Financial News, Economic Education, Analysis

The Abbé Pierre Foundation evaluates its 17th annual report to more than 3.6 million the number of inadequately housed or homeless, and more broadly to those 8 million affected by the housing crisis. The Abbé Pierre Foundation evaluates its 17th annual report to more than 3.6 million the number of inadequately housed or homeless, and [...]

Banco Santander has released Tuesday a net profit of 5.35 billion euros, down 35% as a result of new provisions for impairment of non-performing real estate assets. </ p> The largest bank in the euro area was the last of the Spanish banks to announce that it was setting aside capital to cover its exposure [...]

Wall Street has been able to maintain its gains Friday and turned down at the end of a shortened session and low volumes, a strong commercial start of the period of Christmas and New year could not compensate all fears arising from the debt crisis in the euro area.
However, U.S. consumers flocked to [...]

BNP Paribas, Societe Generale, Credit Agricole and BPCE on the list of large systemic banks that will be published Friday by the Financial Stability Board (FSB), said Nicolas Sarkozy, closing the G20 summit in Cannes.
The CSF must publish a list of 29 banks that need to raise capital and be subject to more [...]

Progress has been made in the ongoing discussions on the sovereign debt crisis in the euro area even though the solutions remain to be found by next Wednesday, said Saturday night French President Nicolas Sarkozy.
"There is progress," he said on his arrival in Brussels where he will hold talks with German Chancellor Angela [...]

The head of credit ratings of sovereign debt at Fitch Ratings said he was convinced that Spain and Italy were solvent but considered Friday that the two countries were potentially illiquid.
David Riley has also held that a creditor of last resort credible was necessary to Rome and Madrid, stressing that the European Central [...]

Employees of Boeing delivered Monday by hand – in the literal sense – in the pouring rain and their first 787 Dreamliner to Japanese carrier All Nippon Airways, ending the long chapter of a development that has accumulated delays.
The 500 staff of Seattle, with the help of a trailer mechanics, have conveyed the [...]

French banks are solid and have a problem or solvency or liquidity, reiterated Thursday the French Minister of Finance, Baroin, and the government spokesman, Valérie Pécresse.
The major French banks have seen their market value melted in recent weeks, partly because of the fear of the effects of the continuing crisis of debt in [...]

German Chancellor wants to avoid non-payment of Athens, which may affect other European countries. German Chancellor Angela Merkel (Blegrade by August 23, 2011)
German Chancellor Angela Merkel said Tuesday that it was necessary "to avoid any uncontrolled process in the euro area", referring to a bankruptcy of Greece as it is discussed with emphasis in [...]

The Federal Reserve chairman Ben Bernanke has failed Friday to announce new decisions to boost growth but felt it was vital for the economy to reduce unemployment in the long term.
Although it remains optimistic about the long term, the Fed chief has said that some changes were still troubling.He particularly said that the [...]