Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day.
The New York Times leads with, and the Wall Street Journal fronts, a look at how European governments are taking steps to prevent major banks from going under while trying to prevent panic from spreading by boosting insurance levels on private accoun
Iceland has agreed emergency legislation aimed at avoiding further financial chaos as its banking system faltered and its currency plummeted 30 per cent.
Dow slides 500 points, trading below 10,000 for first time in nearly four years
Asian stock markets plunged Monday as investors took scant comfort from Washington's passage of a $700 billion bank bailout and focused instead on deepening financial turmoil in Europe that threatens to slow global growth.
European nations scrambled on Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns on three continents.
The German government offered to fully guarantee personal savings accounts in a bid to ease concerns about the stability of the nation's banking system amid the global credit crunch.
Oct. 4 (Bloomberg) -- European leaders pledged to continue bailing out their own nations' banks, stopping short of a regional rescue effort, in response to the global credit crisis.
German bank Hypo Real Estate said a planned 35-billion-euro (48-billion-dollar) rescue had fallen through after the banking consortium involved pulled out of the deal. The rescue bid was the biggest in German history and came after HRE was sucked int
Ireland passed a controversial emergency law guaranteeing bank deposits Thursday despite protests that the move gives its financial sector a competitive advantage over neighboring countries.
Asian stock markets retreated Thursday as broader concerns about a global economic slowdown outweighed any relief over the U.S. Senate's passage of the bailout package to rescue the U.S. financial system.
Seeing the world as it is, the wizard behind the curtain and reality instead of myth, matters now more than ever. Lose your illusions. Now they could kill you.
The cost of borrowing overnight dollars on global money markets soared on Tuesday despite central banks pumping billions into the banking system to prevent it seizing up further after U.S. lawmakers' rejection of a $700 billion financial rescue b
As investors around the world hung on every twist and turn in Washington, Belgian-Dutch group Fortis was nationalized and British mortgage lender Bradford & Bingley faced the same fate. [You didn't think the robbery was only in America, did you?]
As you awake and "poor" your first cup of coffee, I have one simple question for the American people. “HAVE YOU LOST YOUR COLLECTIVE MINDS?”
A Council on Foreign Relations member and former policy planner under prominent Bilderberger Henry Kissinger has penned a piece in the Financial Times of London calling for a "new global monetary authority"
Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.
Most of USC Title 50, the encodation of War and Emergency Powers, is also based on the authority of the government as authorized by the Act of 1917, section 5b, as amended, March, 1933. (We are very very very Screwed)
The rumours started earlier this week and customers descended on branches on Wednesday, despite bank staff handing out leaflets to the crowds denying that the bank was in financial difficulty.
The UK and Germany believe that a new international system regulating the financial sector must be constructed to prevent a repeat of global banking crisis in the future.
Threatened by a "financial tsunami," the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said. The collapse of Lehman Brothers "may augur an even larger impendi
Foreign banks, which were initially excluded from the plan, lobbied successfully over the weekend to be able to sell the toxic American mortgage debt owned by their American units to the Treasury, getting the same treatment as United States banks.
DTCC has a monopoly on what they do. They process the vast majority of all stock transactions in the United States as well as for many other countries. And the real interesting part - 99% of all stocks in the U.S. appear to be legally owned by them.
As Sir Howard Davies, former chair of Britain's Financial Services Authority, has said, "there will be a completely different shape to the financial system as a result of this." But first we have to work our way through the crisis.
China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency - which the Chinese say is part of a wider agenda to jus
Panic is the word of the hour on Wall Street. Now even Morgan Stanley is fighting for survival. The commercial bank Wachovia and China's Bank Citic are being discussed as possible rescuers. The crisis has led President Bush to cancel a trip.
I'm starting to see the pattern in the tapestry. There is enough information provided in this article for all of us to begin wrapping our minds around what is about to happen, how and by whom (Why? Trillions of looted dollars,... that's why)
WASHINGTON - The Federal Reserve on Thursday nearly quadrupled the dollars it provides to foreign central banks as part of a coordinated effort to inject liquidity into the global financial system. (WTF????)
European stocks halted 3 days of losses Thursday, rising slightly [closing 100 pts. down] after a concerted effort by central banks to pump $180 billions more into troubled money markets and limit the global financial crisis. Asian markets fell
Markets nosedive, recession spreads, world financial system shaken