If it's 2008 redux, there is one big difference. It's Summer not Fall.
Everyone is nervous about Europe. Me too. I have no way of knowing how much of this is already priced in the market. You'd have to say a lot based on the violent reaction in the oil patch, some…
Banks Overwhelmed by Mortgage Refinancing After Job Cuts
Sept. 2 (Bloomberg) -- Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge. “There’s just so much volume,” said Kristin Wilson, a…
Banks Lead Greece Recovery
Greek stocks rallied, with the benchmark ASE Index climbing the most in more than 21 yrs, as EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA announced a merger. Eurobank and Alpha Bank each rose…
Global Baking Regulation Update
Enhancing financial regulation has been a common view between governments since crisis in Y 2008, but debates over implementation details continue, especially since the recent debt crisis has given…
Fed concerned about European banks' U.S. units
(Reuters) - The Federal Reserve Bank is taking a closer look at the U.S. units of Europe's biggest banks, concerned that a euro zonedebt crisis could spill into the U.S. banking system, the Wall…
Small Firms Hunger for Sales, Not Credit .
Small-business lending has been in trouble, but is there an explanation beyond the widespread perception that banks are denying credit, and starving small entrepreneurs? Clearly, the financial crisis…
Fed Readies Guidance for Banks in Event Aug. 2 Deadline Missed
July 29 (Bloomberg) -- The Federal Reserve is preparing guidance for banks in the event the U.S. debt limit isn’t raised and the Treasury Department runs out of money to pay all of its bills, a…
