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Banks still have another $1.5 trillion of asset write-downs to declare on top of the $1.3 trillion already recognised, the International Monetary Fund warned today.
Continued weakness in the banking sector threatens to derail the nascent global economy, with banks not yet in any position to significantly boost lending, the latest IMF report warns.
Originally posted by GreenBicMan
damn euro zone girls
taking my meager profits for the week and heading back to the bread line
BULLETIN -- GENERAL MOTORS TO END SATURN BRAND.
Penske Automotive Group, Inc. shares plummet 11.78 percent in after hour trading as it terminates talks with General Motors.
Stocks Falter but Log Best Quarter in 11 Years
U.S. Recession Worst Since Great Depression, Revised Data Show