Will Smaller Banks Get Government Help Too?
Some predict that as many as 1,000 banks could fail as a result of the nation's economic woes. Many of those banks will be of the smaller variety according to Stephen Gandel in Time.
Banks' Books Finally Start Seeping Some Truth:
Investors looking at the assets on a bank's balance sheet simply want a good estimate of how much they are worth. It's not easy getting a straight answer reports Jonathan Weil in Bloomberg News.
How Geithner Can Price Troubled Bank Assets
Both taxpayers and banks could come out well -- and so would our economy -- if the government were to buy the assets at their "net realizable value," says this WSJ article.
A Radical Presidency
People would probably coronate Mr. Obama if he merely revived the Dow Jones Industrial Average. The Dow's fall since the Sept. 14 collapse of Lehman Brothers and sale of Merrill Lynch to Bank of America has eviscerated the net wealth of Americans across all incomes .. from this WSJ editorial.
RBS Posts Biggest Loss in British Corporate History
The Royal Bank of Scotland posted an annual loss of 24.14 billion pounds ($34.4 billion) -- the biggest in British corporate history -- and unveiled a massive restructuring plan on Thursday that will offload many of its international businesses.
Europe Confidence at Record Low as Recession Deepens
European confidence in the economic outlook dropped to the lowest on record in February, making action from the European Central Bank more urgent as the recession deepens.
Government Offers Details of Bank Stress Test
The Obama administration ordered the nation's 19 biggest banks on Wednesday to undergo stress tests to check whether they could hold up if the economy deteriorated further.
