Banking System

ECB Provides $71 Billion in Credit to Banks

FRANKFURT, Germany (Source: The Sacramento Bee) – The European Central Bank has carried through on its promise to loan unlimited cash to steady a banking system still shaken up by the continent’s debt crisis.


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Coordinated Action Needed to Prop Up Banks

(Source: CNBC By Patrick Allen) – Following the loss of 635 points off the Dow in a single session and widespread investor fear over the debt crisis in the US and Europe, US policymakers need to announce support for the [...]


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Shadow System Will Flourish as Banks Are Constricted

(Source: American Banker Eugene A. Ludwig) – Regardless of where one comes down on the desirability of any one of the raft of new regulations mandated by the Dodd-Frank Act, there is no question that their cumulative impact will be [...]


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Europe, Stressed, Awaits Bank Tests

ROME (Source: Washington Post By Howard Schneider) — Tests of the health of dozens of European banks will be released Friday, a step that could mark a positive turn in the region’s economic crisis by reassuring that the financial system [...]


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