Iceland’s Leader Vetoes Bill to Repay 2 Lenders
Thursday, January 7th, 2010The $5 billion compensation deal would have repaid the Britain and Dutch governments for their loans to compensate depositors.
author By LANDON THOMAS Jr. and DAVID JOLLY, source www.nytimes.com
Mixed Data in Britain Prompts Bank to Keep Rates Unchanged
Thursday, January 7th, 2010The central bank held steady on interest rates and monetary stimulus amid mixed signals on the recovery in Britain. Separate data showed the rebound in the euro area progressing.
author By MATTHEW SALTMARSH, source www.nytimes.com
Bank of England Gains New Oversight Powers
Friday, June 20th, 2008The central bank announced a revamp of its leadership as it was granted enhanced powers to manage financial crises in the biggest overhaul of Britain’s financial regulatory system in a decade.
author By JULIA WERDIGIER, source www.nytimes.com
Treasury Secretary Requests Greater Powers for the Federal Reserve
Friday, June 20th, 2008The Bush administration said that the Federal Reserve should be given sweeping new powers to protect the integrity of the financial system.
author By THE ASSOCIATED PRESS, source www.nytimes.com
More Big Write-Downs Loom for Citigroup, Executive Says
Friday, June 20th, 2008The chief financial officer of Citigroup, Gary L. Crittenden, warned that the bank, the nation’s largest by assets, would suffer more substantial write-downs on debt investments in the second quarter.
author By THE ASSOCIATED PRESS, source www.nytimes.com
A Question of Value
Friday, June 20th, 2008Many banks are struggling to value the assets they hold, raising doubt among many investors about those companies’ financial health.
author By LOUISE STORY, source www.nytimes.com
Prosecutors Build Bear Stearns Case on E-Mails
Friday, June 20th, 2008The indictments are the first to be brought against top Wall Street executives linked to the tight credit market.
author By LANDON THOMAS Jr., source www.nytimes.com
Barclays Considering Share Issue
Tuesday, June 17th, 2008Shares of the British bank soared 11 percent on Monday after the lender said it was considering a plan to sell new shares.
author By DAVID JOLLY, source www.nytimes.com
Lenders Promise to Speed Notice on Mortgage Help
Tuesday, June 17th, 2008Mortgage companies are pledging to let troubled borrowers know whether they are approved for help within 45 days of receiving a homeowner’s application.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Prosecutors Said to Consider Charges in Bear Funds Case
Tuesday, June 17th, 2008The charges of securities fraud would represent the first criminal case against two former managers of two Bear Stearns hedge funds that collapsed a year ago.
author By LOUISE STORY, source www.nytimes.com
At Lehman, Chief Exudes Confidence
Tuesday, June 17th, 2008Stepping into the spotlight for the first time since he replaced two senior executives less than a week ago, Richard S. Fuld Jr. offered a spirited defense of his stewardship of Lehman Brothers.
author By LOUISE STORY, source www.nytimes.com
More Changes to Libor Procedures
Tuesday, June 10th, 2008The British Bankers’ Association announced the most significant changes yet to its benchmark lending rate, bowing to criticism over the reliability of the widely used method of setting the cost of debt.
author By JULIA WERDIGIER, source www.nytimes.com
Share Sale by British Bank Draws 95% of Shareholders
Tuesday, June 10th, 2008Analysts said shareholder response to the Royal Bank of Scotland’s record $23.5 billion rights issue was in line with their expectations.
author By JULIA WERDIGIER and ALAN COWELL, source www.nytimes.com
Derivatives Trading Is Scrutinized
Tuesday, June 10th, 2008The regulatory step by the Federal Reserve is intended to assure that the failure of a major financial institution would not create the systemic threat seen in March after the collapse of Bear Stearns.
author By MICHAEL M. GRYNBAUM, source www.nytimes.com
Lehman Posts Loss and Plans to Raise Capital
Tuesday, June 10th, 2008The firm posted a loss of $2.8 billion, far exceeding the most pessimistic forecasts, and said that it will raise up to $6 billion in fresh capital from investors.
author By JENNY ANDERSON and LOUISE STORY, source www.nytimes.com
High & Low Finance: Trail of Bad Loans Leads to the Couple Next Door
Saturday, June 7th, 2008Creative financing led to a string of foreclosures for a Florida couple who had turned speculators.
author By FLOYD NORRIS, source www.nytimes.com
UBS Plans to Close Its Municipal Bond Business
Saturday, June 7th, 2008The bank had failed to find a buyer for what was the third-largest underwriter of American state and local government debt last year.
author By BLOOMBERG NEWS, source www.nytimes.com
Ratings Agencies Reach Settlement Over Fees
Saturday, June 7th, 2008The agreement reached with the New York attorney general will change the way credit rating agencies are paid by investment banks for reviewing mortgage-backed securities.
author By REUTERS, source www.nytimes.com
Two Fed Bank Presidents Warn About Lending to Securities Firms
Saturday, June 7th, 2008Two Federal Reserve Bank presidents warned in separate speeches on Thursday that the central bank’s decision in March to lend to securities firms might sow the seeds of further financial crises.
author By BLOOMBERG NEWS, source www.nytimes.com
Wealthy Americans Under Scrutiny in UBS Case
Saturday, June 7th, 2008As federal authorities intensify an investigation into offshore bank accounts, the secrets of this rarefied world are being dragged into the open.
author By LYNNLEY BROWNING, source www.nytimes.com