By Alistair Lyon, Special Correspondent (Reuters) Like anyone invested in global financial markets, Arab sovereign funds, investment banks and rich individuals are taking a severe beating. Also getting queasy are those who
By Martinne Geller (Reuters) Susan Coyne had her heart set on a new pair of earrings at Saks Fifth Avenue in New York, a purchase she would not have thought twice about
By Reed Stevenson and Steve Slater (Reuters) What if there were a run on a bank and no one knew? In recent days some U.S. media have focused on a "silent run"
By Jeremy Gaunt and Mark Felsenthal (Reuters) The European Union pledged on Monday to protect people's savings and maintain financial stability while Washington urged a more coordinated approach to the worst banking
By Jeremy Gaunt and Noah Barkin (Reuters) More European governments followed Germany's lead on Monday offering blanket deposit guarantees to savers in a frantic effort to calm fears among investors over the
Major changes in financial markets Dr. Jim Leontiades The CIIM Business School The current financial crisis has already brought about sweeping major changes in the institutional structure of the financial system. Distinguished
. Used to be that “when the U.S., sneezed, Europe caught a cold” and Cyprus would miraculously get away with a mild flu. The same applies now, as Cyprus banks and investments
By Dave Graham and Kevin Smith (Reuters) The chairman of euro zone finance ministers sided with Germany on Thursday in rejecting any need for a European rescue fund for distressed banks, but
By Boris Groendahl (Reuters) The European Union needs to coordinate deposit guarantees and a possible system of bank rescue funds, European Central Bank governing council member Ewald Nowotny told Reuters in a
Reuters The fate of the $700 billion Wall Street bailout plan is now in the hands of the House of Representatives and leaders are cautiously hopeful that Congress can complete action on
