Written by The yen traded near the strongest level in more than eight years against the euro as signs economies in the U.S. and China are slowing boosted demand for safer assets. READ MORE »
Posts tagged financial crisis
New Round of E.C.B. Funding Tempers Optimism
Higher-than-expected demand for cash from the European Central Bank on Thursday signaled that many banks are still unable to get the funds they need on the open market, setting back policy makers’ efforts to take banks off life support. READ MORE »
Mortgage Bonds Booming
Residential mortgage bonds, the center of the financial crisis not long ago, are once again darlings of the financial market. READ MORE »
Federal Reserve weighs steps to offset slowdown in economic recovery
Federal Reserve officials, increasingly concerned over signs the economic recovery is faltering, are considering new steps to bolster growth. READ MORE »
Six Banks Fail Friday
Regulators closed six banks in three states Friday, bringing this year’s total number of bank failures to 96.
All six failed institutions were included in TheStreet’s Bank Watch List of undercapitalized banks and thrifts, based on first-quarter regulatory data provided by SNL Financial. READ MORE »