deposit guarantee

Ireland has made heroic strides in trying to deal with its economic problem after a spectacular property bust. But it is looking increasingly like it will not be enough. According to a senior Irish minister, the next stop for Ireland could…

The Irish government scrapped a planned recapitalization of Anglo Irish Bank and moved straight to full nationalization. While some may view this as a necessary move to shore up a troubled institution, I see this as ominous news because…

Citigroup is in serious trouble. The storied institution with $2 trillion in assets has seen its shares collapse and its reputation is in tatters as it goes cap in hand to the U.S. government for a bailout. Indeed, a solution must be…

Just a few moments ago I caught a very interesting post on Alice Cook's site UK Bubble. The gist of the post was that things are falling apart in Ireland very quickly. Given what we saw with Iceland, I have to ask: is Ireland next? I…

The European Union has finally shown that it can get Europe-wide crisis initiatives of significance passed. Not only many EU countries guarantee bank deposits, but now bank borrowing has been backstopped as well. At first blush, this…

This comes from the Sydney Morning Herald. I will have a comment on this post later today.UPDATE: combined with the news out of the EU regarding bank backstops and interbank guarantees, the news from Australia is now being greeted quite…

Today, the round-up is going to be exclusively on the credit crisis. The crisis has a distinctively European bent to it now as much of the news for the day comes from that area. But, Asia is also getting into the mix.In the US, the…

The Guardian is reporting that Gordon Brown and his Labour Government are increasingly on the defensive as the number of governments in Europe guaranteeing deposits increases.The first problem for the Prime Minister was that Building…

On the heels of weekend trouble at European banks, markets in Asia and Europe are selling off this morning. At the weekend, we learned that Hypo Real Estate, a finance behemoth in Germany with $700 billion in assets was feared to collapse.…

EU governments have woken up to the need to defend the banking system by guaranteeing all or some of their citizens' bank deposits. After Germany, Ireland and Greece, Denmark is the latest to do so. And Denmark may also be the one country…