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August 19, 2008 |
National City Bonds Show Defaults KeyCorp Can't Deny
Bloomberg
National City Corp. Chief Executive Officer Peter Raskind says Ohio's biggest lender is the ``best capitalized of all major U.S. banks'' after raising $7 billion this year, yet its bonds show it's at risk of default. |
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August 18, 2008 |
Bernanke Tries to Define What Institutions Fed Could Let Fail
Bloomberg
Ben S. Bernanke is still trying to define which financial institutions it's safe to let fail. The longer it takes him to decide, the tougher the decision becomes. |
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August 18, 2008 |
U.S. banking agency brings back retirees to manage crisis
Int'l Herald Tribune
Before he retired from the Federal Deposit Insurance Corp. three years ago, Gary Holloway was cleaning up the remnants of the U.S. savings-and-loan crisis two decades earlier. |
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August 11, 2008 |
FDIC Fund Strained by Bank Failures
Bloomberg
The failure of IndyMac Bancorp Inc. and seven other banks this year may erase as much as 17 percent of a government insurance fund and raise premiums for all banks, from Franklin National of Minneapolis to Bank of America Corp. |
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August 09, 2008 |
The Fannie and Freddie doomsday scenario
CNNMoney
Here's a scary, and relevant, question to ponder as the housing market continues to slide: What would it take for the government to step in and help Fannie Mae and Freddie Mac, and how would a rescue affect you, the taxpayer? |
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August 08, 2008 |
Biggest dollar rally in eight years
Financial Times
US stocks soared on Friday as the dollar saw its biggest one-day jump against the euro in eight years and oil prices plunged. |
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August 06, 2008 |
The dollar on the comeback trail
CNNMoney
The Federal Reserve sent a strong signal to the markets on Tuesday that it would not be raising rates anytime soon, and you'd think that would spell disaster for the dollar. |
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July 22, 2008 |
Darling Says Global Credit Crunch `More Profound' Than Expected
Bloomberg
Chancellor of the Exchequer Alistair Darling said fallout from a global credit crunch is proving worse than previously expected, a sign that U.K. policy makers are bracing for slower growth. |
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July 22, 2008 |
Like Fed: Bank of England power grab unvelied
Bloomberg
Bank of England Governor Mervyn King said he wanted the central bank to have more authority in decisions on when to rescue a troubled lender, in legislation proposed to fix Britain's financial stability rules. |
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July 21, 2008 |
Overseas investors take hard look at U.S. mortgage giants
Int'l Herald Tribune
For more than a decade, Fannie Mae and Freddie Mac, the housing giants that make the American mortgage market run, have attracted overseas investors with a simple pitch: The securities they issue are just as good as the U.S. government's - and they usually pay better. |
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