According to a recent survey by CFO.com of finance executives, not only does it cost more to borrow in the current climate, but the quality and breadth of services available from commercial lenders has deteriorated. Seems the bankers are too preoccupied trying to...
In addition to the big bank recipients of TARP funds, seventy regional banks have applied. Graphic courtesy of American...
[via Alan Rappeport at CFO.com] Those seeking historical context for today's credit crisis and hoping to learn from John Kenneth Galbraith's The Great Crash of 1929 will have to wait. It's on back order at Amazon (until Nov 13) and apparently sold...
The market gyrations continue but over at The Economist, some signs of hope:THE world’s banking system may still be in intensive care, kept alive largely with the help of generous infusions of capital, liquidity and guarantees on lending from governments. Yet there...
A survey of corporate finance professionals attending the annual Association for Financial Professionals (AFP) conference in LA this week reveals that they perceive the credit market is stabilizing due to recent government actions. The U.S. Treasury plan to...
Nice to see an upward slope for a change... (updated) Coverage Wall Street Journal New York Times...
How does the current financial crisis compare to the Great Depression, and has the government learned the lessons of the 1930s? Watch this (brief) video commentary from Floyd Norris and Louis Uchitelle via The New York Times. And as long as you are watching videos,...
Finance chiefs tell CFO.com what impact the financial crisis is having on their companies, their access to credit, and their cash management strategies. [ NEW ] Hughes Communications's Grant BarberWhile the satellite internet company is sitting on a ton of...
Timely articles at GTNews: Europe's Response to the Market MeltdownSanjima DeZoysa, Editor, gtnewsIn Europe, it's every country for itself as the continent reacts to the credit crunch. Depositor guarantees and state intervention are the key talking points...
This week The Economist has a sobering article on the global impact of the credit crisis that contains pragmatic recommendations for government cooperation (easier said than done).By some measures, many European banks look more vulnerable than their American...
