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| Misdiagnosis has made IMF cavalier with taxpayer money Financial Times Despite financial commitments by the IMF and the European Union to Greece in excess of 30 per cent of that country's gross domestic product, the Greek economy has not been spared from literal economic collapse. Nor has the country been spared from the ... See all stories on this topic » | ||
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| Morning Take-Out New York Times In the halls of the annual meeting of the World Economic Forum here last week, Wall Street's top bankers found curious allies in their battle to end — or perhaps water down — the so-called Volcker Rule, that part of last year's Dodd-Frank financial ... See all stories on this topic » | ||
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| Opportunities for Asia in Europe bank crisis Financial Times That in turn eases the pressure on those banks to shrink their balance sheets by selling assets far from their home markets on the continent. That is good news for Asia as a whole given its dependence on credit to fueleconomic growth, especially since ... See all stories on this topic » | ||
| Record drop in UK consumer credit, money supply Reuters Some economists said it was reassuring that consumers were strengthening their finances by paying down debt at a reasonable rate, given the huge amount of debt Britons' racked up in the run-up to the financial crisis. "There's not an aggressive ... See all stories on this topic » | ||
| Palestinians nix plans for income taxes Jerusalem Post Furthermore, foreign donors who have been facing financial crises of their own, have not come through with promised aid and the Palestinianeconomy has slowed. The International Monetary Fund (IMF) estimates that the economy of the West Bank, ... See all stories on this topic » | ||
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| S.Korea regulator says banks to curb household lending Reuters Data late last year showed South Korean households carried debts of around 1.6 times their annual disposable income, one of the highest ratios among developed economies and exceeding that seen in the United States before the 2008 financial crisis. See all stories on this topic » | ||
| Hong Kong braces for bank job cuts The Australian HONG KONG is bracing for more finance-sector job cuts as Westernbanks, many of which base their regional operations in this business hub, scale back their Asian expansion amid the fallout from Europe's debt crisisand a generally weaker global economy ... See all stories on this topic » | ||
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| 'EU crisis entering chronic phase' RT But with the European Central Bank's mint working flat out, the EU crisis is still deepening, says analyst Johan Van Overtveldt. Monday's half-day summit, again focused on the financial crisis in the European Union, gave the crucial go-ahead to for ... See all stories on this topic » | ||
| Euro-Region Confidence Increases Less Than Estimated: Economy BusinessWeek 30 (Bloomberg) -- Euro-area confidence in the economic outlook improved less than forecast in January as the region's leaders struggled to stamp out a two-year-old financial crisis and revive growth. An index of executive and consumer sentiment in the ... See all stories on this topic » | ||
| MPS January 2012: BB bites the bullet Financial Express Bangladesh The latest Monetary Policy Statement (MPS) from the coffers of BangladeshBank (BB) comes at the worst of times. The global recovery shows signs of petering out with premonitions of an impending crisis in the Eurozone that could engulf the entire world ... See all stories on this topic » | ||
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| UK Mortgage Approvals Rise Less Than Forecast, BOE Says BusinessWeek 31 (Bloomberg) -- UK mortgage approvals rose less than economists forecast in December and consumer credit fell the most on record aseconomic uncertainty amid the euro-area debt crisis undermined household confidence. Lenders granted 52939 loans to ... See all stories on this topic » | ||
| Big four target deposits to offset higher funding costs The Australian NAB chief executive Cameron Clyne this week said each of the big banksfaced a more expensive funding task as debt taken out during the the globalfinancial crisis began to mature this year. "I mean, the reality is we are rolling over, this year, ... See all stories on this topic » | ||
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| Britain strips ex-RBS boss Goodwin of his knighthood Reuters "The failure of RBS played an important role in the financial crisis of 2008-9 which, together with other macroeconomic factors, triggered the worst recession in the UK since the Second World War and imposed significant direct costs on British ... See all stories on this topic » | ||
| Treasury yields keep sliding as Greek debt talks grind on, chafing traders' nerves Washington Post Treasury yields are falling as uncertain negotiations about Greece's debtcrisis revive fears that a financial contagion will upend the global economy. International lenders on Tuesday delayed a meeting with Greece about reducing employment costs. See all stories on this topic » | ||
| Europe signs up to German-led fiscal pact Reuters We are seeking to conclude negotiations with the troika by the end of the week," Papademos told reporters after he and his finance minister met the heads of EU institutions. Until there is a deal, EU leaders cannot move forward with a second, ... See all stories on this topic » | ||
| Foreclosure Crisis Erases Hard-Won Wealth, Dreams Even In Center Of Black ... Huffington Post "Institutional racism and the way businesses have taken advantage of it to make money are absolutely at the root of this crisis," she said. Efforts to expand the number of black and Latino homeowners have also been described as the root cause of the ... See all stories on this topic » | ||
| High Frequency's Weinberg Says Europe Should Shore Up Banks BusinessWeek European leaders should pledge 300 billion euros ($393 billion) for the European Financial Stability Facility to ensure that no European banks fail, Weinberg, founder and chief economist at High Frequency Economics in Valhalla, New York, ... See all stories on this topic » | ||
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| Central Bank Intervention Sydney Morning Herald Many questions often circulate when Central Banks Intervene in FinancialMarkets. This article will walk through the basics of an 'Intervention.' By James Stanley Central bankers are tasked with the role of governing aneconomy in an attempt to ensure ... See all stories on this topic » | ||
| Banker Toasts Wine Award, Pours Money Into South African Farm San Francisco Chronicle Jordaan's organization, the second largest financial group in South Africa, suffered through the 2008 global financial crisis which forced customers to slow debt repayments as the country slid into its first recession in 17 years. See all stories on this topic » | ||
| Wells Fargo Investment Bankers Bringing Buffett-Assisted Revenue BusinessWeek Now, Wells Fargo, which avoided most of the mortgage- related mistakes made by the largest investment banks, is pushing into the business it once shunned, even as rivals facing fickle markets, meager revenues and new restrictions scale back. Financial ... See all stories on this topic » | ||
| The Fed's New Tax on Retirees Forbes The yield on money market funds, CDs, and other fixed income investments will likely remain well below the inflation rate for the foreseeable future. Thisfinancial repression will result in a trillion dollar transfer of real wealth from fixed income ... See all stories on this topic » | ||
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| The Global Stagnation and China Monthly Review Five years after the Great Financial Crisis of 2007–09 began there is still no sign of a full recovery of the world economy. Consequently, concern has increasingly shifted from financial crisis and recession to slow growth or stagnation, causing some ... See all stories on this topic » | ||
| Sparring with Central Banks Reuters Blogs (blog) Accommodative central banks that helped them get there only ended up fueling credit, consumption and housing bubbles and distorting the balance of the economy away from production and into an increasingly bloatedfinancial sector. See all stories on this topic » | ||
| Geithner: US Economy Still Faces Big Challenges Wall Street Daily The US economy is growing between 2% and 3% – but still faces big challenges to repair damage wrought by the financial crisis – while Europe is making progress, said Treasury Secretary, Timothy Geithner, on January 27. “I think it's probably worth ... See all stories on this topic » | ||
| State Attorney Generals Set to Sign Proposed Mortgage Abuse Settlement withBanks KCSG Those details have been in place for months, but the launch of the working group by the Obama administration has made it clear it intends continue to investigate misconduct that fueled the financial crisis. After a series of homeowner lawsuits ... See all stories on this topic » | ||
| Investors kick off 2012 with defensive stance: Reuters polls Reuters In Europe, EU leaders' pledge on deeper economic integration and the European Central Bank's offer of cheap long-term cash in December have encouraged investors to take on risk. "With the euro summit from December 9 and the decisive actions undertaken ... See all stories on this topic » |
| Euro ministers upbeat on Greece, crisis solution German Finance Minister Wolfgang Schaeuble, speaking on the same panel as Rehn, ... Spanish Economy Minister Luis de Guindos said the European Central Bank ... www.reuters.com/.../eurozone-davos-idUSL4E8CR438201201... |
| At World Economic Forum, Fear of Global Contagion Dominates In a riveting address here on Saturday, Hong Kong leader Donald Tsang recalled his place at the epicenter of the Asian financial crisis in the late 1990s, ... www.huffingtonpost.com/.../world-economic-forum-global-fi... |
| 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 Italiannews agency 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... |
| IMF should stay out of the eurozone crisis - FT.com - Financial Times It is not necessary because the eurozone has the financial capacity to help itself. ... Considering that the eurozone is economically unconstrained, and among the richest ... a failure to recapitalise the banking sector after the 2008 financial crisis and ... News reports from Italy suggest that the IMF is about to forecast a two-year ... www.ft.com/.../6ccb8e40-4364-11e1-8489-00144feab49a.ht... |
| European Crisis to Slow World Economy, IMF Says - ABC News European Crisis to Slow World Economy, IMF Says. ... European banks finance a big chunk of that region's exports. Still, the hit to China will be relatively modest: ... abcnews.go.com/.../european-crisis-slow-world-economy-imf-... |
| IMF: EU Debt Crisis Could Hit US Banks, Cause Funding Strains ... The U.S. economy is susceptible to a range of shocks from the euro-zonecrisis, including ... Fox News/Fox Business (Article Page: FoxNews/SBC/Latino/Fox Business) ... The banks need to bulk up to meet newfinancial regulations and protect ... It also didn't account for euro-zone assets held by money-market, pension and ... www.foxbusiness.com/.../imf-eu-debt-crisis-could-hit-us-bank... |
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