 BusinessWeek “The financial system should serve the economy, not the other way round.” The ECB has shouldered the main burden of fighting the three-year-old crisisby keeping banks afloat, cutting interest rates to a record low and buying distressed governments' ... See all stories on this topic » | ||
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| ministers to revive firewall debate CNN International By Joshua Chaffin, FT.com Europe will revive a debate about boosting firewalls to shield Spain, Portugal and other vulnerable economies from crisis. (Financial Times) -- After helping to push through a Greek debt restructuring that is the largest in ... See all stories on this topic » | ||
| Fed to release results of bank stress tests Washington Post More than three years after the financial meltdown, the Fed is under pressure to prove it can monitor the banks and prevent a repeat crisis. At the same time, bank executives such as Jamie Dimon of JP Morgan Chase are agitating for the Fed to loosen ... See all stories on this topic » | ||
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| Spain Agrees To Additional Budget Cuts Wall Street Journal (Updates throughout with more background, discussions on financialtransactions tax and talks on Greek bailout, Hungary.) By Jonathan House, Alex Brittain and Riva Froymovich BRUSSELS (Dow Jones)--Spain will comply with additional budget cuts the ... See all stories on this topic » | ||
| Finance ministers' decision on Spanish deficit triggers demand for Hungary ... Greenfield Daily Reporter BRUSSELS — The decision by finance ministers of the 17-country eurozone to give Spain some leeway on cutting this year's deficit has already triggered demands from other European countries for more fiscal leniency. The move also signals the difficulty ... See all stories on this topic » | ||
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| German push for transactions tax hits resistance in Europe Reuters ... March 12 (Reuters) - Germany's push to win backers for financialtransactions tax met resistance on Tuesday among European Union ministers divided on the question of how to collect more money from banks blamed for the financial crisis. See all stories on this topic » | ||
| Banks: The New Safe Haven? Fox Business Global banking safeguards regarding higher levels of capital reserves (so-called “Basel 2″ and “Basel 3″ rules) force financial institutions to hold a larger amount of cash on the balance sheet — preventing them from actively using that money to ... See all stories on this topic » | ||
| Spain Agrees to EU Budget Demands Wall Street Journal "Spain is absolutely committed to budget adjustment and is absolutely committed to structural reforms, so from this point of view, that recommendation will be accepted by the government of Spain," SpanishFinance Minister Luis de Guindos said Tuesday ... See all stories on this topic » | ||
| Missed European stocks rally? Bet on dividends Reuters Dividend futures, one of a new generation of financial instruments traded bybanks, brokers and hedge funds on a relatively young market, allow investors to bet on how much firms might pay shareholders in a given year without buying the actual stocks. See all stories on this topic » | ||
| Statement At the Conclusion of the IMF Mission AllAfrica.com The members of the mission met with Prime Minister Raila Odinga, Acting Minister for Finance Hon. Robinson N. Githae, Professor Njuguna Ndung'u, Governor of the Central Bank of Kenya (CBK), other senior government officials, Members of Parliament, ... See all stories on this topic » | ||
| Euro Fate Depends Whether Wyplosz or Kirkegaard Is Right BusinessWeek Greece is a “completely unique” case, German Finance Minister Wolfgang Schaeuble said yesterday. Wyplosz, 64, is unconvinced, arguing other cash-strapped nations will have to follow as their economies prove unable to stomach the austerity required to ... See all stories on this topic » | ||
| Four EU Countries Want To Delay Hungary Sanctions NPR The EU's executive commission wants the bloc's finance ministers to suspend euro495 million ($649 million) in 2013 development funds for Hungary at their meeting Tuesday. The Commission also demands that Budapest announce further budget cuts by ... See all stories on this topic » | ||
| German central bank warns on ECB crisis measures CBS News It also helped governments borrow affordably as some banks used the fresh cash to buy government bonds. The ECB took on additional risk by broadening the range of financial assets is accepted as collateral for the loans, risks it says it is managing by ... See all stories on this topic » | ||
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| Europe already struggling to stick by budget rules Houston Chronicle A woman walks in front of a delivery truck with the euro symbol which reads 'Prices in free fall, so much more for your money' in Brussels on Monday, March 12, 2012. Finance ministers from the 17 eurozone nations are to meet in Brussels later Monday, ... See all stories on this topic » | ||
| Four EU countries want to delay Hungary sanctions Seattle Post Intelligencer A woman walks in front of a delivery truck with the euro symbol which reads 'Prices in free fall, so much more for your money' in Brussels on Monday, March 12, 2012. Finance ministers from the 17 eurozone nations are to meet in Brussels later Monday, ... See all stories on this topic » | ||
| Top Banking Summaries - Tuesday, March 13, 2012 - 8:58 AM Equities.com ... have approached a short-term bottom by Tuesday as some products picked up after the country's central bank enlarged repo auction and drained 37 billion yuan out of the financial market. "Personally speaking, we think that localmoney market capital ... See all stories on this topic » | ||
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| Spain deficit decision sparks Austria appeal Bismarck Tribune By GABRIELE STEINHAUSER AP Business Writer BRUSSELS (AP) -- The decision by finance ministers of the 17-country eurozone to give Spain some leeway on cutting this year's deficit has already triggered demands from other European countries for more ... See all stories on this topic » | ||
| Spain deficit decision sparks Austria appeal CBS News BRUSSELS — The decision by finance ministers of the 17-country eurozone to give Spain some leeway on cutting this year's deficit has already triggered demands from other European countries for more fiscal leniency. The move also signals the difficulty ... See all stories on this topic » | ||
| Risk Provisions Cut Into German Central Bank Profit Wall Street Journal (blog) By Todd Buell and Christopher Lawton Deutsche Bundesbank President Jens Weidmann said Tuesday that higher risk provisions weighed on the centralbank's profit, reducing the money it can transfer to the German federal government. See all stories on this topic » | ||
| DIARY - Political and General News Events From March 13 Reuters TUESDAY, MARCH 13 WASHINGTON - British Prime Minister David Cameron and US President Barack Obama meet to discuss about Afghanistan, Iran and the Middle East, economic growth, NATO and G8 summits (to Mar. 14). BRUSSELS - EU Economic and Financial ... See all stories on this topic » | ||
| PROFILE-Brazilian Finance Minister Guido Mantega Reuters Mantega presided over Brazil's rapid economic rebound from a globalfinancial crisis in 2008 and 2009. Brazil's economy, Latin America's largest, grew 7.5 percent in 2010, its fastest pace in over two decades, though growth slowed to 2.7 percent in ... See all stories on this topic » | ||
| The debt crisis The cunning plan revealed? The Economist What would happen if banks suddenly took a £325 billion hit to their assets? One reason central banks went down the QE road was to stabilise thefinancial system; the overnight reversal of this policy would undo much of the good work. See all stories on this topic » | ||
| Bundesbank's Weidmann: ECB needs exit plan for massive support to banks, markets The Republic ECB head Mario Draghi urged banks and governments to use that time wisely to strengthen themselves and help the wider economy to return to growth. "Countries should use this phase of financial stabilization to make further progress on their programs of ... See all stories on this topic » | ||
| 20 Years on the Front Lines of Personal Finance Smartmoney.com But as investing veered from thrilling (the 1990s rally) to devastating (the 2008financial crisis), many important lessons emerged. In the late 1990s, analysts hawked profitless tech stocks by the dozen, saying the new rules of the "neweconomy" made ... See all stories on this topic » | ||
| Weidmann Says He's Not 'Discouraged or Isolated' on ECB Council Bloomberg The fiscal crisis is a confidence crisis, which we can only solve by regaining confidence in financial markets and among the population. That will only be successful if structural problems are tackled.” “The risks have increased. See all stories on this topic » | ||
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| US files $25 billion settlement with banks on mortgage abuses msnbc.com The DOJ said the settlement with Bank of America, JP Morgan Chase, Wells Fargo, Citigroup and Ally Financial would resolve violations of federal and state law stemming from such practices as "robo-signing." The banks have not admitted to the charges. See all stories on this topic » | ||
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| Investors turn nimble as German yields stay low Reuters Other longer-term fund managers, who would previously invest with a six- or 12-month view, are taking a shorter view, a strategy more normally associated with "fast money" hedge funds. "There's much more opportunity than before the crisis in trading ... See all stories on this topic » | ||
| Gulf needs to resolve crisis of banks and small and medium-sized projects CPI Financial Efforts are underway in the Gulf region focusing on the financial and bankingsectors to resolve the crisis of financing small and medium-sized projects which have almost stopped as a result of the credit crisis which hit the worldeconomies in ... See all stories on this topic » | ||
| Banks Buy Treasuries at Seven Times 2011 Pace BusinessWeek Banks have increased holdings of government debt since 2008 to protect their capital after the credit crisis caused more than $2 trillion in writedowns and losses at global financial institutions, according to data compiled by Bloomberg. See all stories on this topic » | ||
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| Portugal Gradually Shuffles Its Way Towards The Front Of The Debt Queue Seeking Alpha Such risk is often under-estimated using normal statistical methods for calculating the probability of changes in the price of financial assets. Now I'm not exactly sure whether a two percentage point shift in bond yields over a 12% starting point – or ... See all stories on this topic » | ||
| MONEY MARKETS-US rates drift higher as Federal Reserve meets Reuters Analysts attributed the trend in rising dollar borrowing costs to improved risk appetite among investors who earlier had feared there could be a sharp USeconomic slowdown and a messy Greek debt default that would cause a global financial crisis. See all stories on this topic » | ||
| Bundesbank Profit Plunges Due to Risk Provisions New York Times FRANKFURT — The Bundesbank, Germany's central bank, said Tuesday that its profit plunged last year as it set aside money to cover risk from the sovereign debt crisis, a result that is certain to inflame a debate about the role the country plays in ... See all stories on this topic » | ||
| 'Black day' for bank workers - Lloyds slashes 1300 jobs and offshores 300 more ... This is Money Unions Unite and Accord claimed it was another black day for the financeindustry and questioned why the Government was not intervening at the twobanks which are both partly taxpayer-owned. Lloyds Banking Group is planning to axe 1300 jobs through ... See all stories on this topic » | ||
| 2ND LEAD: Spain Wins Deficit Reprieve, Greek Bailout Nearing Final OK LoanSafe “In substance, there are no doubts left,” German Finance Minister Wolfgang Schaeuble told reporters before the meeting started. “In the course of this week, the second programme for Greece will be signed.” The way for the rescue package had been ... See all stories on this topic » | ||
| Eurozone Crisis: Hope for the Best, Plan for the Worst Jutia Group The euro has also been on the other side of the Bernanke trade: the Fed's printing of trillions of dollars is a deliberate effort to weaken the US dollar in an attempt to promote economic growth. Conversely, with the European CentralBank showing more ... See all stories on this topic » |
| 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 |
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