Top 10 Terrible Predictions About Economy
On 11/11/11, while the world still exists despite some predictions otherwise, a review by AdvisorOne of 10 terrible predictions about the markets and the economy.
MF Global Bankruptcy Spooks Investors; First U.S. Casualty of Europe’s Debt Crisis
MF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection in what is seen as the first major U.S. casualty of Europe's debt crisis.
Q3 Earnings: Goldman Joins Other Big Banks in Struggle Through Bad Economic Climate
Joining other big banks that have reported Q3 2011 earnings in the last week, Goldman Sachs on Tuesday announced less-than-stellar results due to trading and investment bank weakness.
Sarkozy, Merkel: Plan Soon to Recapitalize Banks
After a weekend meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel, the two emerged with the announcement that they would proceed with devising a plan this month to recapitalize banks in the euro zone
Chinese Banks Take Beating by Investors
China’s credit boom appears to be on its way out, and it may take its banks along with it.
Why You Should Care About the Greek Crisis
Greek default fears are starting to infect Germany and its banks, which have significant holdings of Greek sovereign debt. And the infection is spreading to the U.S. because of close connections between U.S. and German banks.
Moody's Downgrades 2 French Banks
Moody's Investors Service cut the ratings of two French banks on Wednesday, citing their holdings of Greek sovereign debt as the reason. Crédit Agricole and Société Générale were both downgraded a single notch.
What’s Behind the U.S. Suing Big Banks Over Mortgage-Backed Securities?
More bank stock declines and less lending could be in store as financial institutions face another massive round of lawsuits. The Federal Housing Finance Agency sued 17 banks on Sept. 2, alleging that the financial institutions committed securities violations in the lead-up to the recent financial crisis.
Greece Worries Set Markets Tumbling
Worries that Greece might default on its mountain of sovereign debt sent global markets steeply downward on Monday, with bank stocks in France leading the plunge.
PIMCO’s El-Erian: ‘Bumpy and Volatile’ Week Ahead
Plunging European markets and a loss of control by the European Central Bank over the sovereign bond market in the euro zone foretell a difficult post-Labor Day market in the U.S., said PIMCO's Mohamed El-Erian in a commentary on Monday.