Banks
European Central Bank to offer $20B
December 13, 2007The European Central Bank said Wednesday it would make as much as $20 billion in U.S. dollars available to European banks. The move -- coordinated with the U.S. Federal Reserve, Bank of England, Bank of Canada and Swiss National Bank -- would seek...
U.S. stocks rebound on economic reports
December 06, 2007U.S. stock indexes rebounded Wednesday on strong U.S. economic reports and hopes the U.S. Federal Reserve and other central banks will cut interest rates. The Dow Jones industrial average rose 196.23 points or 1.48 percent to close at 13,444.96. The...
U.S. credit woes infecting European banks
November 26, 2007Analysts say the U.S. mortgage crisis is damaging some of Europe's significant, if less well known, financial institutions. Europe's financial community was rattled this week by reports that Swiss Re, the Zurich-based reinsurance giant, had written...
- November 06, 2007
If it's seemed tougher to get a bank loan in recent months, it's not just your imagination -- a new U.S. Federal Reserve survey provides evidence it really was. In its quarterly check of senior lending officers at major banks, the Fed found residential...
