Posts Tagged ‘financial crisis’

US money funds cut lending to EU banks

Loans drop to another record low as holdings of Treasuries soar to levels reminiscent of those seen during the financial crisis View full post on Business Stories

ECB announces $53 billion available to banks for loans

European Central Bank officials are offering new emergency loans to banks in an effort to add stability during the ongoing eurozone financial crisis. View full post on Banking Stories

Russian banks target eastern Europe

Acquisitions in the region are being eyed up in a bid to take dvantage of the continued weakness of some western institutions amid the financial crisis View full post on UK Business Stories

ICB tells banks capital reserves must be higher

Britain’s major banks will today by told by the Independent Commission on Banking that they must massively increase their capital reserves to protect savers and taxpayers from another financial crisis. View full post on UK Business Stories

Lords inquiry to damn Big Four auditors’ role in financial crisis

The UK’s leading auditors have offered to reform the way they operate ahead of what is expected to be a highly critical report on their role in the financial crisis and the lack of competition in the sector. View full post on UK Business Stories

SEC moves toward charging Fannie Mae, Freddie Mac executives

The SEC is moving toward charging former and current Fannie Mae and Freddie Mac executives for violations related to the financial crisis. View full post on Business Stories

Investor sues best-selling writer Michael Lewis

Michael Lewis, one of America’s leading financial writers, is being sued for defamation by a fund manager over his best-selling account of the financial crisis. View full post on UK Business Stories