 New York Times A vastly greater financial commitment is needed to prevent the crisis from spreading, many analysts say. The European Central Bank may use some of the fund's money as collateral for making larger loans, effectively “leveraging” the fund and giving it ... See all stories on this topic » | ||
| Horror show: the European debt crisis STLtoday.com Right now, the European financial system is giving off signs of the apocalypse. There's an under-the-table run on European banks. American money-market mutual funds, long a main source of dollar funding for the Europeans, are fleeing the Continent. ... See all stories on this topic » | ||
| Profiting from financial crises: implications of a trader's candid admissions Sunday's Zaman Among other seemingly uncaring remarks, he stated: “I'ma trader. We don't really care whether they're going to fix the economy; our job is to make money from it.” Candid and honest indeed, but what does this reveal about our financial system? ... See all stories on this topic » | ||
| IMF approves €1.1bn stand-by arrangement to Serbia EMportal The statement from the IMF says that the new arrangement, made as a precautionary measure, supports the economic programme of the Serbian government, which wants to maintain macroeconomic and financial stability in the country. ... See all stories on this topic » | ||
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| And finally...Budget 2011/12 Trinidad & Tobago Express Alarmingly, the new IMF head and former French minister of finance, Christine La Garde, issued a warning that the resources of the IMF would not be large enough to deal with the contagion if the larger countries of the Eurozone, Spain and Italy, ... See all stories on this topic » | ||
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| Rupee a victim of global economic uncertainty Economic Times In the three-month financial quarter to September 30, the currency has fallen by about nine percent to 48.9 rupees to the dollar as investors fret about Europe's spiralling debt crisis and the sputtering US economic recovery. Money has flowed out of ... See all stories on this topic » | ||
| A new banking era after Sept 30 Vanguard For instance, in The Gambia, we have 13 banks and they use the latest technology in their operations. The Ministry of Finance and the apex bank should work as a team to check income flow in the economy -Professor Fabio Canova, a senior economist from ... See all stories on this topic » | ||
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| US stock futures lower as gloomy 3Q nears end BusinessWeek By DANIEL WAGNER US stock futures fell Friday as traders prepared to close out what has been the worst quarter since the peak of the financial crisis. Markets were racked this quarter by escalating fears about a default by Greece. ... See all stories on this topic » | ||
| Bank of America's Third Strategic Mistake Forbes As we wrote in a previous piece, back in the mid of the subprime crisis, Bank of America (NYSE:BAC) committed two strategic mistakes that end up costing the bank dearly: the purchase of Countrywide Financial and the purchase of Merrill Lynch. ... See all stories on this topic » | ||
| Gold can still outshine mere cash Financial Times “Above all, its value does not depend on the creditworthiness of any government or financialinstitution, and that may yet prove very significant in the weeks and months ahead,” notes Julian Jessop, chief global economist at Capital Economics, ... See all stories on this topic » | ||
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| Preachers confront 'last taboo': Condemning greed amid Great Recession CNN (blog) Greed was a factor in the 2008 financial crisis but not it's primary cause, Richards said. There were other major factors, including the tendency of Americans to live above their means and policies that encouraged banks to dilute mortgage lending ... See all stories on this topic » | ||
| Week Ahead: US Jobs and European Debt on Tap CBS MoneyWatch.com (blog) The European debt crisis, along with a general worry of a global economic slowdown, spelled bad news for stocks and oil for the week, the month and the quarter. In fact, it was the worst quarter for stocks since the height of the financial crisis. See all stories on this topic » | ||
| Rip-Off Conspiracy, the United States of Banks The Market Oracle The FED pushed down interest rates – rates that would have stayed high, contrary to all historical records of recessions. That saved the American economy and the world economy. Given the magnitude of the global financial crisis and its aftermath, ... See all stories on this topic » | ||
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| Seeking shelter: uncertainty fosters need to diversify investments STLtoday.com The average rate on a one-year bank CD is 0.7 percent, and long-term inflation forecasts hover around 2 percent. So, financial advisers say that even the timid should tiptoe out onto the limb of risk. They suggest investment-grade bonds with short to ... See all stories on this topic » | ||
| Money managers put recession odds at 50 percent Ventura County Star Columbia considers surveys of corporate executives who make purchases for their companies to be crucial indicators of where the economy and financial markets are headed. A report from the Institute for Supply Management found that US manufacturing ... See all stories on this topic » | ||
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| Mortgage aid helps homeowners Greensboro News & Record “We don't know what will happen down the road,” Kucab said, executive director of the NC HousingFinance Agency. “The belief is that employment opportunities will be expanding as the economyrecovers.” See all stories on this topic »        |
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