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The surprise announcement of tougher standards for asset-backed securities used as collateral highlights how far the bank is planning its 'exit strategy' to dismantle measures taken after last year's collapse of Lehman Brothers
Wall Street continued the previous decline Friday, after the technology giant Dell posted disappointing earnings and European Central Bank (ECB) President Jean-Claude Trichet said policy makers will withdraw emergency cash...
BY BRIAN BLACKSTONE FRANKFURT, Germany -- European Central Bank President Jean-Claude Trichet warned banks against "addiction" to abundant and cheap credit as the ECB took a first step toward unwinding its financial-support...
Posted on: Friday, 20 November 2009, 15:30 CST ROCHESTER, N.Y., Nov. 20 /PRNewswire-FirstCall/ -- (the "Patent"), that was awarded to the Company by the European Patent Office, has been deemed invalid in Austria due to "added...
Blue chips score weekly gain as indexes bounce off day's lows By Peter McKay, MarketWatch NEW YORK (MarketWatch) -- Investors sought safety Friday by selling stocks for a third straight day in favor of the dollar and Treasurys,...
What is so important about H.R. 1207: the Federal Reserve Transparency Act of 2009 aka the ‘Audit the Fed’ bill? This bill “To amend title 31, United States Code, to reform the manner in which the Board of Governors of the...
Banks run the risk of becoming addicted to cheap and abundant central bank funds, European Central Bank President Jean-Claude Trichet said on Friday, stressing these will be withdrawn as the situation normalises.
ECB President Trichet says some liquidity support for financial system should be withdrawn By MICHAEL BAUER and GEORGE FREY AP Business Writers FRANKFURT November 20, 2009 (AP) The Associated Press Post a Comment FILE - In this...
By Associated Press Friday, November 20, 2009 - Added 3m ago LONDON — World stock markets fell Friday amid mounting concerns about the pace of the U.S. economic recovery following a disappointing earnings update from computer...
FRANKFURT (Reuters) - Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday.
