CBS News
The pressure on Europe to finally get a grip on its debt crisis has ratcheted up in recent weeks amid signs that it's taking its toll on the global economy. Trouble in Europe's banks could have spillover effects all around the financial system, ...
See all stories on this topic »Euro Rescue Plan Takes Shape Amid G-20 Finance Chief Talks
BusinessWeek
Its original role was to sell bonds to finance rescue loans. Its new spending power may still not be enough to contain the crisis, with Royal Bank of Scotland Group Plc economists saying a 2 trillion-euro capacity is required to persuade investors that ...
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| US: IMF, EU resources sufficient to face crisis The Associated Press PARIS (AP) — Finance ministers and central bank governors of the world's leading economies are gathering in Paris to discuss how to save Greece from bankruptcy, beat a path out of Europe's wider debt crisis and restart global economic growth. ... See all stories on this topic » |  The Associated Press |
CNBC.com
Stocks have been rallying on optimism Europe will find a way to shore up its banks and lever the bailout fund to stop the spread of the debt crisis. One option being discussed was a bigger role for the IMF, using money at its disposal or new money from ...
See all stories on this topic »Schaeuble Says Bank Recapitalization Part of Crisis Effort
BusinessWeek
“The recapitalization of banks is part of this effort.” European officials are under pressure to find a solution to their debt crisis, which is roiling financial markets and threatening to tip the globaleconomy back into recession. ...
See all stories on this topic »G20 will talk tough to make EU act on debt crisis
Times of India
The world's 20 most influential finance ministers and central bank governors are expected to issue a strong communique on Saturday evening to pressurize European leaders meeting later this month to take a firm view on how to deal with the sovereign ...
See all stories on this topic »Geithner in Paris Will Tell European Counterparts to Move Fast
San Francisco Chronicle
Geithner, 50, will attend the Group of 20 finance ministers meeting starting tomorrow in Paris. Thecrisis has pushed Greece to the brink of default, shaken world markets and fueled speculation the 17-nation euro currency might not survive in its ...
See all stories on this topic »Obama Calls Merkel About Eurozone Crisis
Voice of America
They are expected to consider several options that some leaders say could help stabilize the globalfinancial markets and ease the debts of financially troubled Greece. European leaders are pressing the continent's banks to sharply increase their cash ...
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| Re-establishing global economic co-op China Daily Without strong backing from the central bank, the crisis could further deteriorate. International bodies, such as the IMF, the Financial Stability Board and the Bank for International Settlements, should work together, taking a more coordinated, ... See all stories on this topic » |  China Daily |
| Economy: Just how much worse can it get? The Standard Economic experts and stakeholders are raising issues with the way leaders in Government are handling the crisis of the weakening shilling and inflation. On the spot are President Kibaki and Prime Minister Raila Odinga and Finance Minister Uhuru ... See all stories on this topic » |  The Standard |
Wall Street Journal
By Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Optimism about authorities containing the euro-zone credit crisis is lifting investors' moods across financial markets, but it's also giving Treasurys traders and US monetary policymakers a ...
See all stories on this topic »MONEY MARKETS-Money market stress seen easing in coming weeks
Reuters
The ECB will offer banks 12-month funds on Oct. 26 and again in December after already sparse interbank lending markets dried up again on worries over financial institutions' exposure to sovereign debt. "Interbank lending was starting to seize up and ...
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| Euro zone crisis averted but miles ahead to be back on feet Moneycontrol.com By J Moses Harding, IndusInd Bank It is good to see significant dilution in build up of global crisis (and risk aversion) triggered by economic/financial woes from the Euro zone. The financial system (in Euro zone) will get capital and liquidity ... See all stories on this topic » |  Moneycontrol.com |
Bloomberg
“Bank recapitalizations are necessary but not sufficient.” Finding a way out of the European crisiswill top the agenda at a meeting of G-20 finance ministers and central bankers in Paris this weekend. None of the proposed solutions -- whether they ...
See all stories on this topic »The tarnished broker
Irish Independent
In 2004 he was appointed chief executive-designate of JP Morgan Chase when it purchased BankOne. Virtually alone of the major money centre banks, JP Morgan Chase emerged from the 2008financial crisis intact and it was, until this week's third-quarter ...
See all stories on this topic »Webster Bank: Profits Up, No Debit Card Fee
Hartford Courant
By KENNETH R. GOSSELIN, kgosselin@courant.com The Hartford Courant As profits at Waterbury-based Webster Financial Corp. more than doubled in the third quarter, the parent of Webster Banksaid it will not impose a monthly debit card fee on its ...
See all stories on this topic »Iran Accused, Cain Leaps to 1, RIM Outage
Wall Street Journal
The regulations are known as the Volcker rule, after former Federal Reserve chief Paul Volcker, who has been a vocal proponent of curbing trading at federally backed banks in a bid to prevent a newfinancial crisis. Final rules won't be implemented ...
See all stories on this topic »German Bonds Decline Amid Optimism IMF Firepower May Be Boosted
Bloomberg
As finance ministers and central bankers from the Group of 20 began a two-day meeting in Paris, European officials are moving closer to a crisis-fighting plan that may impose higher bank capital levels on the region's lenders. ...
See all stories on this topic »Banks May Shun $231 Billion Rollover of US Emergency Loans
BusinessWeek
The emergency program provided US guarantees to help banks raise money after credit markets froze in the 2008 financial crisis. While lawmakers are urging lenders to help create jobs, loan demand is slack and bulging deposits mean banks don't need to ...
See all stories on this topic »Dow Poised for Longest Weekly Gain Since April on Retail Sales
San Francisco Chronicle
Caterpillar climbed 1.6 percent to $82.73. The KBW Bank Index lost 0.9 percent, extending its two-day decline to 3.8 percent. Bank of America Corp. lost 0.8 percent to $6.17. Regions FinancialCorp. decreased 2.5 percent to $3.59.
See all stories on this topic »Occupy the euro-zone bailout fund
MarketWatch
... while the Royal Bank of Scotland figures it needs 2 trillion euros. As Portugal announces further austerity cuts and Spain experiences another ratings cut, G-20 finance ministers talk to the IMFabout a possible role in the euro-zone crisis. ...
See all stories on this topic »The Weekly Gold Digger!
Inside Futures
... crisis has been taking steps to shore up the stranglehold of potential debts, defaults and downgrades. The troika which is made up of the European Union, IMF and European Central Bankhad voted to empower the European Financial Stability Facility! ...
See all stories on this topic »Danish FSA Says Most Will Fail Risky Bank Audit by January
BusinessWeek
Danish banks are Scandinavia's worst performing as the industry struggles to emerge from the fallout of a burst housing bubble and a frozen funding market. A deepening debt crisis and looming credit crunch in Europe threaten to exacerbate financial ...
See all stories on this topic »European officials want banks to hold more emergency cash, but banks say that ...
Washington Post
The heads of five German banking associations warned officials against exaggerating the needbanks have for new money. To do so might create “self-fulfilling prophecies that deepen the crisis,” they said in a letter dated Wednesday. So who's right? ...
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| In Private, Wall St. Bankers Dismiss Protesters as Unsophisticated New York Times For the most part, bankers say that they see the protests as a reaction to the high unemployment and slow growth that has plagued the American economy since the recession and the financial crisis of 2008. Despite all the placards and chants plainly... See all stories on this topic » |  New York Times |
Reuters
In this context, long-term interest rates in the economy continued to decline to record lows. In Europe, the sharpening of the sovereign debt crisis and concerns about the health of financialinstitutions have worsened economic growth expectations and ...
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