Central Banks and Countries in Repair Mode After Wall Street Meltdown
Region: IndiaFederal Reserve and other top Central Banks of world started rescue operations to resuscitate lost market faith resulting from the debacle of US Financial giants, amid renewed fears about how the US economy would weather t... more
Views: 1484They Are Not Fulflling Responsibility
Region: IndiaIn India in most of the Banks there are many accounts whose account holder are missing or either they have died and their money is there in their account.But this is the responsibility of Bank to find out any relatives of ... more
Views: 865Bank Of Canada Cuts Benchmark Rates On Deeper Slowdown In U.S. Economy
Region: Canada
According to emerging reports, the Bank of Canada will be next in line among the host of global central banks to act in the midst of a troubled U.S. economy. The central bank said on Tuesday that it will decrease it... more
Views: 1566The Fed's Free Market Illusion
Region: District of Columbia
The very recent Treasury Department and Federal Reserve lender bailouts, interest rate manipulation actions, economic “stimulation” (in the form of giving taxpayers a small rebate of their own money... more
Views: 2100Meredith Whitney Tells Fortune Magazine: Banks, Credit Still in Trouble
Region: United States
Oppenheimer & Co. Financial Analyst Meredith Whitney warned that the credit crisis is nowhere near over in an interview in Fortune Magazine's upcoming issue. Meredith Whitney is known for correctly predicting that the ten... more
Views: 1413Chinese Banks Duck Subprime Debacle
Region: United States
While western banks took a beating from the subprime debacle, news reports say Chinese lenders are posting profits. Somehow, Chinese stocks have been looking darn good in 2007, despite warnings of a overhe... more
Views: 1551Vital cause of deeper downturn in US economy
Region: WashingtonFinancial scientists trained in a money-and-money-only way all over the world have been searching causes behind the latest financial crisis affecting US and world economy. But they are puzzled. The US Administration, the c... more
Views: 2225Analysis Shows Megabanks Have 23,000 Times More Exposure to Credit Default Swaps than Community Bank
Region: Texas
As the economic crisis puts a spotlight on the obscure world of credit default swaps (CDS), an unregulated $62 trillion market that most people never heard of and even fewer understood, the fear of a CDS catastroph... more
Views: 1068Consumer’s Interest High at Community Banks
Region: United States
It took $4 gasoline to get folks to think about their driving habits. Similarly, it looks like a meltdown of the megabanks and other financial institutions is prompting consumers to think about where they are putting... more
Views: 1159Consumers Keep Money Close to Home
Region: United States
With home safe sales up 75% over the past year, consumers are on a flight for safety. Many are finding soft landings locally at their community banks and credit unions where they can earn up to 7% interest on their c... more
Views: 1132
