Archive for December, 2011

Banks are lending again. After three years of Scrooge-like underwriting following 2008’s financial crisis, banks have turned on the spigot, boosting lending at annual rates as high as 8.2% since July, according to Federal Reserve statistics. Lending had fallen from mid-2008 through this year’s second quarter, deepening what became the worst recession since the Great […]

European policymakers are taking a page out of their American counterparts’ playbook to address their burgeoning sovereign debt crisis, banking analyst Dick Bove said. The European Central Bank already has begun its own version of quantitative easing, the program used by the Federal Reserve to recapitalize banks during the financial crisis that exploded in 2008, […]

NEW YORK – December is the month for stock market gains. But a Santa Claus rally on Wall Street is not gift-wrapped, with Europe’s debt crisis and political gridlock in the USA acting as potential Scrooge-like downers. December has long been the seasonal champ in stock performance, S & P Capital IQ says. It’s been […]