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| French finance chief says euro budget convergence inevitable as EU demands ... Washington Post ... plan to solve the crisis. They need to reduce Greece's debt burden so the country eventually can stand on its own, force banks to raise more money so they can take losses on the Greek debt and ride out the financial storm that will entail, ... See all stories on this topic » | ||
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| The exception that proves the rule The Economist (blog) Thus, for "showing markets the money“ to work, the peripheral euro area countries need to be solvent. That's not actually true. America's banking system is a nice example. In both the early 1990s and in the wake of the financial crisis, ... See all stories on this topic » | ||
| Today's Wall Street Not Much Different From 2008 NPR Though banks have recovered slightly since the 2008 financial crisis, the echoes of thecrisis still resonate in a struggling US economy. A sign for Wall Street is seen before the opening bell of the New York Stock Exchange. Though banks have recovered ... See all stories on this topic » | ||
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| Net Bill Buying Hits Record Pace on Haven Demand: Japan Credit BusinessWeek Money managers bought 14.8 trillion yen ($194 billion) more in money-market instruments than they sold in 2011 through September, set for the biggest-ever annual net purchases in data going back to 2005, according to Japan's Ministry of Finance. ... See all stories on this topic » | ||
| Full Text: Note on financial reform from the Pontifical Council for Justice ... Vatican Radio In monetary and financial markets, however, the dynamics are quite different. In recent decades, it was the banks that extended credit, which generated money, which in turn sought a further expansion of credit. In this way, the economic system was ... See all stories on this topic » | ||
| European banks should sort their problems out themselves - Hungary's PM Orbán portfolio.hu European Union leaders met yesterday to hammer out a solution to the debt crises after the bloc's finance minister's drew up an agreement on Saturday to recapitalize European banks. About the meeting Orbán said "we have chewed every issue very ... See all stories on this topic » | ||
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| Savers Protect Your Deposits From Bankrupting Banks and Quantitative Inflation The Market Oracle Even though a european banking crisis seems inevitable, I personally rate actualfinancial armageddon ie the banking system ceases to operate as a low probability as a consequence of unlimited money printing by the governments and central bankspumping ... See all stories on this topic » | ||
| Finance minister proposes “Swedish model” to solve European debt crisis World Socialist Web Site In an interview with AFP, he remarked that the example of how Stockholm dealt with itsbanking crisis in the early 1990s should be adopted across Europe. However, his comments come as it becomes increasingly evident that Sweden's economic outlook is... See all stories on this topic » | ||
| EU leaders try to prevent economic meltdown WalesOnline “In the longer term, we need to be examining the economic choices of the developed world and, in the light of these recurring financial crises, examine other solutions which put people before markets – which means keeping people in their homes, ... See all stories on this topic » | ||
| China urges EU to reach debt plan without delay Reuters At a summit on Sunday, European Union leaders neared agreement on bankrecapitalization and discussed how to leverage up the 440 billion euro ($600 billion) European Financial Stability Facility crisis fund to stave off bond market contagion. ... See all stories on this topic » | ||
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| EZ crisis: so little time, so much to do International Financing Review The EBA has now apparently decided the capital shortfall for Europe's leading banks is €108bn, a number accepted by EU finance ministers. Remember that the IMF's number is €200bn, while analysts have gone as high as €275bn for banks to achieve 9% CT1 ... See all stories on this topic » | ||
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| South Africa Drops From 'Best in Class' as Budget Gap Widens BusinessWeek Now Finance Minister Pravin Gordhan is struggling to keep the deficit under control. Gordhan, who gives his mid-term budget speech tomorrow, may increase his forecast for the fiscal gap to 5.4 percent of gross domestic product in the year beginning ... See all stories on this topic » | ||
| Polish Banks Seen Remaining Under Foreign Ownership Wall Street Journal (blog) Either the finance ministry, using money from the budget or the central bank, could buy a bank and then float it on the Warsaw Stock Exchange, he said. “But it's not going to happen. It's at the level of casual talk over drinks, while [real action] ... See all stories on this topic » | ||
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| 'Big Four' Probe, EU Utilities, Regulators Named: Compliance BusinessWeek European leaders descended on Brussels in a last-ditch effort to stamp out a two-year-old financial crisis that threatens to tip the world into a recession. Government chiefs took over, following two days of meetings by finance ministers with another ... See all stories on this topic » | ||
| Occupy Wall Street and Publicly Funded Elections: A Challenge to the Financial ... Huffington Post OWS shifted the focus from Washington to Wall Street for the same reason that Willie Sutton robbed banks -- because that's where the money is. To be fair, there are genuine voices of reform within the financial community. PIMCO's Mohamed El-Erian, ... See all stories on this topic » | ||
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| Obama's Failed Mortgage Relief The Fiscal Times But Peter Orszag, a former senior White House economic adviser, said the administration has underestimated how much the nation's massive mortgage debts would weigh the economy down after the financial crisis. “A major policy error has been to put too ... See all stories on this topic » | ||
| Opinion: The debt party is over Deutsche Welle Bank recapitalization, financial levers, and the Greek bailout are all topics at the Brussels summit. But politicians should be talking about how to get out of the 'debteconomy', says DW's Christoph Hasselbach. The eurozone crisis is, essentially, ... See all stories on this topic » | ||
| The ECB's monetary policy during the crisis IEWY News Furthermore, banks and other financial market participants, pass on money market interest rates to households and businesses, thereby affecting economic activity. In what follows, let me focus on three market segments which, in the euro area, ... See all stories on this topic » | ||
| For investors, playing it 'safe' can be risky NDTV.com The average yield on a money-market account is just 0.54 percent, according to Bankrate.com. Even the best-paying online savings accounts pay 1 percent or less. As recently as the summer of 2008, just before the financial crisis hit full-force, ... See all stories on this topic » | ||
| How Citi is coping in a trying time Fortune (blog) To me, practicing responsible finance is about making sure you're acting in the interests of your clients and the system, and that what you're doing is not just moving moneyaround, but actually creating some economic value, that you actually are ... See all stories on this topic » | ||
| Experts Snub IMF Call to Up BI Rate Jakarta Globe In December 2008, the central bank had reduced the rate, despite IMF advice to raise it. Inflation has been historically high for Indonesia, yet the nation's economy manages to grow, at least in recent years. In 2008, when the global financial crisis ... See all stories on this topic » | ||
| UK OPENING NEWS INCLUDING: Failure to solve Europe's debt crisis will cost UK ... Proactive Investors UK Weaning banks off official support and introducing tougher regulation in the midst of the euro crisis could damage Britain's recovery, the chairman of the Commons Treasury Select Committee has warned the Bank of England and the financial regulator. ... See all stories on this topic » | ||
| Comment: The squeeze is on and there's little sign of a let-up Travel Weekly UK What is least likely is a deal capable of drawing a line under the crisis. Martin Wolf of the Financial Times put it this way: “It is unlikely the euro zone will find ways to manage its emergency. It is inconceivable that it will cure the illness ... See all stories on this topic » | ||
| A Message to Government: Please Do Nothing! BullionVault Many of the chiefs urged their European peers to amass even larger bailout firepower than the $605 billion European Financial Stability Facility. Other chiefs suggested that the IMF play a much larger role than it has to date. But no matter the precise ... See all stories on this topic » | ||
| BlackRock chief warns on rescue efforts Financial Times By Dan McCrum and Gillian Tett in New York Larry Fink, head of BlackRock, the world's largest asset manager, has warned that Europe risks causing greater damage to itseconomy and financial system with misguided and incremental rescue measures. ... See all stories on this topic » | ||
| The Bailout That Busted China's Banks Wall Street Journal The answers have profound implications for China's economic future. Ms. Chu's analysis starts, as any effort to understand China's economy must, with Beijing's stimulus program in response to the global financial crisis of late 2008. ... See all stories on this topic » | ||
| Investors Wait Warily for Europe Bank Rescue New York Times If, as the leaders have pledged, the final details are announced when the summit meeting wraps up on Wednesday, it could quell the worst fears of investors by taking the risk of afinancial collapse off the table. But if the talks break down, ... See all stories on this topic » | ||
| CBJ: David John Marotta The Daily Progress The Community Reinvestment Act required banks to make such loans. We are still paying for that harmless assumption. Congress caused the financial crisis, which did not justify the bank bailout. That was another travesty of taxpayer money going to help... See all stories on this topic » | ||
| Monday Papers: Pressure on Italy in eurozone struggle – money and other news Citywire.co.uk Policymakers would not be able to insulate Britain from a deepening crisis in the eurozone, Ben Broadbent, a member of the Bank of England's interest rate-setting committee, told the Financial Times, even if it significantly increased its ... See all stories on this topic » | ||
| Jyske Bank Q3 drops on costs, value adjustments Reuters International funding markets are frozen to all but the country's biggest lenders. Earlier this month, the country saw its tenth bank fall into the hands of the state since the start of the financial crisis in 2008. ($1 = 5.357 Danish Crowns) See all stories on this topic » | ||
| Hedge Funds Raise Bullish Bets Most in Two Months: Commodities BusinessWeek The S&P GSCI index tumbled 12 percent in September, the biggest loss since thefinancial slump of 2008, as Europe's debt crisis, a more than doubling in US unemployment in four years and weaker growth in Chinese manufacturing threatened to erode demand ... See all stories on this topic » | ||
| Euro Halts 4-Day Advance After Europe Debt Summit; Aussie Gains San Francisco Chronicle Only when national efforts fail can governments tap the main 440 billion-euro EuropeanFinancial Stability Facility for cash to channel to banks. Germany pushed through one of its main summit aims, defeating French efforts to boost the rescue fund by ... See all stories on this topic » |
| IMF Survey: G-20 Reaffirms Commitment to Resolve Crisis Finance ministers and central bank governors of the Group of Twenty (G-20) industrialized and ... IMFSurvey Magazine: In the News ... People walk near the French Ministry of Economy, Finance, and Industry in Bercy, France. ... taking concrete steps to build a more stable and resilient international monetary system both to ... www.imf.org/external/pubs/ft/survey/so/.../NEW101511A.htm |
| U.S. rejects plan to strengthen IMF in euro zone crisis - Yahoo! News News. PARIS (Reuters) - Proposals to double the size of the IMF as part of a ... People walk near the French Economy, Finance and Industry Ministry at Bercy before ... The Franco-German crisis plan is likely to ask banks to accept bigger losses on .... Guess which nation they are looking at to pony up the money for that one. ... news.yahoo.com/euro-zone-crisis-set-dominate-g20-paris-mee... |
| U.S. rejects plan to strengthen IMF in euro zone crisis | Reuters PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader ... People walk near the French Economy, Finance and Industry Ministry at Bercy ... A communique and round of closing news conferences are expected around 11 ... The Franco-German crisis plan is likely to ask banks to accept bigger losses on ... www.reuters.com/article/.../us-g-idUSTRE79C74G20111014 |
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