It looks as if Greece will be supported and stopped from defaulting on its billions of debt, Lehman Brothers sacked a whistle blower just weeks after he raised concerns about accounting practice, the Tiger Woods circus is about to hit the road again, and more business briefs.
Us banks
Business As Usual: Moody’s fingers problems in the eurozone … Woes for Lehman auditors …
Business As Usual: US banks still falling over … News Corp ready to unload Jamba …
More US banks fall off the coil, rising food costs are driving up China’s consumer price index, News Corp is ready to unload its mobile content business Jamba, and more business briefs from around the world.
Business As Usual: All hail and, well, big insurance claims … more US banks go …
Natural disasters are going to have a big say in the fortunes of insurance companies, 26 more US banks have gone down the tube, China’s exchange rate is steady as she goes, some encouragement in the latest US job figures and more business briefs.
Business As Usual: US consumer confidence takes a dip … News moves into Middle East
US consumer confidence takes a fall as do US house prices, too. But Wall Street cash is still good even though the banks are still struggling and other business snippets of the day.
Business As Usual: Canwest tricks … Banks down the gurgler … Land of hope and glory
There’s a bunfight going on over Canwest’s TV businness; US banks are still struggling, as is the property market; Ireland is still short of a quid; and the sherry is at the ready as the country waits for the latest economic figures.
US economy: let the grubby dash for cash begin
US President Barack Obama’s announcement that he will close loopholes that let finance firms trade risky products will generate an orgy of spending on elections and lobbying from the banks.
US hasn’t dodged the banking bullet … yet
The revolutionary war fought by the Americans was rooted in part in the overthrow of a banking order imposed on the colonies. That war continues to this day, writes David Hirst.
Financial crunch: the new lame ducks are queuing up
The crunch may be over in the minds of bonus-focused bankers, but the horrible reality is that it’s still alive and merely resting. The Dubai bailout by Abu Dhabi simply highlights the risk.
US finance sector’s sick reality
In the past month, 24 US banks have failed, two big finance companies have gone into bankruptcy, followed by a small credit card provider. But American investors don’t care; they know if the banks are small enough, the regulators will clean up.
Banks: God’s work or a highway to hell
So if bankers are doing “god’s work as the Goldman Sachs boss says they are, where’s the Devil in all of this? Well, judging by the number of banks going belly up in the US, death is definitely in the air.
An inconvenient truth sobers thinking on weak state of US banking
Markets are not known for their consistency. Last night, the US market went up 148 points very quickly, then slid back into the red, only to close up 76 points.
Fed’s Thursday statement the key to US concerns
Forrget China, South Korea, and even Japan: when it comes to confidence in the global financial system, the world remains firmly coupled to the US.
New rules for bailed-out bankers revealed
The US Treasury and Federal Reserve have announced their new rules on executive pay at big and bailed-out banks: many will have their salaries capped at $500,000, total compensation will be cut by 50%, and cash guarantees will be restructured as stock.
US lending continues with the contractions
US banks are showing no other sign than a continued contraction in all forms of lending if you aren’t already a big and beautiful company, writes Julian Gillespie.
The Dyer Index: the world in numbers, you know it makes cents
Glenn Dyer plays the numbers game on the different issues in the world markets, ranging from US bank failures to demand for gold and Krispy Kreme saviours.
Banking on Obama: Wall St woes continue
America stands poised to rescue its shrinking banking sector once again after another near rout on Wall Street, writes Glenn Dyer.
More US banks succumb to housing slump
In the past week, two more major US banks have been forced to raise new capital, cut dividends and curtail lending to stay alive, writes Glenn Dyer.
