Crunch Time: Bank Downgrade, Credit Squeeze Signal Possible Return To 2008
The situation in Europe is hitting global credit markets, making it harder for companies and banks to secure loans. Investors are buying fewer corpora...
The situation in Europe is hitting global credit markets, making it harder for companies and banks to secure loans. Investors are buying fewer corpora...
Bloomberg | Sylvia Nasar | Posted 11.13.2011
Unlike the movies, life rarely permits second takes. But the Second World War gave John Maynard Keynes, the patron saint of government activism, and F...
TIME.com | Roya Wolverson | Posted 09.05.2011
Forget gold futures. For many economists, small business lending is the safest gauge of the economic recovery's strength. Too bad it's headed in the w...
BusinessWeek | Hernando De Soto | Posted 06.30.2011
he results are hardly surprising. In the U.S., trust has broken down between banks and subprime mortgage holders; between foreclosing agents and court...
Posted 06.12.2011
NEW YORK, April 12 (Joseph A. Giannone) - An arbitration panel ordered Citigroup Inc (C.N) to pay a group of investors $54.1 million for losses from...
AP | PALLAVI GOGOI | Posted 05.25.2011
NEW YORK — President Barack Obama's $30 billion small community business lending program faces one big challenge: many of the community banks an...
AP | Posted 05.25.2011
NEW YORK — Moody's Investors Service said Wednesday it appears U.S. banks have written off about two-thirds of the bad loans they're likely to face ...
AP | MATTHEW CRAFT | Posted 05.25.2011
NEW YORK — With rising fears of a prolonged recession and stomach-churning moves in the stock market, corporate bond markets have performed so well ...
nytimes.com | SEWELL CHAN | Posted 05.25.2011
WASHINGTON -- The level of outstanding credit in the American economy continues to fall as strong and weak banks alike pull back on lending, worsening...
AP | JIM KUHNHENN | Posted 05.25.2011
WASHINGTON — Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue th...
AP | STEVENSON JACOBS | Posted 05.25.2011
NEW YORK — The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enou...
BusinessWeek | Bradley Keoun | Posted 05.25.2011
It will take more than a guilt trip to boost credit. With Citigroup (C) and Wells Fargo (WFC) joining JPMorgan Chase (JPM) and Bank of America (BAC) i...
The Huffington Post | Ryan McCarthy | Posted 05.25.2011
For Lawrence Summers, the president's economic adviser, the financial crisis is kind of like a military battle. Buried in this Wall Street Journal abo...
wsj.com | MEREDITH WHITNEY | Posted 05.25.2011
Since the onset of the credit crisis over two years ago, available credit to small businesses and consumers has contracted by trillions of dollars, an...
wsj.com | VICTORIA E. KNIGHT | Posted 05.25.2011
he troubles at CIT Group Inc., a key lender to small businesses, underscore the importance of developing back-up plans for borrowing. CIT's financi...
baselinescenario.com | Elizabeth Warren | Posted 05.25.2011
Elizabeth Warren, the chair of the Congressional Oversight Panel and a professor at Harvard, has been on a mini-media blitz of late. Yesterday, she re...
Alan Schram | Posted 05.25.2011
Credit markets may not be completely healed, but they are in much better shape than they were three months ago.
bloomberg.com | Shannon D. Harrington | Posted 05.25.2011
May 7 (Bloomberg) -- Junk-bond investors who have spurred the biggest rally on record are getting ahead of the recovery as the rate of company failure...
Arianna Huffington | Posted 05.25.2011
With my younger daughter away, I was looking forward to a quiet night in, curled up in bed with a few dozen pieces on the financial crisis I'd cut out from newspapers and magazines. But instead of reading a few and nodding off, I ended up staying up most of the night, getting more and more outraged with each article I read. These days, the business section is not for the faint of heart. READ MORE The Torture Moment The way we respond to the revelations about the Bush administration's use of torture will define the kind of country we are. It is a test of our courage and our convictions. So far, the media are not getting high marks. They can't seem to shake their addiction to looking at every issue through the archaic prism of right vs. left. READ MORE
AP | CARLO PIOVANO | Posted 05.25.2011
LONDON — Dollar lending rates between banks rose Monday despite the announcement of a U.S. plan to rescue troubled lender Citigroup Inc. The ra...
Mort Zuckerman | Posted 05.25.2011
The danger is that politicians, who have little understanding of the financial world, may draw the wrong conclusions from Wall Street follies and make the wrong decisions as they try to revive our financial system.
Diane Francis | Posted 05.25.2011
The world economy nearly failed and a global effort by governments and central banks has pulled the system back from the proverbial brink. That's why only a global solution going forward will save the day.
Henry Blodget | Posted 05.25.2011
The government's seizure of stakes in nine banks was designed to finally return the credit markets to some semblance of normal, so consumers and businesses can get access to money again. Unfortunately, we're still waiting.
Nouriel Roubini | Posted 05.25.2011
It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster.
BusinessWeek | Ben Levisohn | Posted 05.25.2011
With the financial system bailout plan derailed by the House of Representatives on Sept. 29, the resulting plunge in equities made headlines around t...
HuffingtonPost.com | Bonnie Kavoussi | Posted 12.15.2011