The Federal Reserve announced Tuesday that it will provide up to $540 billion in financing to bolster the money market mutual fund industry, its latest effort to get credit flowing more freely again.
A prolonged recession and a tight credit market would cripple New Orleans' still-fragile recovery from Hurricane Katrina, delaying or eliminating road work, new construction and repairs to homes and businesses that have stood empty since 2005.
The nation's credit crunch has frozen Florida's ability to borrow money, but that isn't yet causing problems for the state, a top state money manager said Tuesday.
Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems.
Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow — even for those with good credit.
Banks squeezed by a global credit crisis have a new way to get their hands on cash so they can keep making loans to individuals and businesses. The Federal Reserve, under pressure to take more aggressive action, unveiled a plan Wednesday designed to bring banks and their borrowers relief.
The European Central Bank said Wednesday it would make as much as $20 billion available to European banks, in part to fill their demand for scarce dollars, as part of coordinated action with the U.S. Federal Reserve and other central banks.
The Federal Reserve on Wednesday announced a novel approach to injecting money into the banking system as it struggles to combat a severe credit crunch that threatens to drag the country into a recession.
He wasn't in a boiler room Aug. 8, but Federal Reserve Chairman Ben Bernanke may have been feeling the heat when he talked by phone with Citigroup's Robert Rubin and consulted with a host of bigtime financial players amid a worsening credit crunch that pushed Wall Street into a nosedive.
Asked what she would say if she had a seat at Monday's meeting with the heads of the nation's largest banks, Orman let loose.
It's the site of the best cash-making machine that global capitalism has ever produced, and, some say, a political force more powerful than governments. The people who work behind the brass-trim glass doors make more money than some countries do.
Sean Hannity is @!$%#ing nuts. Period. He blames Carter for starting the economic collapse, and then Clinton for perpetuating it. Where the hell are the almost twenty years of Republican leadership mentioned? They aren't...
Fighting the credit crunch this year has left Britain more than £1,000 in debt for every person in the country. The massive cost of Gordon Brown's plans to spend our way out of the recession was revealed in grim official figures out yesterday.
Germany's furry and feathered companions are feeling the pinch. The economic crisis means that many unemployed owners can no longer afford to take care of them. Meanwhile, the animal refuges they end up in are receiving fewer donations.
President Obama has accomplished some of his promises to small business owners, but the credit crunch still has too many companies trapped in a death spiral.
Russian banks may need to raise $60bn (£36bn) in fresh capital if the recession drags on and energy prices wilt again, according to a report by Fitch Ratings.
Crime families in Italy are paying 65,000 GBP for a kidney and take punters to private surgeons in crime-riddled Bulgaria and Romania to perform the op. Desperate businessmen are selling their body parts to Mafia families to survive the credit crunch.
SIR Fred Goodwin was understood to have lost his mind last night after deciding to give up half his pension and leave his luxury villa in the South of France.
The shibboleth that large banks (and other mega-corporations) are somehow "too big to fail" has been turned on its ear these past ten months.
The Cash for Clunkers program, which is offering a $4,500 cash voucher toward the purchase of a new fuel efficient car, falls short of assisting many consumers that are driving an old clunker.
The moment the question is asked, the smiles and jokes we've been passing between us in our corner of the room quickly fall away. Around us, the hubbub of 40 men eating and talking only amplifies our silence.
Not so long ago we experienced one of the biggest financial expansions in American history. Credit was not only easily and readily available; it was also cheap.
Getting finance during the credit crunch for professional drivers
While many people are aware of the increasing role of mathematical modeling in society in general, and science in particular, very few have dared to question this situation.
From 1891 onwards, Christie's held a series of sales of furniture and paintings from 37 Charles Street, London, and Membland Hall in Devon, the properties of Lord Revelstoke, the chairman of Barings Bank.
In the end, Americans will live in smaller houses, drive cars more like those to which Europeans are accustomed, and will rely on European-style healthcare. In short, we will be more like you, which is after all the social democratic model to which Obama wants to convert America.
The acting chief financial officer of troubled mortgage giant Freddie Mac was found dead in his Fairfax County home early this morning after an apparent suicide, according to Fairfax police.
Public sector procurement has a major role to play in helping to maintain the UK's place as a leading economy, while at the same time making taxpayers' money work harder.
Clare McConnell, chair of the Association of Women Solicitors and a partner at Stephenson Harwood
As banks stop lending amid the global financial crisis (...) the Mafia and its loan sharks, nearly everyone agrees, smell blood in the troubled waters.
A bit late, but still relevant:
Interesting exercise. It's from 2007. In the light of the credit-crunch I would focus on the comments that call for economics to be applied.
Do you think this financial crisis is historically significant?
Now that's interesting: The global financial crisis threatens to spark a rise in cyber crime as computer experts lose their jobs and resort to illegal ways to earn a living, a senior official of Microsoft said on Thursday,