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economy bank bailouts

EconomyBank bailouts here to stay – Italy's Visco

Financial Times - ‎18 hours ago‎
Europe's days of taxpayer-funded bailouts are not over, Italy's central bank governor has said, as he called for a rethink on EU rules to resolve failed banks. Ignazio Visco said Brussels's landmark “bail-in” laws should be reconsidered to prevent ...

25th April 2016 | Bank Bailouts Are Good Policy

The Corner Economic - ‎Apr 25, 2016‎
Benjamin Cole via Historinhas | Probably bank and other financial institution bailouts, within context, are positive for the economy. Indeed, aggressive robustly financed bailouts should be conventional policy, while other regulations eschewed, as long ...

Sayonara, Brits! The Irish tech sector could benefit from Brexit

The Register - ‎3 minutes ago‎
There appears to be a broad consensus that a Brexit would be bad for Ireland: that Ireland's economy would be seriously affected if the UK decides to leave the EU on June 23.
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Is Greece just weeks away from another debt crisis?

Telegraph.co.uk - ‎May 4, 2016‎
Gruelling negotiations between Greece and its creditors last year pushed its economy and financial system into meltdown.

Opinion: Why Italy and France are not too big to fail

MarketWatch - ‎6 minutes ago‎
Italian total real economy debt (government, household and business) is around 259% of GDP, up 55% since 2007, while France's equivalent debt is around 280% of GDP, up 66%.

World Watch

Wall Street Journal - ‎7 hours ago‎
Philip Lowe previously worked at the Bank for International Settlements, where he researched the role of central banks in stabilizing financial markets in low-inflation environments. His seven-year term begins Sept. 18. Dr. Lowe studied for his Ph.D ...
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Fed's Kashkari says he does not expect US recession this year

CNBC - ‎20 hours ago‎
Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said he does not expect the U.S. economy to slip into recession this year, but rather to grow at a moderate rate.
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Greeks launch 48-hour strike over proposed tax, pension reforms

Press TV - ‎53 minutes ago‎
A tranche of about 5 billion euros in bailout money is now pending following the failure of talks over the pace of reforms Greece has to undertake.

The Book That Will Save Banking From Itself

Bloomberg View - ‎18 hours ago‎
A year after Professor King -- as I still think of him -- had been my tutor at the London School of Economics, he was tapped to advise some new British financial regulator. As he had no direct experience of financial markets, either he or they thought ...
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The Unnamed Beneficiary of an Italian Bank Bailout

Wall Street Journal - ‎May 2, 2016‎
MILAN—The weekend's government-orchestrated bailout of Italy's seventh-largest lender may have had a pressing, second goal: Protecting the country's largest bank. The lender that was bailed out—Banca Popolare di Vicenza SpA—said late Saturday it ...
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Puerto Rico debt rescue plan engulfed in Great Recession 'bailout' politics

Washington Post - ‎Apr 30, 2016‎
House members left Washington Friday for a week-long recess without taking action on a fiscal rescue for Puerto Rico, days before the territory's development bank is set to default on a payment to bondholders and deepen the economic crisis there.

Struggling Global Economy It's the Debt, Stupid!

The Market Oracle - ‎15 hours ago‎
For those still wondering why the global economy is struggling, the simple answer is "It's the debt, stupid." We will return to the global economy in a moment, but first consider the plight of Greece. A detailed study shows that of €215.9 billion in ...

Europe needs more reform and integration, says Italy's finance minister

euronews - ‎13 hours ago‎
Pier Carlo Padoan: “First of all, we must complete banking union by providing banking union with a common deposit insurance scheme and a full-back stop to what is known as 'resolution' - that is to say to make banks safe if they are not doing well. But ...
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Philip Lowe Named Next Reserve Bank of Australia Governor

Wall Street Journal - ‎May 4, 2016‎
A rebalancing of the economy away from mining toward services is—so far—making steady progress without the need for huge bailouts or a collapse in the job market. But Dr. Lowe's appointment comes as global ratings firms like Moody's warn that the ...
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Robert Bennett, Former Senator from Utah and Tea Party Casualty, Dies at 82

New York Times - ‎15 hours ago‎
Former Senator Robert F. Bennett, a conservative Republican from Utah who played a central role in shaping the bank bailout legislation during the 2008 financial crisis, an act of compromise that made him a stunning casualty of the Tea Party movement ...
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China fertiliser default highlights rising credit risk

Financial Times - ‎May 5, 2016‎
A fertiliser producer in north China will default on bond payments on Thursday, the latest casualty of a slowing economy and rampant overcapacity in commodity sectors including basic chemicals.

Marfin and catastrophe's new normal

Kathimerini - ‎13 hours ago‎
Thursday was the sixth anniversary of the death of three people in a central Athens bank branch in one of the first mass protests against the first bailout agreement in 2010. When the “Marfin dead,” as they have come to be known, are the subject of ...

OneUnited looks for reinvention with falling profits and deposits

The Boston Globe - ‎8 hours ago‎
OneUnited Bank opened its Grove Hall branch in 2007 to much fanfare, with a visit from the mayor and promises by bank officials to rejuvenate the Roxbury neighborhood and lend hundreds of millions of dollars to the Boston community. The reality has ...

Beyond 'greed is good'? This company wants to be the investment firm for the middle class

MarketWatch - ‎14 hours ago‎
Whether it's the bank bailout, housing crisis or flash crash, financial institutions don't have the best reputation these days, but this investment company is trying to move away from a “greed is good” approach and closer to a feel-good mentality ...
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New Fed Bailout-Prevention Rule to Reach Beyond Banks

Wall Street Journal - ‎May 3, 2016‎
It applies to contracts with the eight U.S. banks considered by regulators to be “systemically important” to the global economy, as well as the U.S. operations of foreign banks that have that label. The Fed is taking comments on the proposal before ...
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