Topic: Economic Issues

Bank Closures

Bank Closures
People are seen inside the LibertyPointe Bank branch at 120 Broadway, Friday, March 12, 2010, in New York. Regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year following the 140 brought down ...
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Euro zone agrees bailout for Greece: report

LONDON (Reuters) - The euro zone has agreed a multi-billion euro bailout for heavily indebted Greece as part of a package to support the euro, the Guardian newspaper reported on Saturday. The 16 euro zone members have agreed on "coordinated bilateral contributions" in the form of loans or loan guarantees to ...
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Examiner unveils Lehman accounting tricks

Lehman's accounting gimmick helped firm hide debt, examiner says; could it mean legal trouble?An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the ...
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Two months after Haiti quake, aid groups still scrambling

Two months after Haiti's January 12 earthquake, aids groups were still scrambling Friday to provide for the 1.3 million people left homeless amid growing insecurity in Port-au-Prince. The kidnapping of two female aid workers, a Belgian and a Czech, cast a shadow over the relief operations carried out ...
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