World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Crisis Awaits Worldâs Banks as Trillions Come Due
Keywords:
A worldwide trend to shorter term borrowing means that institutions and sovereign governments will compete in the capital markets, as they try to roll over existing borrowing by 2012. The US has $1.3 trillion to roll over by 2012. Worldwide about $5 trillion has to be rolled over, and of this $2.6 trillion is in Europe. With the European financial crisis which started in Greece it is becoming harder for sovereign governments to borrow in capital markets at favorable rates. A former economist of the Bank of England says this is of the highest importance for lending and for growth. The implications are reduced lending by banks to businesses and consumers, reducing output and growth, and limiting reductions in unemployment. It is a big issue say analysts, as debt needs to be rolled over over shorter periods. Moody's study shows new bond issues by banks during the last 5 years matured at an average 4.7 years. The stress say experts is likely to be on the less healthy banks like the savings banks in Spain, Landesbanks in Germany. Stress tests on European banks will be out July 23, 2010.
Business as usual at banks but serious operational problems says Whalen of Institutional Analytics in 2009
08/23/2009
A study of FDIC data for regional and community banks shows situation worsening in 4th quarter 2009. The stress tests for big banks use a 9% loss rate and we are already there says Whalen.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
A Dubious Way to Prevent Fiscal Crisis
New York Times 06/04/2010
What the Stress Tests Didn’t Predict
New York Times 08/23/2009
How the Fed Can Avoid the Next Bubble
Wall Street Journal 10/06/2009
Recession Spells End for Many Family Businesses
Wall Street Journal 10/06/2009
The Banking System Is Still Broken
Wall Street Journal 10/16/2009
Europe's Banks.
07/09/2010
Issues of European banks, including recapitalization.
Grouped Articles
Europe's Elusive Stash of Cash
Wall Street Journal 07/09/2010
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
European banks: The last idealists
Economist 12/11/2010
French Banks Warned on Their Greek Debt
Wall Street Journal 06/16/2011
Wall Street Journal 07/13/2011
U.S. Bank Stocks Fall on Anxiety About Europe
New York Times 08/18/2011
Voices of caution about the economic recovery in the U.S. as underlying problems remain.
04/20/2008
Underlying problems in foreclosure rates, job losses, and toxic assets at banks remain unresolved, even as the stimulus spending plans and the Fed's putting money into the economy fast have helped restore some degree of confidence.
Grouped Articles
New York Times 10/10/2010
The Wage That Meant Middle Class
New York Times 04/20/2008
A Trap in Obama’s Spending Plan
New York Times 12/21/2008
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
New York Times 02/13/2009
New York Times 03/06/2009
The American economy in 2010-2012: Looking ahead the risks and possibilities.
10/01/2009
Housing, hiring, the strength of the stimulus and capital spending will determine what 2010-2012 looks like for the U.S. economy.
Grouped Articles
Michelin Issues Cautious Outlook
Wall Street Journal 10/01/2009
2010 Looks 'Highly Uncertain,' Zoellick Says
Wall Street Journal 10/02/2009
Economist 10/01/2009
Economist 10/01/2009
Economist 10/01/2009
Hiring, Business Investment and Other Big Variables That Will Drive 2010 Economy
Wall Street Journal 12/28/2009
Need to roll over short term debt of close to $4 trillion will limit growth in the U.S. and Europe.
07/11/2010
A trend to short term borrowing and the competing role of banks and sovereign governments in bond issuance, is likely to put additional stress on capital markets worldwide. This is true especially in Europe which has $2.6 trillion to roll over by 2012, according to analysts. The stress will ber greater on less healthy financial institutions in Europe.
Grouped Articles
Sovereign-debt managers: Rollover roulette
Economist 10/16/2010
How Righteousness Killed the World Economy
New York Times 10/12/2014
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
New Doubts on EU Bank Stress Tests
Wall Street Journal 07/20/2010
New York Times 08/21/2010
Tom Keene Talks with David Stockman
BusinessWeek 08/12/2010
European Banking Authority E.U. Stress tests for banks in 2010 and 2011
10/02/2009
Stress tests for banks in Europe in July 2010 and in 2011.
Grouped Articles
Wall Street Journal 07/16/2011
Stress Tests Won't Prevent the Next Financial Crisis
Wall Street Journal 03/19/2014
EU's Top Banks Pass Stress Tests
Wall Street Journal 10/02/2009
Document Contradicts EU Bank Statement
Wall Street Journal 10/06/2009
Wall Street Journal 10/03/2009
Moody's Questions Spanish Banks
Wall Street Journal 10/14/2009
Spanish banks- bad loans and reserves.
10/14/2009
Grouped Articles
Moody's Questions Spanish Banks
Wall Street Journal 10/14/2009
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
Spanish Bank Tackles Toxic Assets
Wall Street Journal 02/01/2011
German Refusal on Bank Aid Mars European Summit
New York Times 10/19/2012
Spain's banks
07/09/2010
Grouped Articles
Spanish Banks More Vulnerable Than Italy's
Wall Street Journal 07/13/2011
Spain's banks: Two cheers, three tiers
Economist 10/02/2010
Spain's Bankia Returns to Profit
Wall Street Journal 02/04/2014
Loan Growth Suffers at Spanish Banks
Wall Street Journal 11/13/2015
Spain to Approve Cajas Regulatory Overhaul
Wall Street Journal 07/09/2010
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
Consumer lending 2009 and beyond after the credit market crisis.
12/08/2009
Grouped Articles
Wall Street Journal 12/08/2009
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
Growing Risks for the U.S. Economy in 2010-2012.
01/04/2010
Risks of another hit from losses on home equity loans to bank balance sheets in latter part of 2010. The situation with local and state governments in the USA cutting back significantly. The situation in Europe and an overheating Chinese economy.
Grouped Articles
The Home-Equity Hurt Ahead for Banks
BusinessWeek 04/14/2010
Beware a Bernanke-Fueled Market Bubble
BusinessWeek 05/13/2010
Don't Rule Out a Double Dip Recession
Wall Street Journal 05/24/2010
Wall Street Journal 05/22/2010
Real Disposable Income: Bad News for Democrats?
BusinessWeek 06/03/2010
Wall Street Journal 06/12/2010
David Stockman says Republicans have given up their role in doing financially responsible budgeting for decades.
07/11/2010
The budget deficits, Reagan's Budget director says, developed to this point after decades of irresponsivble budget behaviour that has lasted gone on for four decades. He says the Greece style deficit of 120% of GDP for the USA by 2015 calls for austerity.
Linked Articles
Four Deformations of the Apocalypse
New York Times 07/31/2010
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us