Economics
UK Treasury - Interbank lending problems until 2013
16/12/08 21:06
“The [UK]
Treasury quietly conceded yesterday that the crisis
undermining banks' ability to borrow from each other
and from financial institutions could last for five
years.
In fact, it's likely that banks' ability to borrow on wholesale markets will never recover to the boom conditions that characterised the few years before the summer of 2007.” Read More...
In fact, it's likely that banks' ability to borrow on wholesale markets will never recover to the boom conditions that characterised the few years before the summer of 2007.” Read More...
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UBS recovers some bonuses
26/11/08 01:13
“I
hope that my action will help to resolve a situation
that was inconceivable to me until a short while
ago,” said Mr Ospel. The three men said they “want to
make clear that they are facing up to reality” and
accepted in hindsight that some decisions “would have
been taken differently”.
Ospel - Ex-Chairman of UBS prior to the bank’s credit meltdown Read More...
Ospel - Ex-Chairman of UBS prior to the bank’s credit meltdown Read More...
Let Detroit Go Bankrupt
20/11/08 12:41
Mitt Romney says to let
the auto sector sort themselves out in bankruptcy
court like normal companies do when they mess
up. Read
More...
Fed Economist Questions Home Equity-Spending Link
30/05/08 14:57
Federal Reserve Bank of New York economist
Charles Steindel questioned
the magnitude of declining housing equity’s effect on
consumer spending. Read
More...
