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| 65% Chance of Banking Crisis in November: Think Tank CNBC.com ... announces it cannot meet financial targets putting its bailout cash from the IMF and ECB at risk. “Increased fear that these economies will default creates bank runs in Greece and Portugal and a downgrade of French sovereign debt from AAA to AA. ... See all stories on this topic » | ||
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| Why Italy's economy matters to the US CBS News Mounting concern among investors about the two-way relationship between sovereign and financial risks, and about prospects for policymakers to craft a convincing and durable crisis resolution framework in the euro area. Without significant progress ... See all stories on this topic » | ||
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| China's senior banker wants IMF reform before EU aid EurActiv Whether that would reassure China and other emerging G20 economies as well to invest in the European Financial Stability Facility, the eurozone bailout fund, Duo did not want to speculate, but said he was confident the EU would solve its debt crisis on ... See all stories on this topic » | ||
| Schaeuble Said to Say Italy Should Seek EFSF Aid If Needed San Francisco Chronicle For more on the debt crisis, see EXT4}.) Nov. 9 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble told lawmakers that Italy should request aid if it needs it from the European Financial Stability Facility, two people present at the meeting in ... See all stories on this topic » | ||
| ECB's Stark Calls For Fiscal As Well As Financial Union In Europe Wall Street Journal We need to go beyond and create a financial union. In one word, the crisis has clearly shown us that we need 'more Europe,'" Stark said in a speech at a conference organized by the European Money and Finance Forum, or SUERF. ... See all stories on this topic » | ||
| Open the taps, Carney warns Toronto Star Carney likely wanted to set the tone for his tenure with the Financial Stability Board. Warning of a major risk to the world economy is a pretty good way to do it, says Leslie Levesque, senior economist with IHS Global Insight, a US-based economics ... See all stories on this topic » | ||
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| Merkel Calls for 'New Europe' as Italy Teeters at Breaking Point NewsMax.com Christine Lagarde, head of the International Monetary Fund, told a financial forum in Beijing that Europe's debt crisis risked plunging the global economy into a Japan-style "lost decade." "Our sense is that if we do not act boldly and if we do not act ... See all stories on this topic » | ||
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| Osborne - the banks' protector Morning Star Online Osborne's refusal to consider the tax is based on the usual scare story of banks taking flight to avoid it. But it is more likely that banks would have to concentrate on financialactivities that were more conducive to economic growth than their ... See all stories on this topic » | ||
| Zorba - Less Dancing, More Work Huffington Post (blog) Greece's financial and political crisis has infected Europe and threatens to ignite abanking crisis as destructive and dangerous as the 2008 collapse of Wall Street's Lehman Brothers. It's very sad to see this disaster. For me, Greeks are delightful ... See all stories on this topic » | ||
| ALEX BRUMMER: Euroland's problems are an arrow pointing at our banking system This is Money Less satisfying has been government stewardship albeit one step removed at UKFinancial Investments. A prolonged financial crisis does not appear to have calmed excess at Royal Bank of Scotland and Lloyds. At RBS back pockets already are being filled ... See all stories on this topic » | ||
| Eurozone lessons Trinidad & Tobago Express The sixth lesson is that the Eurozone crisis is a banking crisis in the making. One of the fundamental tenets of the Basle Accord which sets out capital adequacy rules forfinancial institutions is that OECD sovereign bonds are risk-free. ... See all stories on this topic » | ||
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| Middle class pays for financial market mistakes The Korea Herald At one level, all financial crises are the same. A relatively small group of people, typically bankers, find the opportunity to take very big risks. For a while, financiers show high profits, justifying rising stock prices for their companies and large ... See all stories on this topic » | ||
| Canada Stocks Fall as Concern About Italy Sends Crude, Copper Prices Down Bloomberg The outlook for economic growth continues to deteriorate as the financial crisiscontinues.” The S&P/TSX is set to underperform the S&P 500 for the first year since 2003 as most major raw materials have declined. Energy and raw-materials companies make ... See all stories on this topic » | ||
| Danish Banks Face Funding Relief as Bail-In Isolation Ends BusinessWeek 1 reported its first net loss since the height of the financial crisis in 2009 and said it will cut 2000 jobs in an effort to adapt to a tougher business climate. Standard & Poor's lowered Denmark's Banking Industry Country Risk Assessments level to ... See all stories on this topic » | ||
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| Europe's Hangover Gold Seek The money is going to Greece. This is a test of the north's willingness to supply themoney to banks by way of the Greek government. The northern nations are using the European Financial Stability Facility to do this. But this has proven insufficient ... See all stories on this topic » | ||
| It's Simple: You're Either For the Bank Tax or You're For the Banks Huffington Post But the best thing about this tax might not even be the money. The best thing about it is that it just might help prevent the next financial crisis. This tax helps the public ask its leaders a simple question: Are you for the banks, or are you for us? ... See all stories on this topic » | ||
| Macedonia Accepts World Bank-Backed Citi-Deutsche Bank Loan BusinessWeek 9 (Bloomberg) -- Macedonia will accept a 130 million- euro ($177.3 million) loan from Deutsche Bank AG and Citibank, backed by a World Bank guarantee, to finance its 2012 budget gap. The World Bank guarantee helped the former Yugoslav republic “obtain... See all stories on this topic » | ||
| Ackman to Lose 'Lot of Money' on Hong Kong Bet, Tsang Says San Francisco Chronicle Tsang fended off a speculative attack to weaken the Hong Kong dollar and break the peg when he was finance secretary during the Asian financial crisis in 1998, a policy that involved $15 billion of stock purchases and proved profitable for the city. ... See all stories on this topic » | ||
| US Bank Default Swaps Increase on Italian Contagion Concern BusinessWeek ... demand more money to back trades in the bonds, further squeezing banks. “There is a risk of contagion that sits there in the financial sector,” Scott MacDonald, head of credit and economic research at Aladdin Capital Management LLC in Stamford, ... See all stories on this topic » | ||
| Emerging Stocks Rise on China's Easing Inflation, Berlusconi BusinessWeek 9 (Bloomberg) -- Emerging-market stocks rose for a fourth day, led by financial and commodity shares, as China's inflation slowed and a pledge by Italy's prime minister to resign eased concern Europe's debt crisis will worsen. The MSCI Emerging Markets ... See all stories on this topic » | ||
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| To Save The Euro Germany Must Print Money Forbes Greece's problems are already old news, writes Clem Chambers, CEO of financialinformation site ADVFN.com, and author of “101 Ways to Pick Stock Market Winners”. A new chapter of the crisis has just begun and it is about Italy. ... See all stories on this topic » | ||
| Italian president promises Berlusconi will go soon, tries to calm panicking ... Newser European officials find themselves in a quandary as they try to come up with an effective backstop for indebted countries, one with enough financial muscle to support the eurozone's No. 3 economy. European governments decided last month to increase the... See all stories on this topic » | ||
| Special Report: The congressman with banks on the side Reuters But he did say that he had voted against TARP because he considered it a mistake to give large amounts of taxpayers' money to the largest financial institutions "while ignoring the rest of our nation's financial system." (Reporting By Scot J. Paltrow) ... See all stories on this topic » | ||
| Italy's President: Berlusconi to Go, Reforms to Pass NewsMax.com Italy needs to pass the additional austerity measures and structural reforms pledged by Berlusconi to world leaders at an economic summit last week. Any delays in thefinancial reforms or in establishing a new, stable Italian government spook the ... See all stories on this topic » | ||
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| It's Not Too Late To Short Financials Seeking Alpha I remain bearish on the financial sector due to its exposure in sovereign debt, the slowing global economy, and fading confidence in the banking system by both thefinancial community and on the individual level. The primary downside anchor that will... See all stories on this topic » | ||
| Greece and Corzine: Fixing What Hasn't Been Fixed Business Insider You're looking to find ways to bet, to put money where returns are high and liquid. Since you aren't a long-term investor, the idea is to get in and get out, quickly, benefiting through financial speculation. This isn't putting money into businesses ... See all stories on this topic » | ||
| Norway Oil Fund Should Buy Europe Assets in Slump, Adviser Says BusinessWeek The 15-year-old fund lost a record 633 billion kroner in 2008, when a financial crisiserupted following the collapse of Lehman Brothers Holding Inc. It then responded to the rout by increasing its stock holdings, helping to post a 26 percent return in ... See all stories on this topic » | ||
| Did Dodd-Frank Act End “Too Big To Fail”? Wall Street Pit At each of them, I have informally polled a range of colleagues studying monetary andfinancial economics to find out if they believed that the above process has any chance of working as described. I specifically ask them if they believe that the FDIC ... See all stories on this topic » | ||
| "A puritanical approach to inflation cannot be maintained against the backdrop ... FXstreet.com President Draghi's opening move is an admission by the policy authority that financialand economic conditions are tremulous and a puritanical approach to inflation cannot be maintained against the backdrop of crisis. I would say that Trichet's hold ... See all stories on this topic » | ||
| Will the Financial Industry Lead the U.S. to Green? Environmental Expert (press release) To my knowledge the printing of money does not have a large carbon footprint. Whilebanks and all office-based enterprises can be made more energy and paper-efficient, saving significant expense, it won't save the world. But in reality the financial ... See all stories on this topic » | ||
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| Eurozone Banks Boost Capital by Redefining Risk AdvisorOne In a Bloomberg story, Adrian Blundell-Wignall, deputy director of the Organization forEconomic Cooperation and Development's financial and enterprise affairs division in Paris, called the ratio of core capital “meaningless” and said, “By allowing ... See all stories on this topic » | ||
| Move Your Money Day a Success; Over $50 Million Withdrawn From Big Banks AlterNet Around the country, in groups and individually, Americans voted with their dollars this week to move away from the banks that caused the economic crisis. Sign up to stay up to date on the latest News & Politics headlines via email. ... See all stories on this topic » |
| Greece crisis: Greeks pull saving from banks | Economy | News ... Fearful Greeks have withdrawn savings from banks over the past week because of a deepening political crisis. 'We got to the point ... Rona under pressure from economy, but rivals 'in difficulty' to help: CEO ... Latest Personal Finance Headlines Feed ... “Many people withdrew their money from banks on Thursday and Friday and money couriers had a hard time supplying banks with cash to satisfy the emergency demand,” said another banking source, who declined to be named. ... FP Top Stories List |
| Harper says no Canadian money for European bailout - World ... Major StoriesIn The News ... The financial crisis facing Greece and other countries, including Italy, was the key issue at the meeting. ... to pump more money into theInternational Monetary Fund that could, in turn, be used to fund the ... remains critical to restoring confidence and growth in the global economy," Harper added. ... www.cbc.ca/news/world/.../g20-imf-italy-greece-financial.html |
| Berlusconi brushes off debt crisis - FT.com - Financial Times ... on Friday that he had refused the offer of an International Monetary Fund loan to ...EU Economy. News; Quotes ... Money Matters · Top Tips ... traders that the European Central Bank was purchasing Italian bonds to try to drive yields down. ... with the deliberations in Cannes told the Financial Times that Italy had urged to ... www.ft.com/.../872b9294-070a-11e1-8ccb-00144feabdc0.ht... |
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