Russia offers $10 billion for Eurozone bailout RIA Novosti This ambition could also be achieved by expanding its presence in international organizations that control financial flows. China's growing role in the IMF and otherfinancial groupings was one of the most discussed topics at the first G-20 summits, ... See all stories on this topic » | ||
US will lack muscle at eurozone crisis meeting Chicago Tribune Brazil, uneasy about being asked to bail out a rich nation, insists that any of its moneybe administered through the IMF, as was the case during the Latin American debt crisesof the 1980s and '90s. When finance ministers from the G-20 nations met in ... See all stories on this topic » | ||
Spain's Economic Crisis Shows the Eurozone Can't Escape its Debt Trap Money Morning In Greece's case, its faltering economy led to a series of bailouts from the European Commission (EC), the International Monetary Fund (IMF) and the European CentralBank (ECB), to avoid default. But the Greek economy is among the Eurozone's smallest. ... See all stories on this topic » | ||
Europe Banks Cut Jobs as Debt Crisis Ends 'Years of Plenty' BusinessWeek 1 (Bloomberg) -- European banks are accelerating job cuts as the region's debt crisisshrinks revenue and regulators force financial firms to bolster capital. Credit Suisse Group AG, Switzerland's second-biggest bank, said today it will eliminate about ... See all stories on this topic » | ||
* Greek referendum fears threaten bank financing window Reuters "In particular, weaker rated or peripheral financial institutions tend to issue more at the front end of the curve," Schuller said, adding that this also pushed spreads wider. Signs of the renewed stress were also visible in money markets where the ... See all stories on this topic » | ||
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Japan keeps market edgy after nearly $100 billion intervention Reuters However, Azumi argued that Tokyo's action was justified in the light of last month's G20 statement warning that excess currency volatility hurt economic and financialstability. "I will tell them exactly what has happened. That is, (the yen) has not ... See all stories on this topic » | ||
Report Says New York Fed Didn't Cut Deals on AIG New York Times The agency's report revisits a controversial chapter in the history of the financial crisis: the government's decision to sink tens of billions of dollars into AIG, the world's largest insurance company, which was running out of money to cover its vast ... See all stories on this topic » | ||
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Circular commitments lead to a Ponzi economy Financial Times It is becoming ever more obvious that, in a fiat money regime, the merging of monetary and fiscal policies together with a commitment by governments to support banks, and central banks to support financial markets, results in the whole financial system ... See all stories on this topic » | ||
Europe Crisis Takes Toll on Barclays Wall Street Journal Barclays finance chief Chris Lucas trumpeted the company's funding position as "rock solid." But he acknowledged that the relatively muted third-quarter fund raising reflected "reticence" among investors to lend money to banks for stretches of more ... See all stories on this topic » | ||
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Responsible Indian microfinance in India: Still a pipedream year after crisis Moneylife Personal Finance site and magazine Only this will help the larger cause of financial inclusion and responsible microfinance as deeper crisis situations can be avoided Last but not the least, the most important cog in the responsible microfinance wheel is the larger infrastructure and ... See all stories on this topic » | ||
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Michael Lewis on Wall Street, Europe, and the Next Big Crisis DailyFinance It was Kyle Bass who told him that the European sovereign debt crisis would follow on the heels of the financial crisis of 2008. Bass saw that governments were effectively guaranteeing their countries' banking assets, which would lead to countries ... See all stories on this topic » | ||
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European Debt Crisis: This Is How You Should Think About It Business Insider Also Sprach Analyst is a website on global finance and economics with a special focus on China and Hong Kong economy, finance, and real estate. Yes, I keep saying that European debt crisis is not solved if, summit after summit, the solution of it is to ... See all stories on this topic » | ||
Reflections on Iceland and the financial crisis - Part 5 Opinion250 News (blog) There was no doubt that the banks, along with international hedge funds, currency manipulators, and foreign governments had all played a major role in the financial andeconomic calamity that had descended on the country. ... See all stories on this topic » | ||
FTSE 100 Puts Highest to Europe as Traders Lock in Gain: Options San Francisco Chronicle While British stocks have performed better than 20 out of 24 developed markets this year amid the European financial crisis, traders are betting equities will fall after Cameron pledged to eliminate the nation's deficit by 2015. ... See all stories on this topic » | ||
Secondary Sources: ECB, European Crisis, NGDP Targeting Wall Street Journal (blog) By Phil Izzo –European Central Bank: Brad DeLong says the ECB needs to be more concerned about stability. “The ECB continues to believe that financial stability is not part of its core business. As its outgoing president, Jean-Claude Trichet, put it, ... See all stories on this topic » | ||
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DRPA set to decide - finally - how to spend leftover development money ... Philadelphia Inquirer By Paul Nussbaum Faced with competing demands for $29 million in unspenteconomic-development funds - including from food banks with a "pending crisis" - a Delaware River Port Authority panel may decide this month how to spend the money. ... See all stories on this topic » | ||
PM leaves for Cannes on Wednesday to attend G20 Summit NDTV.com The move to impose small tax on financial transactions as a mechanism to force markets to help pay for government efforts to rescue an economy laid low in part by their excesses is also expected to engage the attention of the G20 leaders. ... See all stories on this topic » | ||
In a promising sign for the state's economy, Michigan banks and credit unions ... Detroit Free Press More than three years after the financial crisis caused banks to clamp down on their lending, the government-backed loans are driving much of the lending activity at many Michigan banks and credit unions. In the aftermath of the crisis, banks have ... See all stories on this topic » | ||
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White House Press Gaggle by Jay Carney to Preview President Obama's Trip to ... eNews Park Forest The President has also put forward a financial crisis responsibility fee that would be directed at the largest financial institutions that really impose the greatest costs on theeconomy. We think it's pretty well designed to both deter the kind of ... See all stories on this topic » | ||
Debt crisis will test mettle of new ECB head Draghi CTV.ca The OECD has urged the central bank to cut interest rates in response to deteriorating conditions and has called for greater deployment of the ECB's balance sheet to combat the debt crisis and stabilize the battered financial system. ... See all stories on this topic » | ||
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Credit-Default Swap Risk Bomb Is Wired to Explode: Mark Buchanan BusinessWeek Through CDS contracts, AIG's failure could have spread distress throughout the globalfinancial system. The AIG case illustrates an important paradox that looms again in today's European debt crisis. Like regular insurance, credit-default swaps offer a ... See all stories on this topic » | ||
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Mortgage Bond Prices Show Refinancing Limits: Credit Markets Bloomberg “There will be more lender resources devoted to HARP as the regular refi business takes a back seat,” said Walt Schmidt, a mortgage strategist in Chicago at FTN Financial, the brokerage unit of First Horizon National Corp. “You've got a fulcrum right ... See all stories on this topic » | ||
US Stocks Decline Amid Growing Concern About European Funding BusinessWeek The S&P 500 traded at 11.7 times reported income on Oct. 3, within 14 percent of its price-earnings ratio at the bottom of the financial crisis in March 2009, Bloomberg data show. The index gained 3.8 percent last week. --With assistance from Natalie ... See all stories on this topic » | ||
US Finds Culprit Bay Area Indymedia The success of the term “debt crisis” is one modern example for the possibility of completely deceiving people and the media. This crisis is a crisis of the banks and the entire financial management. The financial crisis originally had little to do ... See all stories on this topic » | ||
From Greek tragedy to farce FX-MM The tightening of rates in 2008 was the manifestation of Trichet's failure to realise that the rules of central banking had been changed by the financial crisis. Many were questioning the wisdom of inflation-targeting at a time of heightened financial ... See all stories on this topic » | ||
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BOJ Losses Exceed $281 Million Buying ETFs as Stocks Slump BusinessWeek This isn't the first time the central bank has bought stocks. The BOJ in October 2002 purchased shares that financial firms owned in other companies to stem losses atbanks after the Topix plunged 52 percent from a peak in February 2000. ... See all stories on this topic » | ||
A Slow-Growth America Can't Lead the World Wall Street Journal Excessive government borrowing and problem banks are the source of the current crisisin Europe, which has in turn increased economic and financial risks for the US Some countries, including Mexico and Brazil, are complaining that the Fed is exporting ... See all stories on this topic » | ||
Germany—Admitting the Reality theTrumpet.com And now, amid the greatest crisis the EU has ever experienced, the German Constitutional Court has slapped a temporary injunction on the German committee convened to speed the process of German contributions to the European FinancialStability Facility ... See all stories on this topic » | ||
Financial Services Field Hearing Shows Excess Rules and Regulations Hurt ... Insurance News Net (press release) It's not right that local institutions who had nothing to do with the financial crisis are now being punished for Wall Street's mistakes," Duffy said. "It's so important to understand how onerous regulations affect small businesses, local credit unions ... See all stories on this topic » |
Five ways the European debt crisis could affect the US For Obama, the US financial crisis that preceded his election set the stage for three years of economic volatility. But at least in 2009, he took office ... www.usatoday.com/money/world/story/2011-10-27/.../1?... |
Financial crisis II, in theatres now In the crisis of late 2008 and early 2009, central banks and finance ... The IMF's head, Christine Lagarde, would like Beijing to allow the Chinese currency ... www.smh.com.au/.../financial-crisis-ii-in-theatres-now-201110... |
Debt crisis: live - Telegraph http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html? service=artBody ... 14.05 To go with Bruno's report below, Channel 4 News economics editor .... the economic and financial conditions associated with the new EU-IMF ...Repeating the bank bonus tax - and using the money to build homes and ... www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html |
The eurozone financial crisis explained – USATODAY.com Among the 17 nations that use the euro, financial bailouts are having a ripple effect. ...not sought bailout loans, but their increasingly severe economic troubles raise that likelihood. Sources: AP, IMF, Eurostat; State Department, European Central Bank and.... For the latest Money news, follow USATODAYMONEY On Twitter. ... www.usatoday.com/money/world/story/2011-10-26/.../1 |
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