Wednesday, April 7, 2010 as of 11:14 AM ET
The International Monetary Fund (IMF) is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement.
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Spain's Bankia SA is set to ask the state for a more than 15 billion euros ($19 billion) bailout on Friday, marking another rise in the cost of a drawn-out rescue of the country's fourth-biggest bank.
The capital shortfall at Bankia is key to a wider funding gap in Spain's banking system, which some investors believe could drive the euro zone's fourth-largest economy to seek international aid - a move that would create fresh uncertainty around the whole currency union.Spain is nationalising Bankia, which holds some 10 percent of the country's bank deposits, after it was unable to handle heavy losses from a 2008 property crash. The government insists the bank is a one-off case.One London-based analyst said the government's handling of Bankia had undermined confidence in whether the figure announced would be enough. "Whatever they say, people are going to think it's not enough. The process has been going on for so long already."Earlier this week Economy Minister Luis de Guindos told a con...The impact of a Greek exit from the euro zone would be substantial but "manageable", Germany's Bundesbank said on Wednesday, raising pressure on Athens to keep its p...
The U.K's coalition government is preparing a "massive" increase in state-backed investment in housing and infrastructure projects in a bid to stimulate the country'...
FBN’s Lou Dobbs on the impact of the Greek debt crisis on the European and U.S. economies despite the country’s small size.
Greek banks expect to receive 18 billion euros ($23 billion) of recapitalization funds by Friday, news reports said Tuesday, citing Greek bank officials. The Helleni...
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain th...
International Monetary Fund head Christine Lagarde Tuesday called on euro-zone governments to accept more common liability for each other's debts, saying that the re...
Europe needs an insurance plan for bank deposits that goes beyond national borders to head off bank runs fueled by fears of a change in currency, University of Chica...
The International Monetary Fund on Tuesday called on the Bank of England to further ease monetary policy in an attempt to close the gap between actual and potential ...
As Greece threatens to exit the euro zone, Europe's policy makers will avoid a 'worst-case' financial and economic crisis by using its short-term tools to save the m...
A French prosecutor on Monday said an investigation has been opened into charges that former International Monetary Fund head Dominique Strauss-Kahn was involved in ...
Tangent Capital Senior Managing Director James Rickards on the impact on the U.S. of Europe’s economic woes.
ACAPULCO, Mexico -(Dow Jones)- Mexican banks expect to continue to expand lending this year despite a complicated international financial outlook due to troubles in ...
Canada's official international reserves fell $167 million in the week ended May 23, the Bank of Canada reported.The official international reserves totaled $68.638 ...
Greece's central bank governor said Thursday that Greek lenders will receive a capital boost of EUR18 billion either Friday or Monday to cover losses stemming from t...
European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the co...
Banking regulators need to be more explicit about how soon they want banks to meet tough new rules on capital and liquidity, Bank of England official Andrew Bailey i...
European Parliament President Martin Schulz said Wednesday that member states may be preparing for a Greek exit of the euro, but reminded that all countries within t...
As jitters about Greece leaving the eurozone reach a boiling point, one of the key lessons of the Lehman Brothers collapse should loom large over the heads of policy...
On Wednesday, gold ( NYSEARCA:GLD ) futures for June delivery dropped $28.20 to settle at $1,548.40 per ounce, while silver ( NYSEARCA:SLV ) futures fell 66 cents to...
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