EU Bank Recapitalization Plan Has 'Serious Problems,' IIF Says BusinessWeek 2 (Bloomberg) -- The European Union's plan for recapitalizing banks has “serious problems” that will hurt economic growth and make it harder for some nations to borrow, the Institute of International Finance said. There is a “clear need” to restore ... See all stories on this topic » | ||
Follow European Financial Crisis Salon European leaders reached an agreement Thursday aimed at shoring up the region'sbanks and preventing a severe debt crunch in Greece from bringing down Europe'sfinancial system. But the European debt crisis is still far from fixed. ... See all stories on this topic » | ||
Euro Crisis Threatens Banking System New York Times By JACK EWING FRANKFURT — In March 2009 about 40 bankers and government officials crowded into a classroom at an economic institute in Vienna to talk about how they might save Eastern Europe from financial Armageddon. The Erste Group headquarters in ... See all stories on this topic » | ||
The dragon is no white knight Asia Times Online Moreover, a Europe deep in financial crisis would reduce its investment in China, and with the debt crisis-caused devaluation of euro, hot money previously invested in Europe would seek new destinations, and China as a stable economy would inevitably... See all stories on this topic » | ||
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Rand firmer as euro rallies Fin24 The government has only met 57.5% of its goal in installing solar water heaters due tofinancial constraints, says the energy minister. Sales of new vehicles were up 18.9% in October partly boosted by consumers taking advantage of low interest rates, ... See all stories on this topic » | ||
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Leaders call crisis talks as euro hangs in the balance TVNZ But according to everything we hear from Greece, there is no urgent need for the payout until mid-December, more or less," finance ministry spokesman Martin Kotthaus said. EU leaders endorsed the disbursement of the money last week, but the IMF board ... See all stories on this topic » | ||
China's Stocks Rebound on Policy Speculation, Fiscal Support San Francisco Chronicle ... to bolster the economy as Europe's debt crisis and slumping manufacturing in China and the US threaten global growth. China Minsheng Banking Corp. and Poly Real Estate Group Co. led gains for financial companies as money rates declined on prospects ... See all stories on this topic » | ||
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Media Call: G20 Summit Carnegie Endowment for International Peace One point that I wanted to stress to complement Uri's point is about the financial – thefinancial sector and there, there are two issues that are quite important: One is how to treat banks and the link between the value, you know, of the sovereign ... See all stories on this topic » | ||
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Gold set to rally to new record by March Financial Post (blog) Some forecasters expect the dollar's rally to fade because of concern that a slowing global economy may force the Federal Reserve to pump more money into thefinancial system. The US currency will end next year at US$1.40 a euro, compared with ... See all stories on this topic » | ||
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Two Financial Nukes Explode International Business Times It's a global financial crash. Two weeks ago, I wrote, “When European banks start failing, there is no way US banks will be able to avoid being sucked into a vortex of default. For anyone who thinks this crisis can be resolved with a pain free ... See all stories on this topic » | ||
Russia Offers $10 Billion For Eurozone Bailout - Analysis Eurasia Review 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 » | ||
Markets wait to hear how far Draghi will go to rescue indebted governments as ... Washington Post A disorderly default could collapse banks and choke off credit to the wider economy, leading to recession and financial chaos. A plan agreed by eurozone leaders last week to halt the crisis is already being viewed as not enough, and a Greek decision to ... See all stories on this topic » | ||
Dutch Systemically Important Banks Face Tougher Rules Wall Street Journal Big banks will have to their core Tier 1 capital ratio, a measure of financial strength, by 1 to 3 percentage points, depending on their relevance to the financial system, a spokeswoman said. The measure, which will be gradually phased in between 2016 ... See all stories on this topic » | ||
The IMF Will Wing it for Greece, Just Like They Did for Citigroup Business Insider Since the beginning of the financial crisis all sorts of rules have been suspended in all sorts of different contexts. For example, when the crisis was at its peak in September of 2008 the FDIC suspended mark to market accounting, allowing banks to ... See all stories on this topic » | ||
What to expect from the Fed Financial Post (blog) By Pedro Nicolaci da Costa WASHINGTON — The US Federal Reserve looks set to take a breather from monetary stimulus measures Wednesday, even if financialmarket turbulence heightens the chances of action later. The US central bank's debate over the ... See all stories on this topic » | ||
S&P: No immediate ratings implications for EFSF Reuters The ratings of highly-indebted euro zone countries have tumbled over the last few years as the financial crisis has seen tax revenues slump and forced governments to prop up weak banks and faltering economies. On Tuesday Fitch, another of the big three ... See all stories on this topic » | ||
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Is the Rising Bond Market Your Friend or Foe? Forbes In fact, long term government bonds were one of the only types of investments that actually did well during the 2008 financial crisis. That's how diversification works, assuming you owned some bonds BEFORE you needed them. ... See all stories on this topic » | ||
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Bank of America scraps debit card fee after consumer backlash Washington Post Though not affiliated with the Occupy protests, the letter tapped into the same vein of populist anger, recounting the bank's role in the financial crisis and calling the fee “despicable.” On Oct. 1, 100 people signed Katchpole's petition. ... See all stories on this topic » | ||
Asian Stocks Slide as Greece Concerns Temper China Speculation BusinessWeek Mitsubishi UFJ Financial Group Inc., Japan's largest publicly traded bank, decreased 2.3 percent to 334 yen. Rival Sumitomo Mitsui Financial Group Inc. fell 2.2 percent to 2144 yen. “People were naturally skeptical that the resolution agreed last week ... See all stories on this topic » | ||
China Inflation Cooling Leaves Room for Wen to Loosen Credit BusinessWeek The threat from Europe's crisis was highlighted as global equities sank after Greek Prime Minister George Papandreou said a financial rescue plan for his nation would be put to the vote by citizens. The Shanghai Composite Index reversed a decline of as ... See all stories on this topic » | ||
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Abdulhakeem Alkhayyat calls for more Sharia compliant short-term liquidity ... AME Info The seminar discussed several topics including the impact of recent events on thebanks in Bahrain; the effects of economic regulations to manage the crisis; how Bahrain can maintain its lead role as the premier financial centre of the region; ... See all stories on this topic » | ||
Ireland's Noonan Says ECB Only Backstop to Prevent Contagion BusinessWeek 2 (Bloomberg) -- The European Central Bank is now the only backstop in the region's debt crisis and it should use a “wall” of money to continue to buy bonds to stop contagion spreading to Italy and Spain, Ireland's finance minister said. ... See all stories on this topic » | ||
Michael Bloomberg: 'It Was Not The Banks That Created The Mortgage Crisis' [WATCH] Huffington Post Former New York Mayor Ed Koch, who was also at the breakfast, took issue with Bloomberg's claim, saying that he wants a major corporate executive to receive a criminal punishment for their actions during the financial crisis, according to The ... See all stories on this topic » | ||
China Money Rate Drops Most in Three Weeks on Cash Injection BusinessWeek “The central bank is trying to prevent a cash shortage as data points to a slowdown,” said Wang in Jinan, the capital city of eastern Shandong province. “The withdrawals and the bond issuance in October took too much capital from the financial market. ... See all stories on this topic » | ||
Britain, Watching Europe, Seeks to Preserve Influence New York Times In some ways, analysts say, Britain has more at stake in the crisis than the other nine members that do not share the euro. Britain, after all, is home to Europe's largestfinancial center, a crucial part of its domestic economy. At the same time, ... See all stories on this topic » | ||
"Move Your Money" and Support the Local Economy truthout Bank Transfer Day is significant because it targets one of the many culprits of thefinancial crisis. Banks will feel the pinch of this collective action since they rely on y(our) deposit account balances to have the capital to make loans which in turn ... See all stories on this topic » | ||
Business Highlights msnbc.com Analysts said the bond action reflected fears that the turmoil in Greece would tear at the fabric of Europe's financial system and create a crisis that could engulf the entire European Union, which together forms the world's largest economy. ... See all stories on this topic » | ||
Starbucks Takes on US Jobs Woes with Loans, Bracelets DailyFinance In 2008, the Opportunity Finance Network estimates that these financial institutions loaned out $5.53 billion to small businesses. While banks claim the demand for small business loans has fallen significantly, Schultz said the numbers on the ground ... See all stories on this topic » | ||
Economic weakness creeps into Midlands Omaha World-Herald Analysts said the bond action reflected fears that the turmoil in Greece would tear at the fabric of Europe's financial system and create a crisis that could engulf the entire European Union. For the first time in almost two years, an economic ... See all stories on this topic » |
Euro-Area Seeking Crisis-Fighting Cash Faces G-20 Resistance “Euro-zone leaders may be too confident they will receive financial ... One idea is to use the Washington-based IMF as a channel for money for the enlarged ... www.businessweek.com/.../euro-area-seeking-crisis-fighting-c... |
Financial crisis II, in theatres now In the crisis of late 2008 and early 2009, central banks and finance ... They slashed interest rates, pumped money into weak banks, reduced taxes, ... 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= ... Even if it won, it's difficult to see if the IMF will disburse payment [for its ...Andrew Roberts, head of European rates strategy at Royal Bank of Scotland .... 09.50 Away from the eurozone gloom, there's some good economic news for the ... 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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