Topic: Private Banking

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Briefing
What would happen if Greece exited the eurozone?

Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.

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Briefing
What would happen if Greece exited the eurozone?

Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
The Daily Reckoning
Will taxing the rich really fix the economy?

The rich are roundly blamed for the country's economic woes. But the problems the economy faces run deeper than tax code matters.
Dow jumps 218 on market's biggest 2012 day

Bank stocks led the market to its biggest single day gain of 2012. The Dow rose 218 points to close at 13177, its highest close since 2007.
For stock market in 2011, the world was flat

Stock market, as measured by the S&P 500, ends the year just as it started. But stock market in fourth quarter staged an impressive rally, which could set the tone for 2012.
Stocks take a hit after Fitch warnings on US bank exposure

The Dow dropped 190.57 points to close at 11905 after Fitch ratings released a report saying that US banks could be "greatly affected" if Europe's debt crisis continues to spread
Obama's student loan debt-relief plan: Too good to be true?

President Obama has said he will help ease student loan debt, claiming he doesn't even need Congress to do it. It seems the Education Department has the cash to back him up.
European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
Gold futures could fall to $1,100

Gold futures overshot on uptrend, says analyst. Now, gold futures bottoming at $1,500 an ounce or, and that doesn't hold, to between $1,100-$1,200.
Global markets drop sharply on US, Europe outlook

Global markets reflect worry about rising interest rates for eurozone's weakest nations and possibility of a US recession. Among global markets to tumble most: Germany, down 5.3 percent and France, down 4.7 percent.
Jobs report eases US market, but EU feeling heat

A better-than-expected US jobs report helped abate selling pressures on Wall Street. But Europe's debt problems are pressuring EU officials to act.
Stocks close lower after choppy session

The Dow fell about 25 points, after rising and falling throughout the session. A positive call on commodities by Goldman Sachs drove up the price of oil and metals.
Vatican bank probe revives Catholic Church's past financial scandals

Italian authorities are looking into allegations of money laundering in the Vatican's bank, adding to the Roman Catholic Church's recent woes over sex-abuse scandals.
Ben Bernanke speech: Federal Reserve ready to act if economy worsens

Ben Bernanke, chairman of the Federal Reserve, expressed tempered optimism about the economy in a major speech Friday. Stocks rose slightly following his comments.
Robert Reich
Getting Wall Street out of Washington and Washington out of Wall Street

If Washington knew what was good for it and the nation, it would sever its financial connections with Wall Street. Better yet, it would enact legislation seeking to limit the impact of corporate money in politics. But that's not happening any time soon.
Student loan reform: What will it mean for students?

President Obama signed the Health Care and Education Reconciliation Act Tuesday, whose student loan reform will mean big savings for the US government, but not much change for students until 2014.
Stress tests behind them, banks move to pay back TARP funds

Some firms, including Morgan Stanley, race to prove they can fund themselves by turning to private investors.
Geithner's new bank bailout: Private investors hold the key

The Obama administration hopes federal dollars will serve as the catalyst to generate $1.5 trillion in private-sector investments.
On crisis, Europe to US: 'I told you so'

Europeans blame economic mess on US 'anything goes' capitalism as Iceland faces a full meltdown.
A scramble to unlock bank lending

US regulators are cranking out an array of options.
Anonymous activists gaining strength online

Using the Internet to hide, groups like Anonymous spread sensitive materials.