 Public Radio International PRI He is accused of not doing enough to ensure the financial stability of Icelandicbanks that collapsed and dragged down the rest of the country with them. He said before a special tribunal Monday that his conscience was clear. It wasn't his fault, ... See all stories on this topic » | ||
| Did The Fed Help Banks While Ignoring The Risks? NPR Since the financial crisis of 2008, the Federal Reserve has shrugged off warnings and let the largest US financial firms pay tens of billions of dollars in dividends to shareholders, instead of putting aside money as capital in case a new financial ... See all stories on this topic » | ||
| Five Financial Reforms That Would Prevent Crises and Promote Prosperity Forbes He assigned special blame to bankers and the financial sector for having “no memory of extreme crisis” and “no memory of what can happen when a nation allows huge amounts of risk to build up outside of the safeguards alleconomies require. See all stories on this topic » | ||
| Greece's Crisis: Shifting from financial to political EurActiv While Greece struggles to prevent a default on its national debt, Europe is preparing for any potential fallout that could transform a financial crisis into a political one, argues Strafor. Stratfor is a global intelligence and security company. See all stories on this topic » | ||
| Participation in Greek Bond Swap Seen Falling Short Wall Street Journal See economic, political and markets news from across Europe as governments and financial institutions deal with the continuing debt crisis. On Monday, the planned swap got the backing of 12 out of 13 members the Institute of International Finance's ... See all stories on this topic » | ||
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| Iceland's ex-PM refuses to take blame for financial meltdown as trial begins The Independent For many, Geir Haarde is the villain responsible for the disastrous 2008financial implosion from which Iceland is still recovering. But yesterday at his trial, the island's currently disgraced former-Prime Minister flatly rejected all such charges ... See all stories on this topic » | ||
| Iceland's ex-PM tells court he is innocent in financial crisis trial Bangor Daily News ... his country's economy from financial shocks, as he took the stand in the first criminal trial of a world leader to result from the 2008 financial crisis. Geir Haarde said neither he nor financial regulators knew the real state of Icelandicbanks' ... See all stories on this topic » | ||
| Economic and Financial Market Assumptions are Getting Very Ugly The Market Oracle We are now just over two months into that oft-dreaded year of 2012, and theeconomic and financial projections/assumptions by public and private institutions across the world have noticeably worsened. These are the same institutions (ie politicians, ... See all stories on this topic » | ||
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| World economy faces more crises gulfnews.com By Babu Das Augustine, Deputy Business Editor Dubai: The world economy is nowhere near to achieving stability, but could face more violent business cycles, largely resulting from government intervention in financial markets, said Marc Faber, ... See all stories on this topic » | ||
| Despite Another Engineered Sell-off in the Gold Market, Nothing has Changed ... International Business Times However, this trend quickly reversed when US Fed Chairman, Ben Bernanke gave his testimony to the House Financial Services Committee to Congress, last Wednesday. For several weeks, the Greek debt crisis was the main focus of global markets, ... See all stories on this topic » | ||
| Europe strengthens fiscal ties KXLY Spokane The fiscal pact was signed on day two of a summit in Brussels, where a more difficult decision on the size of Europe's financial firewall was delayed. Leaders welcomed steps Greece has taken to qualify for more bailout money, but they stopped short of ... See all stories on this topic » | ||
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| Major investors OK Greece debt deal The Desert Sun The statement from the Institute of International Finance comes amid concern that not enough investors will voluntarily swap their Greek government bonds for new ones with a much lower face value, longer repayment deadlines and lower interest rates. See all stories on this topic » | ||
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| The Washington Post Gets Out Extra Whitewash for Piece on the IMF and Greece Business Insider This led to two decades of dismal economic growth and weak progress on social indicators like health care and education measures. The "rescue" of East Asia following its financial crisis was especially onerous. As a result of the harsh conditions ... See all stories on this topic » | ||
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| Local credit-rating firm has different take from the big three Philadelphia Inquirer ... agencies like Moody's Investor Service, Standard & Poor's, and Fitch Ratings, are trying to live down their pasts, in which they underestimated the perils of too much housing and mortgage derivative debt and abetted thefinancial crisis of 2007-08. See all stories on this topic » | ||
| The Mainstream Media Still Doesn't Get The ECB Greek Debt Swap Seeking Alpha ... roughly ALL of their exposure to Greece to new bonds that will not losemoney during a restructuring or default. The message here is clear: all private investor sovereign bond holdings are now subordinate to those of the CentralBanks/ the IMF. See all stories on this topic » | ||
| Greek bank deposits slump by $112b New Zealand Herald Greeks have pulled their money out of the banks, leaving them with little to lend. Photo / AP Bank deposits in Greece have fallen by 70 billion euro ($NZ112 billion) since the start of the crisis in 2009, the finance minister said yesterday, ... See all stories on this topic » | ||
| Gripes about banks up 21% in S. Fla. Palm Beach Post "We are the ground zero of the housing crisis, and many people still have issues with loan modifications, foreclosures and working with banks." In all, customers lodged 1231 complaints with the state against Florida financialinstitutions in 2011, ... See all stories on this topic » | ||
| Jim Flaherty could spend on jobs and still meet deficit targets CTV.ca There are those who will say Canada's finance minister should put every extra penny he can find toward cutting the deficit. To which I'd say that Jim Flaherty is in an enviable position, and could use his found money to bring down unemployment and ... See all stories on this topic » | ||
| Why Big Money Is Turning to China Moneyshow.com In the new "paranormal" market (see my column "5 rules for an 'X-Files' market"), global cash flows count more than economic or company fundamentals. At least in the short term. Italian banks are up—such as country's biggest, UniCredit SpA (UNCFF), ... See all stories on this topic » | ||
| Shiller: Finance Isn't as Amoral as It Seems (Part 2) BusinessWeek (blog) A whole economic system can take as given certain assumptions -- for example, the belief, held during the years before the current financial crisis, that home prices never fall. To doubt it would have caused cognitive dissonance for millions of people ... See all stories on this topic » | ||
| Nigeria: IMF, S&P Reports acknowledge progress not stability GroundReport by Afripol March 05, 2012 Nigeria's macroeconomic stability and bankingsector are potentially sound as suggested by reports coming respectively from the International Monetary Fund (IMF) and influential credit agency Standard and Poor's (S&P). See all stories on this topic » | ||
| Minister predicts soft landing scenario if 4 pct growth achieved Today's Zaman Finance Minister Mehmet Şimşek on Monday said if Turkey maintains 4 percent growth in 2012, a soft landing for the economy would be achieved. Speaking at a conference held at Marmara University in İstanbul, he said the world economy lost steam due to ... See all stories on this topic » | ||
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| World markets slide on worries of slower economic growth in China, Greek debt ... GlobalNews.ca On Monday, the banking group leading negotiations on behalf of the creditors said that 12 of the largest investors have committed to participating in the plan. The Institute of International Finance said the investors who pledged to participate include ... See all stories on this topic » | ||
| ECB money injection not a reason for optimism Gold made simple News If so, you must believe that we can solve any economic problem by throwing freshly printed money at it. Even problems that are evidently the result of previous periods of 'easy money'– such as overstretched and weak banks. The ECB this week allotted ... See all stories on this topic » | ||
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| ECB cash palliates crisis but drives up oil price Reuters Blogs (blog) Financial markets are buoyant because central banks have made them so. The list is long: two rounds of quantitative easing in the United States, further QE in Japan, a third round of QE in the UK – and now a 360 billion euro ramping up of the ECB ... See all stories on this topic » | ||
| What the Greek Rescue is Really About Business Insider In economic terms, Greece doesn't matter. Its lack of growth or economiccompetitiveness shouldn't be factors that can destroy Europe's 13-year single currency experiment. Yet, Greece obviously does matter; otherwise the European financial markets ... See all stories on this topic » | ||
| London's Financial Institutions: A Beginner's Guide Londonist Insurance is another integral part of London's financial history yet less well-reported then the stock market and banking. It also began with coffee, specifically in Lloyds Coffee House, but instead of rude stockbrokers, the building was frequented by ... See all stories on this topic » | ||
| GOP Lawmaker Unveils New Effort to Rein in Fed The New American During the financial crisis, the Fed took a range of highly controversial actions including purchasing trillions of dollars in assets and well over $1 trillion of mortgage-backed securities, manipulating markets, bailing out foreign banks,... See all stories on this topic » |
| Did The Fed Help Banks While Ignoring The Risks? | KOSU Radio By KOSU News Since the financial crisis of 2008, the Federal Reserve has shrugged off warnings and let the largest U.S. financial firms pay tens of billions of dollars in dividends to shareholders, instead of putting aside money as capital in case a new financial crisis hits. ... The head of the FDIC warned the Fed that bankswere not able to “withstand stress in an uncertain economic environment,” just as the Fed was looking at whether banks could pay dividends to their shareholders, Eisinger says. KOSU Radio |
| Research at the IMF: Tao Wu Senior Research Economist and Policy Advisor, Federal Reserve Bank of Dallas, ... “The U.S. Money Market and the Term Auction Facility in Financial Crisis of ... www.imf.org/external/np/cv/AuthorCV.aspx?AuthID=220 |
| Timothy Geithner decries 'financial crisis amnesia' by reform foes "Amnesia is what causes financial crises. ... industry and Republicans as a severe regulatory overreaction that is hindering the economic recovery. www.latimes.com/.../la-fi-mo-geithner-financial-crisis-201203... |
| Iceland's former PM on trial for role in financial crisis He blamed the banks for the crisis, saying that the government and ... A 2010 parliament-commissioned report into the financial crisis accused the political... www.channel4.com/.../former-iceland-pm-stands-trial-for-role... |
| Mexico City G20 Communiqué: full text - Telegraph We, the G20 Finance Ministers and Central Bank Governors, met to address ongoing economic and financial challenges and to agree on a way forward to fulfill ... www.telegraph.co.uk/.../Mexico-City-G20-Communique-full-t... |
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