 Wall Street Journal Greece appears to be the near-term key for avoiding further financial turmoil. Without substantial debt forgiveness by banks, Greece will need further massive infusions of European taxpayers' money to avoid a messy insolvency in the short to medium ... See all stories on this topic » | ||
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| Euro Rescue Fund Chief Goes to China as Europe Seeks Investors BusinessWeek The EFSF, established last year to sell bonds to finance loans for distressed euro nations, has since also gained the authority to buy sovereign bonds on the secondary and primary markets, offer credit lines to governments and recapitalize banks as the ... See all stories on this topic » | ||
| Factbox: Profiles of BOJ's policy board members Reuters ... financial crisis, and guided the bank out of the scheme when the recession ended. He led the board in reaching surprise decisions last year such as the creation of an asset buying program to pump more money into an economy long mired in deflation,... See all stories on this topic » | ||
| Brazil rejects Europe debt purchase plan Reuters However, Mantega said Brazil would be willing to provide financial help via the International Monetary Fund. His statements came as European leaders head into a summit on Wednesday with no apparent compromise to reduce Greece's debt to private... See all stories on this topic » | ||
| MONEY MARKETS-Modest takeup of 1-yr ECB crisis-fighting loan Reuters Rates such as the EONIA overnight rate forwards or future Euribor rates could fall if a summit of euro zone leaders later in the day disappoints and spurs bets that the ECB would cut rates to counter recession risks triggered by financial stress. Banks ... See all stories on this topic » | ||
| Equity Research on Citigroup Inc. and PNC Financial Services Group Inc ... MarketWatch (press release) Recent news of progress in resolving the European debt crisis lifted financials and raised the outlook for several money center banks. Both Citigroup Inc. and PNCFinancial Services Group have seen shares climb in October, perhaps partially the result ... See all stories on this topic » | ||
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| Vatican Council Calls for World Government, Central Bank The New American They faced the ultimate danger of bankruptcy, with negative consequences for the entireeconomic and financial system…. Since the 1990s, we have seen that money and credit instruments worldwide have grown more rapidly than revenue, even adjusting for... See all stories on this topic » | ||
| Europe must do debt deal quickly: U.S. Treasury MarketWatch “We believe that the IMF can play a very important role in supplementing Europeanfinancial resources,” Collyns said. US taxpayers have not lost any money from itsfinancial commitments to the IMF, he said. In testimony after Collyns had finished his... See all stories on this topic » | ||
| The Eurozone's band of warring Nations Socialist Worker Over the weekend the EU elite have been meeting to hammer out a 'comprehensive solution' to Eurozone debt crisis. They have every reason to be afraid. A confidential report leaked to the Financial Times revealed that Greece will need €250 billion in ... See all stories on this topic » | ||
| Governor defends moves to shore up UK economy Herald Scotland There are concerns that if banks are increasingly unwilling to lend because of fears for the health of the European banking sector, the inter-national financial system could be tipped back into crisis. He appeared to signal that the Treasury may use ... See all stories on this topic » | ||
| Europe nears crisis meeting ABC Online Well to discuss the crisis, we're joined now by our Europe correspondent Philip Williams in London. Phil, thanks for being there. And the idea here is to come up with an ambitious and comprehensive response to Europe's financial crisis. ... See all stories on this topic » | ||
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| Capital Controls Should Be Standard Tool, Former Officials Say BusinessWeek By Sandrine Rastello Oct. 25 (Bloomberg) -- Policy makers should consider capital controls an essential tool rather than a last-resort measure for stemming money flows in and out of their countries, said a study by academics and former finance ... See all stories on this topic » | ||
| Eurozone Debt Crisis: LIVE MindfulMoney Mindful Money's live blog, rounding-up the news coverage, and adding alternative perspectives. The Financial Times (paywall) reports that Mario Draghi, who becomes president of the European Central bank on November 1st, "will have to hit the ground ... See all stories on this topic » | ||
| Uncertain times keep rate low The Kingston Whig-Standard "I think this was widely anticipated," said Gagnon, after the central bank announced Tuesday it is keeping the overnight interest rate at 1%. The overnight interest rate is the rate at which financial institutions borrow and lend money among themselves ... See all stories on this topic » | ||
| A tankist view of the euro crisis BBC News This can only be eurozone taxpayers' money. And the means of anchoring it become quite problematic. If the world still accepted blithely the financial wizardry of special purpose vehicles, where E1 is turned into E10 on the five loaves and two fishes ... See all stories on this topic » | ||
| A layman's guide to the euro crisis Times of Malta The risk of severe economic problems has prompted the European Central Bank to keep interest rates down. This encourages businesses to expand by making access tobank finance cheaper. If Jane has a house loan she will pay reduced monthly repayments ... See all stories on this topic » | ||
| Secondary Sources: European Crisis, College Grad Earnings, Consumer Spending Wall Street Journal (blog) By Phil Izzo –European Crisis: Lucas Papademos looks at what is needed to fix the European debt crisis. “Lowering Greece's debt burden is a core goal of today's EU summit. This column — written by Lucas Papademos (former Greek Finance Minister and ... See all stories on this topic » | ||
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| 2 European Banks Post Mixed Results New York Times Profits at banks around the world have plunged, particularly in investment banking. Fearing that another financial crisis is brewing, regulators and shareholders are pushing financial firms to temper risk — all of which is weighing on operations. ... See all stories on this topic » | ||
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| Default Or Inflate - The Only Options Left Seeking Alpha A plan that would justify the United States' central bank actions taken since thefinancial crisis began in 2008. Is a $1.3 trillion bailout package (which has been reported by Bloomberg) enough to prop up Greece, Spain, Italy, Portugal, and the other... See all stories on this topic » | ||
| Chris Dodd: Wall Street Launching 'False Attacks' Against Financial Reform Huffington Post Just this year they have spent more than $100 million on lobbying to water downfinancial regulations, according to The New York Times. And with hundreds of rules mandated by Dodd-Frank have yet to be written, banks continue to try to take advantage of ... See all stories on this topic » | ||
| NY Times: Why Banks Don't Want Your Money NewsMax.com “If you had more money than you knew what to do with, would you want more?” This cycle of unwillingness to take risk is weighing down the economy. “The central irony offinancial crisis is that while it is caused by too much confidence, ... See all stories on this topic » | ||
| Nazi jokes, wrath at Germans highlight Greek despair Reuters Germany, the euro zone's largest economy, has been playing a key role in trying to prevent Europe's Greece-spurred debt crisis from spiraling. The "troika" unites the EU,IMF and the European Central Bank, which is headquartered in Frankfurt. ... See all stories on this topic » | ||
| Asian markets up ahead of European summit Ninemsn "I think we share this sense of crisis and I hope (the Bank of Japan) will act properly,"Finance Minister Jun Azumi told reporters. His remark came after the Nikkei business daily reported the Japanese central bank would discuss additional monetary ... See all stories on this topic » | ||
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| Consumers Paying More Attention to Money Fox Business By Kate Rogers The economy may be making a slow comeback, but don't expect Americans consumers to return to their pre-recession behaviors. After surviving the 2008financial crisis, more consumers are living within their means. ... See all stories on this topic » | ||
| Europe likely to underwhelm once more FX-MM However, negotiators from the Institute of International Finance (charged with representing the bondholders) have offered a 'voluntary' reduction in NPV of 40%, up from 21% at the time of the July deal. On banking recapitalisation, it has been agreed... See all stories on this topic » | ||
| German Vote Backs Bailout Fund as Rifts Remain in Talks New York Times In addition, a meeting of European Union finance ministers, set for Wednesday before the summit meeting, was abruptly canceled on Tuesday, largely because of continuing negotiations with banks over a reduction in the face value of Greek debt — a ... See all stories on this topic » | ||
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| Czechs May Delay Eurobond Sale After Boosting Local Funding BusinessWeek The government this month sold about 20.4 billion koruna ($1.1 billion) of retail bonds, double the target, and will keep the money for 2012, Petr Pavelek, head of the FinanceMinistry's debt-management department, said yesterday. ... See all stories on this topic » | ||
| How Fighting Back Will Make You Richer msnbc.com The response is similar to what happened following the financial crisis and market meltdown three years ago. With companies from Ford to Citigroup having faced lawsuits from workers who invested in employer stock in their 401(k)s and subsequently ... See all stories on this topic » | ||
| Wall St. Giants Seek a Piece of Nigeria's Sovereign Fund New York Times (blog) During the financial crisis, sovereign wealth funds provided critical capital to banksand other troubled firms. To grab a piece of the lucrative business, big banks and asset managers have tirelessly cultivated relationships with governments worldwide ... See all stories on this topic » | ||
| Cullen/Frost Reports Steady Third Quarter Results MarketWatch (press release) The response to our company's value proposition since the financial crisis began in 2008 has been gratifying, validating our way of doing business, as customers come to understand the Frost difference. In fact, average deposits have grown almost $5.0 ... See all stories on this topic » | ||
| Bankers, quit whining about the Volcker Rule CNN If you thought the story of the financial crisis was a harrowing one, then you should listen to Hintz trying to figure out a future with a Volcker Rule that's looking like it might be more onerous than previously thought. "We had originally estimated ... See all stories on this topic » | ||
| Euro Investment Vehicle 'Giant Sub-Prime CDO' CNBC.com Remember that sovereign wealth funds around the world got their fingers burned trying to support banks during the crisis." The SPIV proposal involves setting up a fund that would issue debt and hopefully attract money from sovereign wealth funds and ... See all stories on this topic » |
| Debt crisis: live - Telegraph http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html? service=artBody ... IMF 'wants investors to take 70-75pc losses on Greek debt' • Draft agreement: banks to raise money in markets, not bail-outs .... 11:05 Sky News economics editor Ed Conway says Europe has had to resort to Anglo- Saxon ... www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html |
| 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 | 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 |
| Europe rejects U.S., IMF recommendations on debt crisis, stirring ... In the News ... PARIS — European officials working to address the region's financial crisis have rejected ... a two-day session with finance ministers from the Group of 20 major economic powers. ... Paulson argued that the infusion of funds was vital for saving the financial system and that all the banks had to take the money, ... www.washingtonpost.com/.../gIQACZQVmL_story.html |
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