Credit crunch

Credit crunch 09/02/2012

15:13 : Rio Tinto chief executive continues to pay high price for Alcan acquisition - The aluminium firm that has cost Tom Albanese his bonus was the subject of a hard-fought battle in 2007Alcan, formerly known as the Aluminium Company of Canada, became the subject of a fierce bidding war in the summer of 2007, eventually ...

Source : guardian-co-uk

Credit crunch 02/02/2012

11:54 : Tullow Oil chief sues developers as work on Caribbean resort is halted - TULLOW Oil chief Aidan Heavey is suing the developers of a luxury hotel and villa complex in the Caribbean after construction stalled following the credit crunch.

Source : independent-ie

Credit crunch 01/02/2012

08:06 : Former RBS chief executive loses knighthood - Fred Goodwin, the former chief executive of the Royal Bank of Scotland (RBS), has been stripped of his knighthood for his role in the bank’s collapse during the 2008 credit crunch. The Queen ...

Source : financemarkets-co-uk

Credit crunch 28/01/2012

13:52 : Eurozone will collapse this year, says Nouriel Roubini - Nouriel Roubini, the economist credited with having foreseen the credit crunch, has warned that the eurozone will collapse within the year - with Greece and Portugal leaving

Source : telegraph-co-uk

Credit crunch 23/01/2012

20:45 : Iseq underperforms as European stocks rise - European stocks edged upwards to their highest closing level since early August today, with euro zone banks racing ahead after a report in theFinancial Timessuggested France and Germany were calling for a relaxation of global ...

Source : irishtimes-com

17:15 : Europe shares extend rally as euro zone banks gain - European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a Credit ...

Source : ibtimes-co-uk

Credit crunch 09/01/2012

00:43 : Smartphone fear as China holds precious metals key - The biggest threat to businesses isn't the eurozone crisis or the onset of a new credit crunch – it's the short supply of the precious metals needed to make everything from smartphones to plasma TVs to wind turbines.

Source : independent-co-uk

Credit crunch 05/01/2012

20:57 : Credit crunch fears at highest level since Northern Rock collapse - Britain's banks are more worried now about a credit crunch than at any time since the first one brought down Northern Rock in late 2007, a survey by the Bank of England has found.

Source : telegraph-co-uk

Credit crunch 04/01/2012

22:05 : Fresh credit crunch fears as banks park record €453bn cash with ECB - • Move suggests banks afraid to lend to each other • Italy's UniCredit spooks markets with cash callFresh fears about the eurozone banking system were raised when record amounts of cash were deposited with the European ...

Source : guardian-co-uk

Credit crunch 07/12/2011

21:30 : Eurozone banks borrow $50bn from emergency bailout fund - Standard & Poor's ratings warning adds to markets' unease as fears grow Europe is already in grip of a credit crunchEurope's leaders will gather in Brussels for a make-or-break summit on Thursday night amid fresh evidence that eurozone ...

Source : guardian-co-uk

04:21 : Bad loan ratio in China's Wenzhou worsened in Oct -report - SHANGHAI, Dec 7 (Reuters) - Banks' non-performing loan (NPL) ratio in China's eastern city of Wenzhou worsened in October, as the entrepreneurial hub remained vulnerable to the persistent credit crunch, the official China ...

Source : reuters-com

Credit crunch 04/12/2011

00:36 : RBS went from mercy killings to life support. Now it's even certified ... - The report into the collapse of Royal Bank of Scotland is due to be published in the next two weeks. But it's already very clear what went wrongShortly after Royal Bank of Scotland took over National ...

Source : guardian-co-uk

Credit crunch 01/12/2011

20:58 : Credit crunch pinpointed to 9 August 2007 – the day the world changed - The beginnings of the global debt crisis were first signalled by former Northern Rock chief executive Adam ApplegarthThe former boss of Northern Rock, Adam Applegarth, pinpointed the start of the first Credit ...

Source : guardian-co-uk

09:27 : Eurozone crisis live: Credit crunch fears deepen as Greece strikes again - The co-ordinated move from the world's central banks has cheered stock markets – but analysts warn it also highlights the perilous state of the global economy9.07am: European Central Bank president Mario Draghi has sent a ...

Source : guardian-co-uk

08:20 : Central banks act as euro zone crisis rages - BRUSSELS/LONDON (Reuters) - The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ...

Source : reuters-com

Credit crunch 30/11/2011

17:34 : Central banks ease credit crunch: reaction - The central banks of the US, eurozone, Japan, Canada, Britain and Switzerland announced coordinated global action to provide liquidity to the financial system today, lowering the price on existing ...

Source : telegraph-co-uk

Credit crunch 17/11/2011

23:05 : Northern Rock: curiouser and curiouser | Editorial - The sudden haste with which George Osborne has acted and the murk that surrounds his decision to sell to Virgin is puzzlingA fair amount of nonsense was talked yesterday about the Northern Rock deal, most of it from the two parties ...

Source : guardian-co-uk

18:00 : United Nations urges poorest countries to put growth over exports - Unctad says after-effects of credit crunch mean that following Chinese model will not workThe world's poorest countries must forge closer links with fast-growing developing economies such as China and Brazil ...

Source : guardian-co-uk

Credit crunch 04/11/2011

02:48 : Bad bank loans in China's Wenzhou rise, first in 10 yrs-report - SHANGHAI, Nov 4 (Reuters) - Banks' non-performing loan (NPL) ratio in China's eastern city of Wenzhou rose for the first time in 10 years in September, as a credit crunch hit small businesses in the entrepreneurial hub, the official ...

Source : reuters-com

Credit crunch 12/10/2011

10:18 : China unveils steps to ease credit crunch for small firms - BEIJING, Oct 12 (Reuters) - China on Wednesday unveiled a set of measures to ease a funding squeeze among small businesses, including allowing them to issue more bonds and tapping other sources of financing.

Source : reuters-com

Credit crunch 06/10/2011

11:05 : Signs of credit crunch in Italy, business group official says - ROME, Oct 6 (Reuters) - Spotty signs of a credit crunch are appearing in Italy due to higher funding costs for banks, Giampaolo Galli, the director-general of Italy's business group Confindustria said on Thursday.

Source : reuters-com

Credit crunch 19/09/2011

16:01 : Why central banking needs a total rethink - Most of the financial reform debate has understandably focused on the future of banking, with the case for root-and-branch change apparently proven beyond doubt by the advent of a second credit crunch in Europe and the latest, shocking ...

Source : telegraph-co-uk

Credit crunch 17/09/2011

14:21 : EU ministers see need for stronger bank sector - WROCLAW, Poland (Reuters) - EU finance ministers agreed on Saturday that European banks must be strengthened in the follow-up to July stress tests as a report said a "systemic" crisis in sovereign debt now threatened a new Credit crunch|credit ...

Source : reuters-com

10:50 : EU officials seek to dispel fears of credit crunch - WROCLAW, Poland, Sept 17 (Reuters) - EU officials sought to dispel fears about a bank lending freeze on Saturday, despite a stark warning from senior aides that a "systemic" crisis in sovereign debt now threatened a new Credit crunch|credit ...

Source : reuters-com

Credit crunch 15/09/2011

22:06 : Financial crisis: spectre of credit crunch returns as banks pump money ... - As IMF chief warns of new "dangerous phase of the crisis", Bank of England and other central banks say they will start lending to European banks that are struggling to borrow.

Source : telegraph-co-uk

Credit crunch 12/09/2011

10:18 : Europe Banks at Post-Lehman Lows Show Sovereign Risk Rising - Investors are valuing European banks at levels not seen since the depths of the credit crunch that followed the collapse of Lehman Brothers Holdings Inc. as concern over a Greek default and debt contagion escalates.

Source : businessweek-com

08:59 : Europe Banks at Post-Lehman Lows Show Sovereign Risks - Investors are valuing European banks at levels not seen since the depths of the credit crunch that followed the collapse of Lehman Brothers Holdings Inc. as concern over a Greek default and debt contagion escalates.

Source : businessweek-com

Credit crunch 09/09/2011

02:55 : Economic gloom piles pressure on G7 finance talks - MARSEILLE, France (Reuters) - G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 Credit crunch|credit ...

Source : reuters-com

Credit crunch 08/09/2011

22:52 : ALEX BRUMMER: Ringing changes at Old Lady - As Alistair Darling makes clear in his memoir, it took Northern Rock and the credit crunch to force change in the way the Bank of England operates under 'impish' governor ...

Source : thisismoney-co-uk

Credit crunch 21/08/2011

04:21 : Black sky ahead? - THE very real threat of a global double-dip recession, fears of another banking credit crunch and the complete inability of European leaders to address the sovereign debt problem have caused world stock markets to ...

Source : independent-ie