- Global investors anticipate Europe's debt crisis leading to an economic slump, a financial meltdown and social unrest in the next year with 72 percent predicting a country ...
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| Eurozone crisis: Be careful what you wish for, Eurosceptics The Guardian (blog) Not that we should complain too loudly, since we stayed out of the eurozone (three cheers for that man Brown) and have been allowed to devalue our currency since thefinancial crisis by about 20%, without complaint from the neighbours. ... See all stories on this topic » |  The Guardian (blog) |
Boasting, griping and posturing
Ottawa Citizen
Nothing that was said in the meeting - among Prime Minister Stephen Harper; his finance minister, Jim Flaherty; and Bank of Canada Governor Mark Carney - is disclosed. Whether their deliberations produced new insights on the crisis roiling the global ...
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| Slovak PM Hopes for Bailout Fund Vote Mid October CNBC.com New Rules for Markets Banks, financial institutions and rating agencies are "equally responsible" for the crisis, which is "not only the fault of politicians," Radicova said, adding that she didn't believe that markets and financial institutions ... See all stories on this topic » |  CNBC.com |
| Europe set for worst quarter since 2008 Reuters Futures for Germany's DAX and France's CAC-40 fell by similar amounts, whilefinancial spreadbetters in London called the FTSE 100 to open down as much as 0.6 percent. Fears of a spiraling European debt crisis and a slowing global economy that would ... See all stories on this topic » |  Reuters |
European debt crisis heats up US presidential rhetoric on economy
Gant Daily
China joined the United States during a recent International Monetary Fund meeting to encourage the European Union to control its debt crisis. “So they are going through a financial crisis that is scaring the world and they are trying to take ...
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KGB: Warwick McKibbin
Business Spectator (blog)
You end up with a financial crisis usually followed by a fiscal crisis because the governments borrow to recapitalise the banks and then the balance sheet of the government falls into problems. You end up with these problems with tax overhangs, ...
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Banks: RBA Says It Won't Be a Bonanza/Watch Macquarie
International Business Times AU
With economic growth slow (except in resources, where the banks are not big players), continuing high savings by consumers, modest growth in consumer credit and weak housing finance growth, the banks can forget a return to the pre 2007 days of double ...
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Herman Cain Denies Federal Reserve Flip-Flop, Economic Cluelessness
The New American
These actions by the Treasury, the Federal Reserve Bank and the actions by the Federal Depositors Insurance Corporation (FDIC) are all intended to help solve an unprecedented financial crisis. Unlike steps taken prior to and during the Great Depression ...
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| How the crisis is affecting you BBC News Debt in the eurozone, concerns over growth in Europe and the US, and turmoil on thefinancial markets have led to fears of a renewed financial crisis and recession. The BBC has been asking how the crisis has been affecting you personally. It sucks. ... See all stories on this topic » |  BBC News |
Debt mountain casts long shadow over growth
Irish Times
The private sector's debt addiction in the developed world in the years leading up to the financial crisis – alongside the subsequent leveraging of public balance sheets to absorb the shock once thecrisis struck – means that the world's major economic ...
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Where German frugality meets Greek profligacy
Mail & Guardian Online
Perversely though, the more the US and Germany mess up, the more they get rewarded with cheapmoney. The US gave the world sub-prime and Lehman Brothers. The last financial crisis gave it really cheap money as spooked investors fled to the security of ...
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| Research houses downgrade banking sector Malaysia Star Banking analysts concur that the external headwinds from the sovereign debt crisis in the eurozone and the gloomy US economy would translate into volatile financialmarkets, which would impact the global equity markets including the banking sector.... See all stories on this topic » |  Malaysia Star |
| Fed's Twist May Prompt Bigger Turn Wall Street Journal Worries plaguing financial markets—soft economic data and the prospects for a disorderly end to the European debt crisis—might cause investors to stay in safe assets like Treasurys. "We look at it in the context of everything. ... See all stories on this topic » |  Wall Street Journal |
Money managers put recession odds at 50 percent
TriValley Central
By MARK JEWELL AP Personal Finance Writer BOSTON — The stock market has seesawed for a month and a half. It's a reflection of investor uncertainty about prospects for another recession, and whether Europe can contain its debt crisis. ...
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China's Role in the Negotiations Surrounding the Global Financial Architecture ...
US-China Institute
Three years after the outbreak of the last Global Financial Crisis (GFC), China appears to have moved into a position where it can exert greater influence in setting the terms of negotiation for a reformed global financial regulatory architecture. ...
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