U.S. May Take Ownership Stake in Banks
October 8, 2008
New York Times
The Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence, according to government officials.
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Most Blogged
The Reckoning: Taking Hard New Look at a Greenspan Legacy
October 9, 2008
New York Times
Derivatives have long had a great supporter in the former Federal Reserve Chairman Alan Greenspan.
Central Banks Coordinate Cut in Rates
October 8, 2008
New York Times
The world’s major central banks — including the Federal Reserve, the Bank of England and the European Central Bank — moved together to stanch the financial crisis.
The End Of American Capitalism?
October 10, 2008
Washington Post / Anthony Faiola
The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism.
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Latest News
Matthew Oakeshott warned ministers about Iceland's banks
October 10, 2008
Liberal England / Jonathan (noreply@blogger.com)
Banks' foreign ops run smooth
October 10, 2008
USA-World-The Times of India
According to latest RBI data, the total NRI deposits during the fortnight ending on July 18, 2008 increased be over Rs 3,000 crore from Rs 59,000 crore to Rs 63,081 crore.
Jeff Faux: Let's Buy a Bank
October 10, 2008
The Huffington Post Full Blog Feed / Jeff Faux
he US government should buy and keep outright ownership of at least one major bank to in order to have a window into the innards of the financial system.
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Most Blogged (Continued)
Fed Announces Plan to Buy Short-Term Debt
October 7, 2008
New York Times
The Fed’s radical new plan is an effort to stimulate the credit markets, which have all but dried up.
A.I.G. to Get Additional $37.8 Billion
October 8, 2008
New York Times
The aid comes in addition to the $85 billion line of credit the Fed gave the insurer last month.
Op-Ed Contributor: An Economy You Can Bank On
October 10, 2008
New York Times
The non-financial sectors will not suffer much from the banking crisis, because the general economic importance of banks has been highly exaggerated.
Retirement Savings Lose $2 Trillion in 15 Months
October 8, 2008
Washington Post / Nancy Trejos
The stock market's prolonged tumble has wiped out about $2 trillion in Americans' retirement savings in the past 15 months, a blow that could force workers to stay on the job longer than planned, rein ...
Central Banks Launch Rate Cuts
October 8, 2008
WSJ.com: Page One
The world's central banks launched a coordinated attack against the widening global financial crisis, lowering short-term rates in unison by a half-percentage point. Separately, the U.S.
U.S. Considers Cash Injections Into Banks
October 9, 2008
New York Times
The Treasury Department is considering taking ownership stakes in many United States banks, the White House said Thursday.
Nikki Blonsky Living 'Every Day in Pain'
October 9, 2008
The Insider Online / TheInsider
Nikki Blonsky is speaking out on what she calls "absolute lies" surrounding her unexpected arrest in the Turks and Caicos Islands last month.
With Outlook Dim, Bernanke Says Fed May Act on Rates
October 7, 2008
New York Times
In an address that was at once sobering but hopeful, Ben S. Bernanke hinted strongly that the Fed would lower interest rates at its meeting this month.
High & Low Finance: Plan B: Flood Banks With Cash
October 9, 2008
New York Times
The government needs to decide which banks it is sure are worth saving, and pump capital into them directly.
“Why is the Fed Paying Interest on Excess Reserves?”
October 7, 2008
macroblog / David Altig
That’s the question that perplexes Alex Tabarrok. But he has a theory (which is endorsed by William Polley): “Today the Fed starts to pay interest on reserves.
Europe Seeks Unified Policy on Bank Crisis
October 7, 2008
New York Times
Finance ministers from the European Union, which has had trouble coordinating policy, gathered to seek common ground to buttress the banking system.
Latest News (Continued)
Federal regulators clear Wells Fargo-Wachovia deal
October 10, 2008
SignOnSanDiego.com RSS Feeds Business
Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank.
Will the Japanese or U.S. government bail out Morgan Stanley?
October 10, 2008
Dealscape / Matthew Wurtzel
Wells Fargo gets quick regulatory OK to buy Wachovia
October 10, 2008
Latest news from South Florida Business Journal
Wells Fargo & Co. has received rapid approval from federal antitrust regulators for its $15 billion purchase of Wachovia Corp. (WFC) (C) (WB)
Standard & Poor's Lifts Ratings on Wachovia (WB) on Wells Fargo (WFC) Deal
October 10, 2008
SchaeffersResearch.com Daily Market Blog
Shares of Wachovia (WB: sentiment, chart, options) have rallied more than 38% and Wells Fargo (WFC: sentiment, chart, options) is up nearly 4% after Standard & Poor's Ratings Services upgraded WB's ...
S&P upgrades Wachovia with Wells Fargo deal on track
October 10, 2008
MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Friday upgraded Wachovia Corp.'s counterparty credit rating to A+/A-1 from BBB-/A-3 in response to Wells Fargo & Co.
Bank of America makes market-share move in Phila.
October 10, 2008
Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal
Three years after arriving in the Philadelphia retail banking market, Bank of America appears to have made some headway, according to data released by the Federal Deposit Insurance Corp. Thursday.
The Baldwin-Eichengreen Little Booklet Is a Success...
October 10, 2008
Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal / Brad DeLong
Richard Baldwin writes: >Dear All, >The instant booklet seems a hit; we've had about 10,000 downloads in the first 24 hours, Krugman's blog called it a "Must read", and much more.
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