Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...even within the E.U., there are vastly different attitudes toward spending. Some member states are pumping huge sums into the economy: Spain's $115 billion public-works-led program is equivalent to 8.1% of GDP, while the Bank of England has just begun a $100 billion bank-note print run. Others, such as the Czech Republic and Estonia, are holding back because they don't believe in jump-starting their economies with stimulus packages - or because, like Italy, their ragged budgets cannot stretch to offer more than...
...everyone back," says Elmar Brok, a German member of the European Parliament with Merkel's conservative Christian Democratic Union. "We are already doing a lot at home, both federally and at state level. And we are doing it differently to the U.S., because we have made a lot of bank guarantees. But we also need to think about repaying our debts. Who will do it? The next generation...
...finance ministers, along with central-bank governors, are meeting this weekend near London to prepare for next month's summit and smooth out their differences. The summit will mark Obama's first visit to Europe since becoming President, and he will take with him a huge aura of expectation. But if leaders cannot agree on a common approach to fighting the crisis, their meeting could be nothing more than a glorified photo opportunity...
...first trigger for the elation was a comment by one of the least respected executives in the recent history of Wall St. Vikram Pandit, who many think ran Citigroup (C) into the ground. He said recently that the bank had been profitable for the first two months of the year. If this week marks the bottom of the stock market and the beginning of the end of the recession, his words will join "Remember The Alamo" and "The British Are Coming" in the history books. (See the 25 people to blame for the financial crisis...
...Just two days after Pandit's comment, the head of another beleaguered firm, Bank of America (BAC), said the company would not need another dime from the government and that it would make money in 2009. Ken Lewis has been maligned for his role in buying brokerage firm Merrill Lynch and then not noticing that it had lost $15 billion late last year. And, oh yes, then may have illicitly paid some of that money in bonuses to Merrill management...