`Panic' Strikes East Europe Borrowers as Banks Cut Franc Loans

Imre Apostagi says the hospital upgrade he's overseeing has stalled because his employer in Budapest can't get a foreign-currency loan.
The company borrows in […]

SNB `Up Against Wall' as Franc's Surge Hurts Exports

Pressure is mounting on the Swiss central bank to cut interest rates as a surge in the franc threatens to derail exports, exacerbating the […]

Common sense savings tips are back in vogue

Suddenly, I am a cool guy.
Savings habits I have preached and practiced for years — and the realization that avoiding waste is being […]

Why you’ll pay for federal spending cuts

Slashing government spending is certainly a phrase that plays well on the campaign trail.
But real spending cuts won’t mean fewer school administrators or […]

BOE's King Acted Too Slowly, Should be Replaced, Telegraph Says

Bank of England Governor Mervyn King should be replaced for reacting too slowly to the banking crisis that's helped push the U.K. into recession, […]

IMF Says More Europe Banks `May Fail' as Recapitalizing Slows

The International Monetary Fund said more European banks may fail as they struggle to raise fresh capital from investors.
In its annual review of […]

China growth slows; South Korean won lifted by bailout

South Korea’s $130 billion financial bailout gave its embattled currency a lift on Monday but did not dispel wider concerns about a global economic […]

Fed offers unlimited support

The Federal Reserve announced Monday it will offer an unlimited amount of dollars to three other central banks in an unprecedented move to provide […]

What rate cut? Interbank lending rates keep rising

NEW YORK — Governments around the world have slashed interest rates and ramped up their lending to unprecedented levels, but banks are still charging […]

Paulson: Using all tools

Treasury Secretary Henry Paulson said Wednesday that financial markets continue to be "strained" but he urged "patience" and said the federal government will use […]