 Reuters And Bo Lundgren, the fast-talking politician and financial official known as "Mr. Fix It," who then helped rescue Sweden from its worst crisis since the 1930s, says history lessons are being forgotten. Quick moves over failingbanks, ... See all stories on this topic » | ||
| Morning Take-Out New York Times But the loudest response came from critics like Wall Street trade groups and banks, who want to soften the rule, saying it was a threat to the health of the financial industry and the broader economy. DealBook » The Volcker Rule and the Costs of Good ... See all stories on this topic » | ||
| Luxembourg Finance Minister: Greek Euro Zone Exit Possible Wall Street Journal Many economists warn a disorderly default would force a severe recession in Europe and create a new global financial crisis. But Frieden said a default might actually be helpful for Greece as its debt levels mount: "It might be something which would ... See all stories on this topic » | ||
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| European Banks Lose Trading Share to US as Crisis Cuts Revenue BusinessWeek 14 (Bloomberg) -- The biggest US banks captured the highest share of global trading revenue in at least two years as their counterparts across the Atlantic reduced risk in the fourth quarter amid a worsening sovereign-debtcrisis. See all stories on this topic » | ||
| Edward DeMarco: The Ideologue Who's Holding Homeowners -- and the Economy... Huffington Post Meet Edward J. DeMarco, the "Secretary Rainbow" of America's housingcrisis. It's 2012. Irresponsible banking actions devastated the economy, driving millions out of their homes and leaving Americans with three-quarters of a trillion dollars owed to ... See all stories on this topic » | ||
| Scottish Widows Investment Bets on US With Wells Fargo BusinessWeek 13 (Bloomberg) -- Scottish Widows Investment Partnership bought shares of US banks and consumer-related companies on signs the world's largesteconomy will sustain its recovery as Europe struggles to contain a debtcrisis. See all stories on this topic » | ||
| Obama budget: Price tag for Wall Street bailout goes up Washington Post In 2011, the administration put the cost of the government's financialrescue at $28 billion. Now, it's expected to reach $54 billion. The proposed “Financial Crisis Responsibility Fee,” which would charge big banks $61 billion over 10 years, ... See all stories on this topic » | ||
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| Debelle Defends RBA Cash-Rate Sway in Economy After Bank Split BusinessWeek “I don't think that changes the effect of monetary policy on the economymuch at all,” Debelle, who oversees financial markets, said in response to questions at a Bloomberg conference in Sydney today. “When we move interest rates, it's still going to ... See all stories on this topic » | ||
| Britain's top rating looks set to survive despite threat Reuters By Matt Falloon and Sven Egenter | LONDON (Reuters) - Britain's top-notch credit rating is expected to survive the threat of a downgrade because of the government's resolve to erase a huge budget deficit and the central bank'sability to print money. See all stories on this topic » | ||
| Stability is fragile in post-crisis Belarus Kyiv Post MINSK - Belarus, which signalled this month it had overcome its worstfinancial crisis in a decade, may be at risk of triggering another if po pulist policies again take precedence over economic s in the run-up to a parliamentary poll . See all stories on this topic » | ||
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| Frederick the Great and the euro crisis Campden FB Louis XV's France, very much on the losing side, was set on a trajectory which led to financial crisis and revolution. Prussia's Frederick the Great, with Britain, won the war. But that did not stop Federick worrying about the mountain of debt he had ... See all stories on this topic » | ||
| Sovereign policy response to Moody's downgrade vital to markets – BSP's Tetangco GMA News Markets are monitoring the short-term impact of the downgrade, including social unrest in some European countries, and the long-term impact toward resolving euro debt crisis, the central bank noted in a text message to reporters. See all stories on this topic » | ||
| Should Apple Become a Dividend Payer? Forbes In part one of our interview with fund manager and advisor Oliver Pursche, he discussed how his firm, Gary Goldberg Financial Services, sees the European crisis unfolding. In part two, he talks about sectors to avoid, and whether Apple (AAPL) should ... See all stories on this topic » | ||
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| Kazakh c.bank cuts rates as inflation dips Reuters The bank cut its key refinancing rate by 50 basis points to 7.0 percent after inflation in Central Asia's largest economy slowed to an annualised 5.9 percent in January. That was its lowest level since November 2009 and sharply down from December's 7.4 ... See all stories on this topic » | ||
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| Stocks Retreat in Thin Trading, Led by Banks CNBC.com Stocks eased off their worst levels Tuesday, but were still under pressure after a weaker-than-expected retail sales report as investors remained cautious over the ongoing euro zone debt crisis. The Dow Jones Industrial Average was lower, ... See all stories on this topic » | ||
| China's Stocks Drop Most in a Week on Europe, Economic Concerns BusinessWeek Shanghai Pudong Development Bank Co. and China Citic Bank Corp. slid at least 0.9 percent, pacing a retreat for financial stocks, on speculation tight credit will hurt profit. Guangzhou Hongli Opto-electronic Co. advanced to the highest this year after ... See all stories on this topic » | ||
| The not-so-secret life of Swiss private banking Financial News Perhaps most importantly at this time the Swiss private banking system has seen recent net inflows of assets under management as it is perceived as a safe haven in the current financial crisis due to the financial stability of Switzerland, its currency ... See all stories on this topic » | ||
| UK inflation rate drops to 3.6 percent DailyFinance "The unwelcome combination of sluggish growth and high inflation over the past two years is a reflection of the need for the economy to rebalance following the financial crisis and associated deep recession, together with rises in the costs of energy ... See all stories on this topic » | ||
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| The Divine Right of Money CounterPunch The bailout of the banks arranged by Bush's Treasury Secretary and former Goldman Sachs chairman, Henry Paulson, and Washington's failure to indict any banksters for the fraud that contributed to the financial crisis, are evidence in support of the ... See all stories on this topic » | ||
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| Written Testimony of Secretary Geithner Before the Senate Finance Committee on... Benzinga Three years after the worst financial crisis since the Great Depression, our economy is gradually getting stronger. The decisive actions we took to combat the financial crisis, combined with the President's policies to restart job growth and support ... See all stories on this topic » | ||
| How to Ruin Your Economy and Influence People Daily Reckoning - Australian Edition When it comes to messing up an economy, they're Numero Uno. They're Olympians of financial legerdemain and masters of the old false shuffle. In 2001, the country was deeply in debt. The government was out of money. And the currency was losing value ... See all stories on this topic » | ||
| Ex-Citigroup CEO Reed Says Volcker Rule Needs 'Severe Penalties' BusinessWeek The letter from Reed, 73, was among comments filed with regulators yesterday they finalize the Volcker rule, which bans banks that accept deposits from trading with shareholder funds as part of a plan to avert another financial crisis. See all stories on this topic » | ||
| Rizal Bank Buys Philippine Developers Shares on Rate Outlook BusinessWeek 14 (Bloomberg) -- The Philippines's fourth-biggest lender is buying shares of the nation's real-estate developers as the central bank may lower interest rates further to boost economic growth. “The current interest-rate environment is quite favorable ... See all stories on this topic » | ||
| Futures Outlook Inside Futures Yes on European debt crisis and perhaps China, but not on oil prices The US and global economy in our view is close to turning the corner. If Eurozone and Greek officials can get a Greek debt swap deal done and approve a second bailout package within ... See all stories on this topic » | ||
| Speculators Lift Wagers to Highest Since September: Commodities BusinessWeek “The improving economic data, not just in the US, we've seen better data in Europe as well, has put recession fears on the back burner,” said Anthony Valeri, a market strategist with LPL Financial in San Diego, which oversees $330 billion of assets. See all stories on this topic » | ||
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| Insight: Post-election hangover looms for Venezuela economy Reuters Using windfall oil revenue to finance quickly-launched social campaigns has, though, proved less effective in stopping Venezuela's horrific rise in violent crime, or an electricity crisis that led to chronic blackouts in 2010. See all stories on this topic » | ||
| Foreclosure crisis: The case for common sense Mail Tribune Avoiding foreclosure often makes financial sense for the investor but, as recent studies have pointed out, the servicer may collect more money by dragging a foreclosure out instead of finding a reasonable solution. Add to this the fact that mortgage ... See all stories on this topic » | ||
| Sarkozy to enter election race Wednesday Reuters Credit rating agency Moody's warned late on Monday that it could follow Standard & Poor's in removing France's AAA rating, as it downgraded six other European nations and cited growing risks from the debt crisis.Finance Minister Francois Baroin ... See all stories on this topic » | ||
| Home, auto and personal loans see sharp fall in growth Livemint The RBI mortgage data, however, does not include home loans disbursed by finance firms. Economists attributed the sharp fall in credit to successive rate increases by the central bank that have hampered demand in the economy by making money costlier ... See all stories on this topic » | ||
| Fearful Irish Bankers Will Sidestep Armageddon, Shatter Says BusinessWeek Lenders handed out 623 million euros ($827 million) of home loans in the third quarter, according to the Irish Banking Federation. They lent 11 billion euros in the same period five years earlier, the height of the boom. “What our financial ... See all stories on this topic » | ||
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| ECB's Draghi shuns rate cuts, boosts bank bazooka - Telegraph "We are less pessimistic than the IMF, certainly," he said, insisting that ... It warned of a dangerous downward spiral if Europe's debt crisis is allowed to ... that the economy will pull through: we think the IMF is right and the ECB will ... on unlimited three-year credit to banks to shore up the financialsystem and .... Today's News ... www.telegraph.co.uk/.../ECBs-Draghi-shuns-rate-cuts-boosts-b. |
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