 Herald Scotland By Antony Akilade THE priesthood of finance – ratings agencies, market makers, fund managers, the high priests of economics enthroned in treasuries, central banks and theIMF – all wail the same lament: “Greece will fall”, they moan. ... See all stories on this topic » | ||
| Euro crisis spreads and puts the world economy at risk The Guardian This time it's Paris, not London, but, just as in May 2009 when Gordon Brown brought the power-brokers of the world economy together in Docklands, they are trying to prevent a financial crisis spiralling out of control and dragging the global economy ... See all stories on this topic » | ||
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| Dominoes: From Financial Crisis To Economic Crisis To Government Crisis Seeking Alpha This, too, is a big domino as the financial crisis takes down businesses and theeconomy. I would like to think it's over from there, but it is becoming increasingly clear that taking down wealth, taking down the economy, and shutting off business and ... See all stories on this topic » | ||
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| We Will Stop Leakages In The Leadership Newspapers The coordinating minister of the economy and minister of finance, Dr. Ngozi Okonjo, during the recently concluded Annual General Meeting of the World Bank and the International Monetary Fund, spoke to Nigerian journalists on the state of the economy.... See all stories on this topic » | ||
| Humbled Dubai looks to real economy, Arab world IBNLive.com Hotel occupancy stood at 86 percent in the first quarter of 2011 compared with 75 percent in the third quarter of 2008, when the global financial crisis deepened. The loan-to-deposit ratio at banks fell to 94 percent in July 2011 from 110 percent in ... See all stories on this topic » | ||
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| Nigeria: Jonathan's Economic Crew - New Team, Old Thinking AllAfrica.com This is worsened by the perception (by banks) of the sector as a high-risk segment of the economy. So, if we must change the dynamics, the challenge of access to credit and high cost of funds should be fixed. Tenure of funds in the financial system is ... See all stories on this topic » | ||
| European Banks Will Need Capital In Excess Of $133 Billion: Ireland Huffington Post Ireland's banks were at the heart of its financial crisis and subsequent EU-IMF bailout and earlier this year Dublin put a 70 billion euros bill on recapitalizing its lenders. Noonan is currently looking at ways to try and restructure nearly 31 billion ... See all stories on this topic » | ||
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| Int'l community couldn't care less about Caribbean debt crisis Jamaica Observer The debt crisis of these small, middle-income countries has been largely ignored by the international community and by the multilateral financial institutions such as the WorldBank and the International Monetary Fund (IMF) The debt/GDP ratio is 180 ... See all stories on this topic » | ||
| What Crisis? MasterCard, Visa Lead IBD 50 Financials Investor's Business Daily First Cash Financial and Ezcorp both own pawnshops and lending stores, which offer short-term loans at high interest rates, often to people with no bank accounts. Withbanks getting rid of free checking and debit card accounts in reaction to specific ... See all stories on this topic » | ||
| State Bank of India rated lower: Does the Indian care? Economic Times Mounting stress on NPAs gave reasons for some to calling it Stressed Bank of India. Although the resilience of Indian banking sector in withstanding the financial crisis in the past is well established, however, the scenario has changed significantly ... See all stories on this topic » | ||
| Crisis Center finding stable footing TriCities.com DAVID CRIGGER/BRISTOL HERALD COURIER - Two years after slashing its staff and closing offices, the Crisis Center appears on more stable financial footing. The CrisisCenter is finding a firmer financial foothold at a time when more people are seeking ... See all stories on this topic » | ||
| 'We were a war cabinet and Lenihan was leader' Irish Independent Putting taxpayers' money into banks is such a difficult thing to do. Anything to do withbanks is politically toxic." Ahearne also experienced first-hand the arrival of the IMF last November, and he reveals in detail exactly how Ireland was bounced ... See all stories on this topic » | ||
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| Wall Street Protests Huffington Post (blog) Incredibly, after we bailed out these big banks because they were "too big to fail," three out of the four largest are now even bigger than they were before the financial crisisbegan. It is time to take a page from Teddy Roosevelt and break up these ... See all stories on this topic » | ||
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| Breaking a circular problem Malta Independent Online And unless we break this circle, the Ricardian/Austrian economic school – which brought us to the source problem in the first place, with their laissez-faire policies of no, or light touch, regulation of banks and financial institutions – will be ... See all stories on this topic » | ||
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| Could this time have been different? Washington Post (blog) One source comes in how Reinhart and Rogoff find the economic phenomena they're trying to study. “There's an identification problem,” Stiglitz says. “When you have underlying problems that are deep, they will cause a financial crisis, and the crisis ... See all stories on this topic » | ||
| Job creators face roadblocks CBS News Here's what happened: Before the financial crisis, Martinez was charging around $50000 a month for goods and shipping -- $50000 with an $83000 credit limit. But then Chase Bank cut her credit limit down to around $50000, meaning Martinez was now using ... See all stories on this topic » | ||
| The Paradox of Deflation Facing Global Investors The Market Oracle Central banks are bad policy enablers, and are then charged with trying to clean up the mess left behind by the political tomfoolery. Financial philosopher PQ Wall was fond of saying, "Politics destroys the money world." A more accurate and salient ... See all stories on this topic » | ||
| STRATFOR: Precise solutions in an imprecise reality Kyiv Post The eurozone's bailout fund, the European Financial Stability Facility, would be expanded in scope and reach until it can handle the bailout of a major state, the default of a minor state and a banking crisis of unprecedented proportions. ... See all stories on this topic » | ||
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| New York's new Department of Financial Services launches Business Insurance “When you talk about a way to help try and kick-start the economy and help these industries thrive, that's a great place to start.” Government officials continue searching for ways to create jobs in the wake of the 2008 financial crisis while also ... See all stories on this topic » | ||
| A 'rebel' president won't save us from financial doom Irish Independent It never envisaged a financial crisis like the one we have. If you have the money you can buy a Formula One racing car, but without a driver and team to maintain it you won't win any races. That's what happened in Ireland. When we had the money, ... See all stories on this topic » | ||
| Slovakia's euro honeymoon sours as days tick to key vote MSN Philippines News French banks in particular are seen as overexposed to Greek, Italian and Spanish debts, and leaders fear a default in a weaker Mediterranean economy could trigger a financial crisis across the continent. See all stories on this topic » | ||
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| Margareta Pagano: Draghi needs a bazooka to fix the eurozone The Independent While the Tarp bailout may not have been perfect, the shock-and-awe approach did get the financial system moving again. Now Europe needs its own bazooka – one that gets the banks recapitalised, liquidity moving, and confidence restored; after all, ... See all stories on this topic » | ||
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| Elliot Parker: Hyperinflation? Take a deep breath... Nevada Appeal Once banks have deleveraged most of their bad assets, and the economy has finally recovered, they should start lending again. Once investors are no longer afraid of more bad financial news, they may be willing to hold other assets. Then, and only then, ... See all stories on this topic » | ||
| Bank of America's new monthly charge is understandable Charlotte Observer But high-level traders at some banks create even more complicated investments that they buy and sell and swap at video-game speed. And as our financial crisis has unspooled, it's become clear that a lot of these traders had no idea what they were ... See all stories on this topic » | ||
| B of A makes big gain in market share, data shows Hartford Business Some industry insiders saw the financial crisis as a rare opportunity for communitybanks to close that market share gap, especially as nervous investors were pullingmoney out of the stock market and looking for safe places to store it. ... See all stories on this topic » | ||
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| Story of deregulation should anger all of us Mail Tribune But it was the deregulation of the banking and financial industries that would prove to be the worst idea of all. Politicians who got lots of money from banking and finance, mostly Rs but Ds too, chipped away at the regulations on those industries all ... See all stories on this topic » | ||
| Stocks Gain for the Week on Economic Data and EU Bank Hopes (AAPL, AMR, ANR... TradersHuddle.com Mid week, stocks jumped, extending the late session surge, after better than economicreports in the US and optimism over the euro zone following a report of a plan by EUFinance ministers to shield troubled banks in the region from contagion, ... See all stories on this topic » | ||
| God, Gold, Groceries, and Guns Gold Seek They believe in deliverance by northern government debt – to save the banks from southern government debt. Why should you care about the four G's? Why should you imagine that things will not repeat? The financial system held up after 1980. ... See all stories on this topic » |
| IMF Survey: Regulators Identify Data Needs to Track Shadow Banks In the wake of the global financial crisis, regulators agree that they need to know ...IMFSurvey Magazine: In the News ... Yet they noted that risk that these so- called shadow banks—such as insurance companies, money market funds, hedge ... the coverage of nonbank financial institutions in economic and financial statistics. ... www.imf.org/external/pubs/ft/survey/so/.../NEW092911B.htm |
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