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South America Opening New Regional Bank

South American representatives are preparing to open a new regional bank that will supersede the World Bank and International Monetary Fund ... Economists said that the bank, which will operate out of the Venezuelan city of Caracas, was necessary ...
http://www.voiceofutah.com/South_America_Opening_New_Region-5225-3-3906.htm

Of Smaller Banks and Credit Cramps

Of Smaller Banks and Credit Cramps Of Smaller Banks and Credit Cramps Of Smaller Banks and Credit Cramps Of Smaller Banks and Credit Cramps Business, finance, bank cramps, bank failure, small banks, medium banks, large banks, economy, Business, finance,... ...
http://www.voiceofutah.com/Of_Smaller_Banks_and_Credit_Cram-5031-3-14892.htm

Bear Stearns Bank Near Collapse?

Morgan said it is working with the bank on securing permanent financing or other alternatives, a signal that the bank, established in 1923, is up for sale. ...
http://www.voiceofutah.com/Bear_Stearns_Bank_Near_Collapse-5225-3-16472.htm

European Central Bank to Offer $20B

Federal Reserve, Bank of England, Bank of Canada and Swiss National Bank -- would seek to reduce elevated pressures in credit markets, said the ECB, responsible for monetary policy covering the 13 member countries of the eurozone ... The central ...
http://www.voiceofutah.com/European_Central_Bank_to_Offer_-5225-3-3868.htm

China's Central Bank Raises Rates 6th Time

In a move aimed at the nation's surging inflation, the People's Bank of China will lift the one-year lending rate to 7 ... The central bank also reportedly will reduce the deposit rate on deposit accounts by ...
http://www.voiceofutah.com/Chinas_Central_Bank_Raises_Rate-5225-3-4676.htm

Lending Rate Unchanged at ECB

The bank has not changed its rate for 10 months as European Central Bank President Jean Claude Trichet remains staunchly committed to keeping the rate low to head off inflation, which remained unchanged in February at 3 ... 2 percent above the ...
http://www.voiceofutah.com/Lending_Rate_Unchanged_at_ECB-5225-3-15381.htm

Bear Stearns Chairman Parts With His Share

Sources toldl the Times that Cayne was as stunned by the bank's sudden collapse last week as any other bank employee, although some blame Cayne for reacting too late to save the bank ... Morgan and Chase offered Bear Stearns $2 per share in a fire sale ...
http://www.voiceofutah.com/Bear_Stearns_Chairman_Parts_With-5225-3-18489.htm

Only in Mexico: Laughing all the Way to the Bank.

Only in Mexico: Laughing all the Way to the Bank Only in Mexico: Laughing all the Way to the Bank Only in Mexico: Laughing all the Way to the Bank Only in Mexico: Laughing all the Way to the Bank Did you happen to see our very own Sheriff Joe on Lou... ...
http://www.voiceofutah.com/Only_in_Mexico_Laughing_all_the-5031-2-2573.htm

UBS and Deutsche Bank Report Losses

Swiss bank UBS announced write downs amounting to $19 billion and said Chairman Marcel Ospel would be replaced. The bank will nominate UBS General Counsel Peter Kurer to replace Ospel, The New York Times ...
http://www.voiceofutah.com/UBS_and_Deutsche_Bank_Report_Los-5225-3-19048.htm

UBS and Deutsche Bank Report Losses

Swiss bank UBS announced write-downs amounting to $19 billion and said Chairman Marcel Ospel would be replaced. The bank will nominate UBS General Counsel Peter Kurer to replace Ospel, The New York Times ...
http://www.voiceofutah.com/UBS_and_Deutsche_Bank_Report_Los-5225-3-19084.htm

Bank of Japan Nominee Gets Lower House Nod

The lower house also approved the appointment of Masaaki Shirakawa, a former Bank of Japan executive director, and University of Tokyo Professor Takatoshi Ito as Bank of Japan deputy governors ... Kyodo said if Muto's nomination doesn't go ...
http://www.voiceofutah.com/Bank_of_Japan_Nominee_Gets_Lower-5225-3-16293.htm

Are You Enjoying the Washington Consensus?

Are You Enjoying the Washington Consensus? Are You Enjoying the Washington Consensus? Are You Enjoying the Washington Consensus? Are You Enjoying the Washington Consensus? Bysh,McCain,McBush,bank crises,financial crises,America's beer, Budw... ...
http://www.voiceofutah.com/Are_You_Enjoying_the_Washington_-5031-2-35946.htm

Fed Joins Other Central Banks in Loan Plan

The Fed -- coordinating with the European Central Bank, Bank of England, Bank of Canada and Swiss National Bank -- said it would create a temporary Term Auction Facility to make at least $40 billion available to banks in four separate auctions ...
http://www.voiceofutah.com/Fed_Joins_Other_Central_Banks_in-5225-3-3871.htm

Japan Upper House Rejects BOJ Nominee

The rejection of Tanami, who is the governor of Japan Bank for International Cooperation, is almost certain to leave a leadership vacuum in the central bank as the incumbents, Gov ... The upper house, however, approved Kiyohiko Nishimura, a ...
http://www.voiceofutah.com/Japan_Upper_House_Rejects_BOJ_No-5225-3-17155.htm

National City Lays Off 900, Cuts Dividend

The Cleveland bank said it would continue originating loans through its retail banking offices. The 163-year-old bank said it planned to raise capital this quarter and hired Goldman Sachs Group ...
http://www.voiceofutah.com/National_City_Lays_Off_900_Cuts-5225-3-6226.htm
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