Word: bankses
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"The president insisted on the fact that everyone has to play the game," said Laurence Parisot, head of the organization representing France's largest employers, Medef, after the meeting. "Now that banks have the means to operate more or less normally, they must assume their role of irrigating the economy...
HedgeFund.net estimates that the funds lost $93 billion in the first three months of the year alone. But Gradante says things really unraveled in the past month or so, as investment banks, feeling a capital pinch, started to require that hedge funds pay back their loans. The funds typically borrow...
Goulletquer applauds governments in the U.S. and Europe for committing to plans to save the world's finance system. Yet one of the main pillars of those rescue packages - guaranteeing loans between banks with the aim of unblocking frozen credit markets that most businesses and households rely on - has not...
Less than 24 hours after unveiling France's $488 billion rescue plan earlier this week, for example, French President Nicolas Sarkozy met with the heads of the nation's top banks to urge them to extend loans to creditworthy business and households "without delay or additional constraints." Sarkozy pointedly reminded...
In revealing an additional $63 billion aid package to Britain's top three banks Monday, Prime Minister Gordon Brown similarly tabled a document detailing the plan, which noted beneficiaries must maintain "over the next three years, the availability and active marketing of competitively priced lending to homeowners and to small...