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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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The deteriorating global economy means financial institutions now face total losses of $4,100bn on loans and other assets, the International Monetary Fund said on Tuesday, urging governments to take ??bolder steps? to shore up institutions ?? including nationalising them where necessary.
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Tim Geithner, US Treasury secretary, said the ??vast majority? of the nation??s banks are well-capitalised and damped investor fears that the government will wipe out their holdings.
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The aggregate deficit of corporate UK pension funds reached more than £250bn in March, setting a record for a shortfall due in large part to the drop in gilt yields.
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A UK court has frozen more than $100m worth of assets belonging to Stanford International Bank (SIB) as US regulators ramp up their efforts to track how funds flowed between the complex web of international companies formerly controlled by Sir Allen Stanford.
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