Financial Times:
The top three US credit ratings agencies are accused of 'wreaking havoc' on US financial markets by providing inflated ratings and costing state funds hundreds of millions of dollars. (Read More)
Huffington Post:
The effort to impose new restrictions on the financial system falls short of true reform if there's a gigantic loophole for foreign exchange derivatives, Sen. Maria Cantwell (D-Wash.) said Thursday."Most people who write abou (Read More)
Aide-mémoire:
Here’s a little quote from one of my Gen Y friends on my Facebook wall today:“I won’t ever pay for normal news content ever again full stop. If i wanted to subscribe to something niche likes financial markets pieces etc, then (Read More)
Wall Street Journal:
SAN FRANCISCO (MarketWatch) -- Commerce Bank of Southwest Florida in Fort Myers, Florida was closed by financial regulators on Friday, becoming the 124th bank to fail in 2009 and the 12th in the state of Florida. However, the (Read More)
The Guardian:
Jean-Claude Trichet said it was time to unwind some of the measures that propped up the banking system during the financial crisisEuropean Central Bank president Jean-Claude Trichet warned today that banks risk becoming add (Read More)
Wall Street Journal:
FRANKFURT (MarketWatch) -- German Finance Minister Wolfgang Schaeuble said Friday that the global economy is far from a self-sustainable recovery. "It's too early to say we're beyond the crisis. We're still quite far away fro (Read More)
Huffington Post:
While financial markets believe the great recession is over, millions of Americans continue to struggle. Unemployment is 10.2 percent and the more inclusive measure, underemployment, is at 17.5 percent. America's jobs crisi (Read More)
Wall Street Journal:
FRANKFURT (MarketWatch) -- German Finance Minister Wolfgang Schauble said Friday that the global economy is far from a self-sustainable recovery. "It's too early to say we're beyond the crisis. We're still quite far away from (Read More)
Wall Street Journal:
FRANKFURT (MarketWatch) -- Axel Weber, president of the Deutsche Bundesbank, defended the role of regulators and monetary policy on Friday, saying they were not to blame for the global financial crisis. "Monetary policy was n (Read More)
Wall Street Journal:
LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Friday warned that it was premature to conclude that the financial crisis has fully run its course. Analysts said the remarks contributed to risk (Read More)
National Review Online:
In May 2008, Chicago Public Radio teamed up with National Public Radio (NPR) to produce an episode of the show This American Life called “The Giant Pool of Money.” The episode garnered widespread praise and won several awards (Read More)
Wall Street Journal:
TOKYO (MarketWatch) -- The Bank of Japan offered an upbeat outlook on the nation's overall economy Friday, saying that financial conditions continue to show signs of improvement, exports and production continue to increase, a (Read More)
SeekingAlpha.com: Home Page:
BlindReason submits: There has been some Interesting performances by oil in the context of world financial markets and industrial activitity worldwide over the last six months. For the last four years, our own model for oil p (Read More)
Wall Street Journal:
WASHINGTON (MarketWatch) - The nation's biggest banks would be hit with a raft of new fees and restrictions under far-reaching 'too-big-to-fail' bank legislation approved by a key congressional committee responding to the fin (Read More)
Wall Street Journal:
WASHINGTON (MarketWatch) - Large financial institutions would pay fees into a $150 billion fund that would be used to make payouts to the creditors and counterparties of a failed big bank so that its collapse would not unsett (Read More)
Wall Street Journal:
WASHINGTON (MarketWatch) -- Richard Fisher, the president of the Dallas Federal Reserve Bank, said Thursday that he favors dismantling the biggest financial institutions to address the 'too big to fail' problem. In a speech a (Read More)
Wall Street Journal:
WASHINGTON (MarketWatch) -- The Treasury Department announced late Thursday that it intends to sell warrants to purchase common shares in three financial firms: JP Morgan Chase, Capital One Financial Corp and TCF Financial Co (Read More)
Wall Street Journal:
WASHINGTON (MarketWatch) - A key congressional committee approved legislation on Thursday that would allow for government audits of Federal Reserve monetary policy as well as how much the central bank has lent and will lend t (Read More)
Wall Street Journal:
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Thursday placed Deutsche Bank AG's Aa1 long-term ratings on review for possible downgrade. The ratings agency noted that the bank is one of the stronger financial c (Read More)