One of the Main Indicators of Financial Danger Has Increased The failure to regulate the shadow banking system was one of the causes of the financial crisis. As we noted in 2009, the Bank for International…
Tag: financial crisis
JPMorgan Chase, the biggest US bank by assets, announced Friday that the trading loss from derivatives bets made by its Chief Investment Office (CIO) had reached $5.8 billion, nearly three times the amount the company…
A man walks past the Bank of Greece headquarters with the plaque altered to read “Bank of Berlin” in Athens (AFP Photo/Louisa Gouliamaki) Cyprus, Ukraine, Venezuela, and Spain are among 10 countries, which are most…
If eurozone countries do not make necessary steps to restructure their debts, the current period of calm, may quite be calm before the storm. A report by PriceWaterhouseCoopers claims policy action by the European Central…
“Despite the Dodd-Frank financial reform bill and its directive to address this issue, the problem of bank runs in the shadow system has not yet been solved.” –Mark Thoma, Professor of Economics, University of Oregon,…
Europe will need to pile up its toxic debt (AFP Photo / STR) A relief package for all of Europe would mean vacuuming up all of its toxic debt into one big pile and letting…
2012 is shaping up to be a very tough year for the global economy. All over the world there are signs that economic activity is significantly slowing down. Many of these signs are detailed later…