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White paper to beef up bank supervision Alistair Darling announced plans to beef up the boards of banks, claiming that the 'front line defence' against failure in Britain's financial services sector had been overrun in the build-up to the credit crunch FT.comCredit Card Interest Rates Going Up Credit card companies are increasing rates, decreasing limits and in some cases canceling accounts altogether. Thedenverchannel.comwe slipped up on economy Alistair Darling admitted government failings over the credit crunch yesterday while attacking the banks for not holding their executives to account.The Chancellor of the Exchequer cast aside Gordon B... Big News NetworkFiserv, Inc. Q4 2008 Earnings Call Transcript Question-and-Answer SessionOperator Operator Instructions Our first question comes from Bryan Keane with Credit Suisse. Your line is open. Bryan Keane - Credit Suisse Hi, good afternoon. Jeff Yabuki Hi, Bryan. Tom Hirsch Hey, Bryan. Bryan Keane - Credit Suisse Just curious to get an update on the non-merger actions... B NetPutin Speech at Davos World Economic Forum - Open thread - NewsTrust Yahoo Pipes Feed Russian Prime Minister Vladimir Putin spoke at the opening ceremony of the World Economic Forum in Davos, Switzerland a few days ago. His speech takes a conciliatory tone and emphasizes co-operation, possibly because Russia, like everyone else, is encountering economic problems. Part of Russia's problems are no doubt due to the lower price of oil and the lack of availability of credit. (As we have discussed earlier, most recently , all of these problems seem to be indirectly the result of world peak oil.) Putin's speech includes comments on energy security and on actions Russia taking with respect to energy. As one might expect, much of the speech relates to the world economic crisis. Below the fold are some excerpts. The full transcript can be ... NewsRackDrumBeat: February 4, 2009 - NewsTrust Yahoo Pipes Feed Merrill Lynch on Tuesday said that crude oil production from non-OPEC nations may have already peaked, nothing that oil production decline rates were a function of investment rates, as well as the size and age of oil fields. 'All these factors point to steeper oil output declines going forward,' the firm wrote. ...'Should the credit crunch push decline rates to 6 percent, however, non-OPEC production could decline precipitously toward million barrels per day by 2015 from the current levels,' it wrote. Also : LONDON (Reuters) - Many oil companies are slashing investment in the face of a $100/barrel collapse in crude prices but, keen to avoid past mistakes and emerge as winners from the downturn, the very biggest are holding spending ... NewsRackAce Limited`s profit drops in fourth quarter NEW YORK (AP) - Property and casualty insurance company ACE Ltd. said Tuesday profit tumbled in the fourth quarter as a result in volatility in the credit and equity markets. AOLDeep recession predicted for UK Britain's credit crunch-hit economy will suffer a near-unprecedented contraction this year, according to Capital Economics. The organisation predicts a three per cent decline - matching the forecast of moneyextra.com£5 toaster `works as well as a £100 model` Credit crunched Britons might not need to spend big to get high-quality appliances - if the example of the humble toaster is to be believed. Consumer group Which? conducted tests of the various toasters moneyextra.comA third of Britons rely on credit card for daily items such as groceries Almost a third of Britons rely on their credit card for daily items such as groceries according to Post Office research. co.uk1 2 3 4 |
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