Word: bankses
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The longer the credit markets remain dry, the more things are going to die. That's what's behind yet another day of bloodshed on Wall Street, where the market lost 678 points, or 7.33%, in panicky late trading on Thursday. It's also what's behind yet another financial...
As he spoke, the future for British banking was looking grim. Behemoths such as HBOS and the Royal Bank of Scotland group had seen their shares fall by 39% and 42% respectively on Tuesday, continuing a trend set at the beginning of the week as the FTSE 100 racked up...
The question now is whether or not the Fed's rate cut is enough to reverse the markets' downward spiral. Many analysts in Asia say it is not. "I don't think that the coordinated rate cut will work," said JPMorgan's Kanno. "The only thing it could do is...
A number of Britons began moving their money to these apparently safer havens, but that's not what triggered the precipitous slide in bank shares on Oct. 6. Ironically, it was leaking news of the British government's still unfinished rescue plan that caused mayhem in the markets. The government...
But the scale of the envisaged capital injections indicated how large the government anticipates the holes in banks' balance sheets may actually be. The market is also mulling the impact of the government's stipulation that banks participating in the scheme must restrict executive pay and dividends to other shareholders...