 Telegraph.co.uk 23.16 Meanwhile, EU Economic and Monetary Affairs Commissioner Olli Rehn has said the eurozone has reached an accord in Greek collateral. 23.12 Jean-Claude Juncker, head of the Eurogroup meeting of eurozone finance ministers, has rejected all ... See all stories on this topic » |  Telegraph.co.uk |
| US markets hit year-low, as Greece is warned it will have no more concessions Telegraph.co.uk US stocks sank to a one-year low as fears rose that Greece's worsening financialwoes and a likely default were triggering a second global banking crisis. By Bruno Waterfield, in Luxembourg Shares in Bank of America, Citi and Morgan Stanley fell to... See all stories on this topic » |  Telegraph.co.uk |
CBS News
Bank of America Corp.'s stock plunged 44 percent in the third quarter. On Monday it sank another 9 percent to $5.53, a level not seen since the financial crisis in March 2009. There has been customer backlash over a recently-announced $5 fee on debit ...
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| Analysis - For markets, euro zone QE no longer unthinkable Reuters Even at the height of 2008's financial turmoil, the closest the bank went to so-called quantitative easing was the purchase of relatively obscure covered bonds and it has sterilised all of its other liquidity measures to prevent any impact on inflation ... See all stories on this topic » |  Reuters |
| Hedge funds profit from quick bets in Europe Reuters NEW YORK - Stocks slumped in heavy volume to a 13-month low on Monday as investors dumped bank shares on fears that Greece's worsening financial crisis could cause a large European lender to fail. | Video WASHINGTON - President Barack Obama's ... See all stories on this topic » |  Reuters |
Memphis Daily News
The good news is that the EFSF reduces the systematic financial threat level in Europe. The facility, once operational, will borrow money on Germany's credit rating and give it to Greece so that they may make interest payments to French banks. ...
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| Former Obama Adviser Euro Crisis 'Could Become a Global Conflagration' Spiegel Online SPIEGEL: But that doesn't protect the US economy from renewed difficulties. Goolsbee: Certainly people in Washington are very concerned about what is going on in Europe. If the crisis there devolved into banks failing and a run on financial ... See all stories on this topic » |  Spiegel Online |
| Letter from Europe: Golden leaves and financial crises - Eurozone Autumn, 2011 ABC Online This is Wolfgang Schäuble, German finance minister, on September 24 at the IMF'sWashington meeting, referring back to the "settlement" – just two months earlier – decided at the "definitive" European Council summit on July 21. ... See all stories on this topic » |  ABC Online |
BusinessWeek
By Frances Schwartzkopff Oct. 3 (Bloomberg) -- Denmark's financial regulator warned the country'sbanks against relying on a $72 billion liquidity lifeline offered by the central bank and urged lenders to do more to ensure stable funding. ...
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| South Korean bank chief's suicide sheds light on crisis BBC News But if the proper regulation and good business practices were lacking in Korea's savings banks, what about the rest of its financial industry? And what about the impact of the suspensions on the wider economy? Dr Jeong says commercial banksare ... See all stories on this topic » |  BBC News |
Bloomberg
By Andrea Wong - Tue Oct 04 02:10:28 GMT 2011 Taiwan's government bonds rallied and the local dollar sank to a 10-month low as European finance chiefs failed to resolve differences over how best to contain a regional debt crisis. ...
See all stories on this topic »'Sukuk market proved resilient in the face of the crisis'
Arab News
France, Germany, Japan, Singapore and South Korea are other countries where the governments are taking active steps to promote Islamic banking and finance, while Hong Kong aims to become the Islamic finance gateway to China. Looking at the prospects of ...
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| European democracy in the balance BBC News The German finance minister has made it clear that more taxpayer's money will not be forthcoming. So have the polls. And the papers have echoed this. The Frankfurter Allgemeine Zeitung said the vote gave "no carte blanche for a rescue orgy". ... See all stories on this topic » |  BBC News |
| Tax havens: G20 has failed to crack down, says campaign group The Guardian "Despite promising to close down tax havens, the G20 has not dealt with the extent to which secrecy jurisdictions now permeate the financial world and have been the catalyst for financial crises by attracting huge sums of destabilising capital into ... See all stories on this topic » |  The Guardian |
| Chancellor by-passes banks to 'ease' business credit Telegraph.co.uk However the Government could deploy public to buy corporate bonds either directly through the Treasury or via the Bank of England's asset purchase facility. This facility was set up in 2009 during the apex of the financial crisis but has hardly been ... See all stories on this topic » |  Telegraph.co.uk |
BusinessWeek
Bank of America needed a $45 billion injection of taxpayer money to bolster its finances during thefinancial crisis. The bailout has since been repaid. Moody's didn't rule out the idea that the government might help a struggling bank, ...
See all stories on this topic »Emerging Equity Bears Turn Bullish
Bloomberg
Emerging-market stocks trailed advanced-nation shares during times of financial stress that sparked global losses in the past two decades including Latin America's so-called Tequila Crisis in 1994 after a devaluation of the Mexican peso, Russia's 1998 ...
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| China's piggy bank must trade dollars Sydney Morning Herald Indeed, the magnitude of the losses will be on par with that of the Asian financial crisis, if not higher. While China's government should make greater efforts to rebalance the economy by conventional measures, it also should focus more attention on ... See all stories on this topic » |  Sydney Morning Herald |
Reuters
Economic and Monetary Affairs Commissioner Olli Rehn said Europe faced a triple challenge of "stalling growth, stressed sovereigns and still vulnerable banks". Ministers would review options to enhance the financial firepower of the rescue fund, ...
See all stories on this topic »European Stocks Decline for Third Day on Crisis
Bloomberg
Finance ministers considered reshaping a July deal that foresaw investors contributing 50 billion euros ($66 billion) to a 159 billion-euro rescue. That private sector involvement, or PSI, includes debt exchanges and rollovers. ...
See all stories on this topic »China's Fall, Not Its Rise, Is the Real Threat to the Global Economy: View
Bloomberg
In Europe, leaders must move quickly to solve a deepening debt crisis and deal with insolvent banks. In the US, they need to take radical measures, including pumping more federal stimulus money into a stalled economy and providing debt relief to ...
See all stories on this topic »Rising debt weighing on economy
The Korea Herald
Based on data collected from the Finance Ministry and the Bank of Korea, he estimated that Korea's three major economic entities – the public sector, households and corporations – have accumulated a whopping 3283 trillion won in financial debt, ...
See all stories on this topic »Congress probes the Federal Reserve's controversial lending policies
Gant Daily
Until now, lawmakers blamed the financial crisis largely on big banks that granted easy credit and bad loans to people who never should have received them. When the borrowers stopped paying, thebanks collapsed, taking much of the US economy along with ...
See all stories on this topic »Norway Struggles to Cool Economy as Rebound Proves Too Strong
BusinessWeek
Norway is trying to slow its economy and shield industry from excessive krone gains while Europe struggles to contain a debt crisis. The government and central bank need to prevent what Norway'sfinancial regulator has warned may develop into a ...
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| Europe Must Fight Back Against US-UK Speculative Attacks Center for Research on Globalization These banks serve no constructive social or economic purpose. They must be subjected to bankruptcy proceedings, and their derivatives wiped out. 1% Euro-Tobin on All Financial Transactions — European leaders must ignore the hysterical opposition and ... See all stories on this topic » |  Center for Research on Globalization |
| 'Boomerang': Surveying the wreckage of financial disaster msnbc.com The financial crisis of 2008 was suspended only because investors believed that governments could borrow whatever they needed to rescue their banks. What happened when the governments themselves ceased to be credible? Amanda Knox, the 24-year-old ... See all stories on this topic » |  msnbc.com |
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