 Wall Street Journal WASHINGTON (Dow Jones)--The US economy is susceptible to a range of shocks from the euro-zone crisis, including attacks on the financial sector, the International Monetary Fund warned Tuesday in its Global Financial Stability Report. See all stories on this topic » | ||
| Pandit Pariah No More as US Bankers in Ascendance at Davos BusinessWeek (Updates with IMF forecast in seventh paragraph. See DAVOS for more on the World Economic Forum.) Jan. 24 (Bloomberg) -- Citigroup Inc.'s Vikram Pandit, leader of the US bank that took the most government aid in thefinancial crisis and that has the ... See all stories on this topic » | ||
| Euro zone crisis: War of words over Greek debt heats up Economic Times While the finance ministers of the countries that use the euro as their currency adopted a tough stance on how much rescue money they would pump into the Greek economy, the head of the group that represents the country's private creditors, banks and ... See all stories on this topic » | ||
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| ECB Crisis Measures Helpful But Not European QE- Official Wall Street Journal Greece must receive more financial assistance by March in order to avert a potentially destabilizing default on its debt that could reverberate across Europe. Yet euro zone finance ministers have demurred from approving moremoney for the cash-strapped ... See all stories on this topic » | ||
| Oil Falls as Greek Stalemate Spurs Concern Crisis Will Spread BusinessWeek Futures dropped as much as 1.3 percent after European finance ministers balked at putting up more public money for Greece, calling on holders of Greek debt to provide greater relief. The International Monetary Fund cut its forecast for the global ... See all stories on this topic » | ||
| Federal Reserve to disclose more details on plans for low interest rates Washington Post And several Fed officials have voiced outright opposition to any new stimulative measures, fearful of sparking inflation or new financial bubbles. Chairman Ben S. Bernanke has said the central bank's approach strikes the right balance, ... See all stories on this topic » | ||
| Where Has All The Money Gone, Part II - Finance Sector Business Insider Here, Paul Krugman calling the whole operation A Giant Scam, quotes Andrew Haldane, Executive Director, Financial Stability, Bank of England: In fact, high pre-crisis returns to banking had a much more mundane explanation. See all stories on this topic » | ||
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| Emerging-Market Stocks Retreat on Greek Debt Deal Deadlock BusinessWeek Finance ministers meeting in Brussels yesterday balked at putting up more public money for Greece, calling on bondholders to provide greater debt relief in order to point the way out of the two-year-old debt crisis. An accord with bondholders is ... See all stories on this topic » | ||
| Looming economic storm? South Asian News Agency Two, the bulk of the State Bank reserves is borrowed money including roughly $8 billion from an IMF loan. Three, and more substantively, the calculation that a 'comfortable' level of reserves will hold through the year rests on precarious ground. See all stories on this topic » | ||
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| Rescue Fund 'Combo,' Sino-Forest Halt, Pace: Compliance BusinessWeek Such a step would boost Europe's unspent crisis-fighting capacity to around 750 billion euros. On top of that would come 150 billion euros pledged by euro-area central banks to the International Monetary Fund. European Union financeministers reached a ... See all stories on this topic » | ||
| Is it Time to Fight the Fed? Moneyshow.com When interest rates are headed down and the money supply is headed up, most of the time stocks head up, too. Not always, of course, since the Fed itself can get overwhelmed by a global financial crisis here or a Eurozone debtcrisis there, ... See all stories on this topic » | ||
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| The Wages of Failure at Financial Companies Motley Fool In a recent interview for Money Magazine, bank analyst Mike Mayo points to research that shows that average CEO pay at financial companies rose from $5 million per year in 1998 to approximately $12 million per year in 2010. During that time, the share ... See all stories on this topic » | ||
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| Morning Take-Out New York Times BLOOMBERG NEWS European Bank Chiefs Stay Home | Urgent matters like the Continent's debt crisis are keeping some banking chiefs away from Davos, The Financial Times reports. Among those staying home are Jean-Laurent Bonnafe, the new chief executive of ... See all stories on this topic » | ||
| What are bankers doing inside EU summits? New Europe (blog) The Council told CEO that these discussions were also attended by Troika representatives (ie, from the European Commission, the European CentralBank and the International Monetary Fund), as well as by the president of theEconomic and Financial ... See all stories on this topic » | ||
| UK Banks Should Pay Lower Bonuses to Mend Finances, Clegg Says BusinessWeek “If it was left up to me, and probably up to you, and probably up to many people watching this program, we wouldn't have any bonuses, particularly in the state-owned banks while they are still being repaired” after the financial crisis, Clegg said in a ... See all stories on this topic » | ||
| AA+ Is the New AAA as Investors Ignore Rating Cuts: Euro Credit San Francisco Chronicle The European Central Bank also is said to have bought the bonds of nations such as Italy, Spain and Portugal to bring down borrowing costs. The Bloomberg European Financial Conditions Index rose to minus 3.4 percent yesterday, the highest level since ... See all stories on this topic » | ||
| Banking and Finance : Is A Credit Card Debt Relief Program An Option For Me SkyNewswire.com These programs have existed in the markets for a long period of time but they actually came into the lime light after the recent wave of economic crisis and uncertainty arrived. A person can get started by examining a credit card debt relief process ... See all stories on this topic » | ||
| Israel seeks to turn gas to gold San Francisco Chronicle The returns from those investments — not the principal — would then be channeled into the local economy for purposes like education. It would also further stimulate an economy that was able to weather the worst of the globalfinancial crisis in 2009, ... See all stories on this topic » | ||
| Lagarde urges Europe to boost growth and firewalls Boston.com Lagarde, a former French finance minister, suggested that some of the stronger economies in the eurozone could deal with their own debts in a less aggressive way so they can shore up economic growth. “Several countries have no choice but to tighten ... See all stories on this topic » | ||
| Better Banking Huffington Post (blog) "Unless banks can better demonstrate their usefulness to society, they face a debilitating battle against new regulation," John Gapper wrote in the FinancialTimes last week. His analysis of "capitalism in crisis" presented some shocking numbers. See all stories on this topic » | ||
| Strong Aussie dollar takes its own toll ABC Online While a strong Australian dollar seems a good economic indicator, it is impacting negatively on exporters and putting strain on local industry. HEATHER EWART, PRESENTER: It was dubbed 'the envy of the world' after the global financial crisis, ... See all stories on this topic » | ||
| 2012 Economic Forecast from UMD Business Faculty MarketWatch (press release) This is however tempered by the strained global financial markets and continued uncertainty in Europe, which have the potential for significant downside risk to the economy. If these risks are mitigated, we can expect a bounce back in consumer spending ... See all stories on this topic » | ||
| Saudi Arabia says no cash from emerging economies until given more clout Business Recorder (blog) Much of his criticism echoed comments by officials in China, another emergingeconomy that is being asked to help fight the global financial crisis. Oman's central bank governor told Reuters last week that his country was prepared to increase its ... See all stories on this topic » | ||
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| George Soros Talks of Economic Collapse in the West The New American According to Soros, there are several routes the looming crisis could take — but none of them is good. “The best-case scenario is a deflationary environment,” he said. “The worst-case scenario is a collapse of the financialsystem. See all stories on this topic » | ||
| 5 Above-Average S&P Dividends With Room to Grow DailyFinance Huntington Bank is considered one of the stronger regional banks, recovering throughout 2011 from damage from the 2009 financial meltdown. While its current dividend is nowhere near where it was pre-crisis, its low current price keeps its yield near 3% ... See all stories on this topic » | ||
| The Markets or the Mattress: I Know Where My Money is Going Money Morning It was the world's first truly international financial crisis and, by many measures, actually far worse than what we're dealing with now. Things were so bad that more than 18000 businesses closed, sending unemployment soaring to 14%. See all stories on this topic » | ||
| EU lawmakers want bank buffers for sovereign debt Reuters "We do not support any sudden change to the zero-risk weighting of sovereign bonds," German Finance Minister Wolfgang Schaeuble said in Brussels. Basel III extends the current practice of not requiring lenders to set aside capital for sovereign debt ... See all stories on this topic » | ||
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| Trillion dollar bazooka and $2200 gold Stockhouse Inevitably, that has brought about a knock-on downgrade by S&P of the Eurozone's European Financial Stability Facility (EFSF), Europe's own rescue fund. So now we're dealing with news that the International Monetary Fund (IMF) is looking to boost its ... See all stories on this topic » | ||
| About Charles Sizemore MarketWatch The bursting of the country's 1980s credit, stock market and real estate bubble would have wreaked more than enough havoc on any economy. But on top of the normal debt deflation that would follow the bursting of a financial bubble, Japan adds the worst ... See all stories on this topic » | ||
| Australian Dollar Drops From 12-Week High Before Inflation Data BusinessWeek Losses in the South Pacific nations' currencies were limited on optimism European Union finance ministers meeting in Brussels are making progress in resolving the region's debt crisis, supporting demand for riskier assets. “Without the pressure of ... See all stories on this topic » | ||
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| Italian twist in euro-zone debt spat Sydney Morning Herald The delay in acting to help Greece in early 2010 undermined financial market confidence in the 17-nation single European currency, which has still not been wholly restored, and raised the cost of the eventual rescue. But it's not all deja vu, ... See all stories on this topic » |
| IMF: EU Debt Crisis Could Hit US Banks, Cause Funding Strains WASHINGTON (Dow Jones)--The US economy is susceptible to a range of shocks from the euro-zone crisis, including attacks on the financial sector, ... online.wsj.com/article/BT-CO-20120124-709063.html |
| IMF slashes global forecast on eurozone crisis, with drastic falls in ... Italy's economy will contract by 2.2pc and Spain's by 1.7pc, the IMF said, ...euro area crisis, supporting growth," said the draft, obtained by the Italian newsagency ANSA. ... The extent of financial chaos in Italy was again laid bare by a report that ... central bank opened its doors offering cheap three-year money in December, ... www.telegraph.co.uk/.../IMF-slashes-global-forecast-on-euroz... |
| A Reformed IMF Deserves More Money, Though Not for Europe ... BREAKING NEWS: RIM Replaces CEOs as it Struggles to Answer Apple ...Europe's management of its economic crisis has been lamentable, and the costs of this serial ... The reason is that the IMF, unlike a central bank, can't print money. mobile.bloomberg.com/.../a-reformed-imf-deserves-more-mo... |
| Australian banks to undergo mandatory stress tests by IMF ... Australia's banks will endure mandatory stress tests imposed by theInternational Monetary Fund (IMF) to ensure they can withstand anotherfinancial crisis. tvnz.co.nz/business.../imf-stress-test-australian-banks-4690291 |
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