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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: liquidity

liquidity stories: 30 news summaries

1 - 20 of 30 Stories | 1 2 Next >>

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Investors Ditch Once Lofty Cerberus Fund

Failed investments in Chrysler, GMAC have clients pulling $5.5B

Aug 29, 09 3:48 PM CDT
(Newser) - Hedge-fund investors are leaving once-vaunted investment firm Cerberus Capital Management in droves, the Wall Street Journal reports. The firm, whose acquisitions of Chrysler and GMAC turned disastrous, is seeing $5.5 billion in capital—or 71% of its hedge fund assets—walk out the door. "We have been... More »

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Chrysler • Cerberus Capital Management • investors • recession • hedge fund • Stephen Feinberg • liquidity • GMAC • economic downturn

(Newser) - The New York attorney general has told Charles Schwab he will sue the brokerage for civil fraud over its marketing of securities to clients, reports the Wall Street Journal. Andrew Cuomo alleges that Schwab's brokers had little understanding of the financial instruments and then failed to inform clients that the... More »

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debt • lawsuit • Andrew Cuomo • liquidity • brokerage • Charles Schwab Corp • auction-rate securities • brokers • financial crisis

OPINION

It's Too Soon for Feds to Ease Up on Economy

If Washington cuts off the cash, recession will worsen: Krugman

Jun 15, 09 9:42 AM CDT
(Newser) - With critics prematurely calling on Washington to scale back financial rescue efforts, economic history fans see “déjà vu all over again,” writes Paul Krugman in the New York Times. This is the third time a major economy has been stuck in a liquidity trap, and both previous... More »

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inflation • government spending • Federal Reserve • liquidity • Paul Krugman • economic stimulus package • Great Depression • financial crisis

OPINION

Geithner, Summers Outline New Regulatory System


Jun 15, 09 8:33 AM CDT
(Newser) - The current financial regulatory system “is riddled with gaps, weaknesses, and jurisdictional overlaps,” Treasury Secretary Timothy Geithner and Obama economic guru Larry Summers write in today’s Washington Post. They outline, in broad strokes, their plan to fix it:
  • Capital and liquidity requirements will be raised
... More »

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Federal Reserve • capital • liquidity • regulation • securities • Larry Summers • bank regulation • Obama administration • Timothy Geithner

Nationalize Some Banks:
Greenspan

Ex-Fed head abandons free-market purism, wants temporary move

Feb 18, 09 8:06 AM CST
(Newser) - Alan Greenspan, once famed for his light touch, now says the US may have to temporarily nationalize some banks. The former Fed chairman said in an interview with the Financial Times that some institutions need government ownership to restore liquidity and help shore up the larger financial system. "In... More »

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Federal Reserve • Alan Greenspan • nationalization • liquidity • laissez faire economics • bank failure • Lindsay Graham

(Newser) - An ongoing Israeli embargo has cut off cash flow in Palestine's Gaza Strip and forced banks there to close, the Financial Times reports. With a Muslim holiday approaching on Monday, tens of thousands are said to be broke; some stormed an insolvent bank this week, prompting officials to shut... More »

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Palestinian Authority • Israel • Gaza • Hamas • liquidity • banks • cash

MARKETS

 Dow Rises 173 in Volatile Day 

Fed's beige book reports economic contraction

Dec 3, 08 3:25 PM CST
(Newser) - Stocks pulled higher again today after a roller coaster day that saw the Dow swing temporarily into triple-digit losses, the Wall Street Journal reports. Despite dour data on the economy, stocks rose ahead of a November jobs report, due Friday, that is expected to report large losses. The Dow gained... More »

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Federal Reserve • Dow Jones • Nasdaq • liquidity • S&P 500 • service sector • Libor

 GM Loses $4.2B, Has Little Cash 

Talks with Chrysler dead

Nov 7, 08 11:30 AM CST
(Newser) - General Motors is almost out of money, the company said today, reporting a quarter far worse than Wall Street was prepared for. The nation’s largest automaker lost $4.2 billion, or $7.35 a share, excluding special items, nearly double the $3.70-per-share analysts expected. After burning through $6.... More »

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General Motors • earnings reports • liquidity • auto industry • third quarter earnings • cash

Tough German Bailout Caps Bank Salaries

Bonuses, dividends
also nixed for
troubled firms' execs

Oct 20, 08 4:48 AM CDT
(Newser) - The German cabinet approved the terms of a $645 billion bailout plan today—which includes a salary cap for top bank managers. Banks who take part in the bailout must cap managers' salaries at about $670,000 and withhold bonuses and dividends. Some of Germany's top banks have said they... More »

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Germany • Deutsche Bank • liquidity • bonuses • mortgage backed securities • salary cap • bailout

Central Banks Scramble to Feed Cash Into Markets

Biz slows as
bailout talks stall

Sep 26, 08 7:00 AM CDT
(Newser) - The world's central banks are frantically spraying money into the economy to prevent it from seizing up as the US bailout package stalls and confidence plummets, Reuters reports. The holdup in Washington has made edgy commercial banks even more inclined to hoard cash and not lend to each other—leaving... More »

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Federal Reserve • financial markets • central bank • European Central Bank • liquidity • credit crisis • Bank of England • Libor • financial crisis

Fed Grabs Another $30B in Currency Swap

Lines set up with banks in Australia, Europe to ease credit

Sep 24, 08 10:00 AM CDT
(Newser) - The Federal Reserve announced today that it had set up another $30 billion worth of currency swap lines—designed to put more dollars into world markets—in its latest effort to deal with the credit market. The Fed arranged two $10 billion reciprocal circuits with Australia and Sweden’s central... More »

MORE ABOUT:
Ben Bernanke • currency • currency exchange • liquidity • US dollar • bailout • financial crisis

 10 Banks Form 
 $70B Fund to 
 Stave Off Crash 

Paulson brokers twin public-private liquidity measures

Sep 15, 08 5:27 AM CDT
(Newser) - Ten of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times. All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay... More »

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Wall Street • Citigroup • Bank of America • Barclays • Goldman Sachs • Federal Reserve • Credit Suisse • Henry Paulson • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • funds • Lehman Brothers • liquidity • investment banks • JPMorgan Chase

Medvedev Urges Calm in Russian Market Crisis

With stocks off big,
bank chief warns of
lack of liquidity

Sep 11, 08 4:40 PM CDT
(Newser) - The Russian economy is skidding, and its leaders are giving somewhat contradictory messages, the AP reports. Shortly after President Dmitry Medvedev assured the public today that stock-market troubles don’t “reflect the actual state of the economy,” the chairman of the country’s central bank said “as... More »

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Russia • stock exchange • central bank • liquidity • Dmitry Medvedev • subprime crisis • oil prices • Sergei Ignatyev • stock index • financial crisis

Fed Extends Emergency Loan Program for Wall Street

Bernanke offers several options for cash-strapped firms

Jul 30, 08 11:09 AM CDT
(AP) - The Federal Reserve today extended its emergency borrowing program for Wall Street firms through Jan. 30. Originally the program, through which investment houses can tap the central bank for a quick source of cash, was supposed to last until mid-September. Another program, where banks can temporarily swap more risky investments... More »

MORE ABOUT:
Federal Reserve • Treasury Department • liquidity • credit • credit crisis

 Paramount Loses
 $450M Funding Deal 

The failure is part of a larger trend as liquidity dries up

Jul 15, 08 1:39 PM CDT
(Newser) - A $450-million deal with Deutsche Bank that would have financed up to 30 films for Paramount is off the table, the Financial Times  reports. Perhaps an unlikely casualty of the credit crunch, Paramount walked after a lack of enthusiasm in the market led to terms that were unattractive, persons familiar... More »

MORE ABOUT:
Deutsche Bank • Transformers • Paramount Pictures • liquidity • Star Trek • movie financing • weakening economy • movie industry • investment banks

Barclays Seeks Liquidity With $8.85B Offering

More than half will be bought by Qatari, Japanese investors

Jun 25, 08 8:45 AM CDT
(Newser) - Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the... More »

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Barclays • Royal Bank of Scotland • liquidity • subprime crisis • stock offering • Qatar Investment Authority • Sumitomo Mitsui

Shareholders Rubber-Stamp Bear Selloff

84% OK JPMorgan buyout; chairman 'sad' over firm's demise

May 29, 08 12:21 PM CDT
(Newser) - The buyout of Bear Stearns neared finality today with 84% of shareholders voting in favor of acquisition by JPMorgan Chase, the Wall Street Journal reports. Chairman James Cayne shared his feelings publicly with shareholders about the bank’s demise for the first time: "I personally apologize,” he stated,... More »

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shareholders • Bear Stearns • James Cayne • liquidity • credit crisis • investment banks • JPMorgan Chase

 Bear Bailout Called 'Worst Mistake in a Generation'

Bear Stearns move 'worst mistake in generation,' he charges

Apr 29, 08 8:18 AM CDT
(Newser) - A former top-ranking Fed official has called the central bank's decision to bail out Bear Stearns its "worst mistake in a generation," the Wall Street Journal reports. The official, former chief of monetary policy, compares the hasty move to errors that helped trigger the Great Depression. He accused... More »

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Federal Reserve • Bear Stearns • liquidity • banking • Great Depression • monetary policy • financial crisis

Cash-Strapped Borders Considering Selling Itself

Parts, or all, of bookseller on table, it secures $42.5M loan to keep going

Mar 20, 08 11:11 AM CDT
(Newser) - Bookseller Borders is considering selling itself or some of its divisions, the Detroit Free Press reports today. The company, based in Ann Arbor, Mich., is in the midst of a turnaround, but is desperately short on cash, today borrowing $42.5 million from its biggest shareholder, Perishing Square Capital Management.... More »

MORE ABOUT:
mergers and acquisitions • earnings reports • liquidity • bookstore • Borders • book • Pershing Square Capital Management • JPMorgan Chase

Fed Cuts Bank Discount 
Rate to Boost Liquidity  

Latest step to stem worsening credit crisis and bolster panicky markets

Mar 16, 08 7:21 PM CDT
(Newser) - The Federal Reserve raced to buck up an anxious financial sector today by cutting its discount rate to banks by a quarter point, to 3.25%, the AP reports. It also created a new lending facility to aid investment banks with short-term loans. The moves are "designed to bolster... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • US economy • liquidity • interest rate cut • federal loans

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