FINANCIAL News, Money, Banks, Economic and Financial Crisis, Mar 10, 2012

In India, Bank Moves To Stimulate Economy New York Times MUMBAI, India — In a move meant to relieve growing stress in its financialsystem, India's central bank on Friday sharply reduced the amount of money banks have to hold in reserve. The action came ahead of a scheduled policy meeting at which the bank ... See all stories on this topic »

Euro-Area Finance Chiefs Free Greek Aid as Debt Swap Paves Way for Rescue Bloomberg The finance chiefs are scheduled to meet in Brussels on March 12 to review the Greek aid program. They'll also discuss Portugal's current aid package, Spain's financing outlook and a European Central Bank Executive Board vacancy. See all stories on this topic »

Greek debt relief to trigger bond insurance payout Atlanta Journal Constitution By ELENA BECATOROS AP BRUSSELS — The agency that oversees financial derivatives says a massive debt relief deal for Greece constitutes a so-called credit event, meaning it will trigger payouts on bond insurance. People wait to receive money from an... See all stories on this topic » Atlanta Journal Constitution

Greek bailout gives Europe time to build defenses Atlanta Journal Constitution By PAUL WISEMAN AP Greece's Finance Minister Evangelos Venizelos speaks during a news conference and is seen in television camera monitors in Athens, Friday, March 9, 2012. Greece has cleared a major hurdle in its race to avoid imminent bankruptcy ... See all stories on this topic » Atlanta Journal Constitution

New Republic: Europe's Long Road To Economic Ruin NPR by Peter Baldwin Greek Finance Minister Evangelos Venizelos talks during a press conference in Athens on March 9, 2012. Greece is seven billion euros short of a targeted debt cut of 107 billion euros ($142 billion) after a successful bond swap with ... See all stories on this topic »

Peru's 2012 GDP To Be Revised Up To 5.7% -Finance Minister Castilla Wall Street Journal "The world economy is still full of risks," but many of those risks have been reduced in magnitude, Castilla said. The central bank is expected to change its projections on March 23, when it releases its periodic inflation data. See all stories on this topic »

Fed Said to Balk at Banks' Dividend Plans Amid Higher Loan-Loss Estimates Bloomberg The exams may bolster confidence in the nation's largest banksby demonstrating they can handle a deeper downturn or a “market shock” after a year in which financial markets were battered by prolonged economic weakness and the European debt crisis. See all stories on this topic » Bloomberg

Greece bond exchange the largest debt restructuring in history Los Angeles Times That's the bet that big banks and private investors wagered on, the Greek Finance Ministry said Friday, when they agreed to commit $227 billion of their holdings of Greek bonds to a debt restructuring deal designed to offer assurances to the world that ... See all stories on this topic » Los Angeles Times

Eurozone releases funds for Greek debt relief Atlanta Journal Constitution By NICHOLAS PAPHITIS AP BRUSSELS — The financeministers of the eurozone say Greece can receive a first batch of bailout money of up to €35.5 billion ($46.9 billion) to fund a massive debt relief deal with private investors. A pedestrian looks a sign ... See all stories on this topic » Atlanta Journal Constitution

Bank of Scotland Censured for Failings, Won't Get FSA Fine BusinessWeek By Lindsay Fortado and Ben Moshinsky on March 09, 2012 Bank of Scotland Plc was censured by the UK's finance regulator for “very serious misconduct” at its corporate division that led to it getting a government bailout during thefinancial crisis. See all stories on this topic »

Greece: Historic Restructuring Paves Way For Bailout KMBC Kansas City Greek Finance Minister Evangelos Venizelos welcomed the agreement, saying the restructuring will help Greece get out of debt and revive its ailing economy. "We can say now that instead of what usually occurred, we are today reducing the debt," ... See all stories on this topic »

Greece Defaults, and Tries to Move On Wall Street Journal See economic, political and markets news from across Europe as governments and financial institutions deal with the continuing debt crisis. European markets continued to teeter between small gains and losses Friday, as investors reacted to the strong ... See all stories on this topic » Wall Street Journal

Greece secures biggest debt cut in history Chicago Sun-Times By ELENA BECATOROS and NICHOLAS PAPHITIS AP March 9, 2012 8:28AM People wait to receive money from an ATM at an Alpha Bank branch in Athens, on Thursday, March 8, 2012. Greece's race to slice euro107 billion ($140 billion) off its national debt entered ... See all stories on this topic »

GREECE: HISTORIC DEAL CNNMoney Greek Finance Minister Evangelos Venizelos welcomed the agreement, saying the restructuring will help Greece get out of debt and revive its ailing economy. "We can say now that instead of what usually occurred, we are today reducing the debt," ... See all stories on this topic »

Greece secures biggest debt deal in history DailyFinance The managing director of the Institute of International Finance, which negotiated the deal with Greece for large investors, called the bond swap "the largest ever" debt restructuring. "This has been painful and the pain is not over yet. See all stories on this topic »

Step-by-step lesson in how not to run a bank and how not to regulate Telegraph.co.uk By Damian Reece Its Bank of Scotland Corporate Division turned Edinburgh into the Las Vegas of banking. Its HQ was the Caesars Palace of finance. If you fancied a big bet financed largely with someone else's money, this was the place to go. See all stories on this topic » Telegraph.co.uk

Fitch downgrades Greece to restricted default Atlanta Journal Constitution (AP Photo/Thanassis Stavrakis) People wait to receive moneyfrom an ATM at an Alpha Bank branch in Athens, on Thursday, March 8, 2012. Greece's race to slice euro107 billion ($140 billion) off its national debt entered the final stretch Thursday, ... See all stories on this topic » Atlanta Journal Constitution

Greece secures biggest debt deal in history OregonLive.com Charles Dallara, the managing director of the Institute of International Finance, which negotiated the deal with the Greek government on large investors' behalf, described the bond swap as "the largest ever" restructuring. "This has been painful and ... See all stories on this topic »

Greece averts immediate default with bond deal msnbc.com Finance Minister Evangelos Venizelos hailed the deal, which the nation's international lenders had demanded in return for the 130 billion euro ($172 billion) bailout, as marking a long-awaited success for all Greeks enduring a long recession. See all stories on this topic »

Bank of Scotland Censured by FSA, Won't Be Fined for Failings Bloomberg Bank of Scotland Plc was censured by the UK's finance regulator for “very serious misconduct” at its corporate division that led to it getting a government bailout during the financial crisis. The bank, which was part of HBOS Plc until the parent ... See all stories on this topic »

Venizelos Comes of Age Wall Street Journal (blog) Mr. Venizelos, a constitutional lawyer and brilliant orator , who loves speaking Latin, had minimal knowledge of economics when he took the job as part of a cabinet reshuffle last June. It didn't begin well. He took on the other financeministers, ... See all stories on this topic »

Local businesses team up to teach teens financial literacy WSLS ... students one credit hour of economics and personal finance, and banksare providing help to 11 local high schools with an online teaching tool. The program the banks are sponsoring, from Washington DC-based Everfi, is called My Money, My Future. See all stories on this topic »

Market may be up, but the scars of 2008 are fresh San Jose Mercury News By DAVE CARPENTER AP Personal Finance Writer In this March 6, 2012 photo, Cheryl Friedman and her husband, Jim, pose for a portrait at their home in St. Louis. After taking a hit to their savings in 2008 and 2009, the retired couple pulled most of ... See all stories on this topic »

India's Central Bank Cuts Reserve Ratio as Cash Squeeze Threatens Economy BusinessWeek Cash availability with Indian lenders dropped after the central bank bought rupees to stem the decline in the currency, and companies borrowed tofinance imports, said Roy Paul, a deputy general manager at Federal BankLtd. (FB) in Mumbai. Economic ... See all stories on this topic »

Currency wars: Brazil says 'it's on' CNN By Maureen Farrell @CNNMoneyMarkets March 9, 2012: 7:43 AM ET Brazil has been actively fighting to cap the rapid appreciation of the 'real' to help itseconomy. NEW YORK (CNNMoney) -- Brazil's central bank fired the next shot in what is shaping up to ... See all stories on this topic »

Market may be up, but the scars of 2008 are fresh DailyFinance By DAVE CARPENTERAP posted: 5:28 PM 03/09/12 CHICAGO -Cheryl and Jim Friedman, retirees in St. Louis, had two-thirds of their retirement money in the stock market in 2008. When the financial crisis struck that fall and stocks lurched up and down with ... See all stories on this topic »

Ghost of Fannie Mae Haunts Canadian Housing as Exposure Worsens: Mortgages BusinessWeek Finance Minister Jim Flaherty, who has acted to try to cool the market three times since 2008, warned again this week that families should be careful about taking on debts they won't be able to afford when interest rates rise. The Bankof Canada, ... See all stories on this topic »

Local banks see 2011 as turnaround year Columbia Daily Tribune But new rules are hitting small banks, and the new Consumer FinancialProtection Bureau's broad regulatory authority worries many in finance. By Jacob Barker As the economy continues to pick up steam, local banks mostly grew their assets, deposits and ... See all stories on this topic »

Greece secures biggest debt deal in history, staving off bankruptcy, economic ... Global Edmonton Charles Dallara, the managing director of the Institute of International Finance, which negotiated the deal with the Greek government on large investors' behalf, described the bond swap as "the largest ever" restructuring. "This has been painful and ... See all stories on this topic »

Vatican seeks to explain US money laundering tag USA TODAY By Nicole Winfield, AP VATICAN CITY – The Vatican on Friday sought to explain its presence for the first time on a US list of countries that are a potential hub for money laundering, saying it was only natural to be included given its recent efforts to ... See all stories on this topic » USA TODAY

Greek finance minister: Bank deposits fallen by €70 billion ($92.5 ... “This money, if it existed in the banks, would allow for loans to be made to ...The Institute of International Finance said the investors who pledged to ... www.washingtonpost.com/.../gIQApXT5rR_story.html

World Bank to China: Free up your economy or bust - CNN Money The World Bank and a Chinese think tank are reported to have a stern warning in ... Personal Finance ... Transition to a freer commercial system, or else face an impending economic crisis. ... Insurance news and resources from BankRate ... money.cnn.com/2012/02/26/news/economy/.../index.htm

European Central Bank's cheap money has just turned toxic banks ... The ECB's money has only turned Europe's toxic banks into zombie banks ...He also knew the banks could neither afford to finance these assets any longer, nor had ... These banks can make little impact on the real economy, and their main purpose in life is merely to survive and maintain the status-quo..... Today's News ... www.telegraph.co.uk/.../European-Central-Banks-cheap-mone...

Central banks' joint efforts sustain global system - Yahoo! Finance Finance: Never before have the world's central banks sent so much moneysloshing ... Explore news, videos and much more based on what your friends are ... By Martin Crutsinger, AP Economics Writer | Associated Press – 18 hours ago ... finance.yahoo.com/.../central-banks-joint-efforts-sustain-2153...

New Republic: Europe's Long Road To Economic Ruin by Peter Baldwin Greek Finance Minister Evangelos Venizelos talks during a press ... The economic crisis in Europe reached its latest crescendo last night,... www.npr.org/.../new-republic-europe-s-long-road-to-economi...

Latest News | Global Finance Global Finance magazine's free online edition: Country Economic Reports; GDP and trade statistics; Best Banks and Safest Banks; global financial news. www.gfmag.com/latestnews/latest-news-old.html?newsid=1...

Economic news briefing - the subtle bazooka - Personal Finance ... Personal Finance Newsroom · All Articles; Economic news briefing - the subtle bazooka. Switch to Business Banking Newsroom. Personal FinanceNewsroom ... www.newsroom.hsbc.co.uk/.../economic_news_briefing_-_the...

Bundesbank at odds with ECB over loans - FT.com - Financial Times ... European Central Bank, in a sign of mounting concern in Europe's biggesteconomy at measures being taken to try to contain the eurozone financial. ...Chartered, said that the glut of central bank money risked “laying the seeds for the next crisis”. ... He said that banks may become “addicted to easyfinancing”, creating a ... www.ft.com/.../52ed18e4-6237-11e1-872e-00144feabdc0.ht...

FDIC: Bank earnings hit five-year high in 2011 - DailyFinance U.S. banks are coming off their most profitable year since 2006, a sign that many have put the ... An AOL Money & Finance Site .... Latest Financial News ... www.dailyfinance.com/article/fdic-bank...hit.../1417087/

Bank bankruptcy law planned - Finance News - Austrian ... Report on Austrian Independent english news online newspaper: The government ... Juraczka concerned about Viennese economy Manfred Juraczka, the new head of ... for bilateral talks regarding Austrians' money on Swiss bank accounts. austrianindependent.com/.../Bank_bankruptcy_law_planned

FSB - More backing for non-bank finance please - Financial news ... Breaking finance and business news, tax information, jobs and more forfinance directors ... in finding solutions to finance the economic recovery and growth of UK-plc. ... Project Merlin: Cash-rich SMEs just don't want moneyfrom the banks ... www.dofonline.co.uk/content/view/6070/152/

DealBook: British Banks Take Advantage of Cheap Loans ... G7Finance.com – Finance News & Personal Finance Resources Finance News, ... Banks across the Continent are taking advantage of the cheapmoney. ... market reality without harming the real economy, especially our extensive consumer, ... g7finance.com/.../dealbook-british-banks-take-advantage-of-c...

G20 finance ministers tell eurozone to boost rescue fund | Business ... European Central Bank, will make another tranche of cheap money available to the ... At a meeting of finance leaders of the G20 group of major nationaleconomies plus the .... Follow the latest business news, comment and analysis on Twitter ... www.guardian.co.uk/.../g20-finance-ministers-eurozone-crisis

European banks to soak up more ECB money | Finance News YOUAH Home|Stock News|Finance News|European banks to soak up more ECB ... goal is to support the banking sector and boost lending to the "realeconomy. www.xplosivestocks.com/.../european-banks-to-soak-up-more...

Europe Tops G-20 Finance Meeting in Mexico - ABC News Angel Gurria, the head of the Organization for Economic Cooperation and ...Guido Mantega, the finance minister of Brazil, said "there is a very strongly shared opinion ... debts, or expanding the euro money supply to meet countries' budget gaps. ... German central bank president Jens Weidmann noted Friday that Euro-area ... abcnews.go.com/.../europe-tops-20-finance-meeting-mexico-1... info@als-alexander.org or interalex1@yahoo.com