Written by The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the eurozone’s troubles, but America’s fiscal health is worse than Europe’s, an advisor to the Chinese central bank said on Wednesday.” READ MORE »
Posts tagged crisis
Ireland Urged to Take Aid by European Officials
Ireland is being urged by European policy makers to take emergency aid to contain a debt crisis rattling their markets, according to a person briefed on the discussions. READ MORE »
Regulators Close Florida, Arizona Banks in First 2011 Failures
U.S. banking regulators shuttered two lenders, one each in Florida and Arizona, as the banking crisis enters its fourth year.
First Southern Bancorp purchased First Commercial Bank of Florida while St. Louis-based Enterprise Bank & Trust bought Legacy Bank of Scottsdale, Arizona, the Federal Deposit Insurance Corp. said yesterday in statements on its website. The closures cost the FDIC’s deposit-insurance fund $105.9 million. READ MORE »