Financial Industry, Europe Debt Crisis | featured news

Banks saved, but Europe risks "losing a generation"

Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.

 

S&P, Greek standoff pressure euro zone to boost defenses

Financial markets are unlikely to be derailed by mass euro zone downgrades but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.

 

FBI to investigate MF Global over missing funds: WSJ

The Federal Bureau of Investigation plans to examine MF Global Holdings Ltd amid concerns about missing client funds at the futures brokerage, the Wall Street Journal said Tuesday, citing a person familiar with the matter.

 

MF Global goes bankrupt, is 1st U.S. casualty of European crisis

MF Global goes bankrupt, is 1st U.S. casualty of European crisis

The Wall Street firm run by former Goldman Sachs Chairman and New Jersey Gov. Jon Corzine filed for bankruptcy Monday morning, making it the first big American casualty of the European debt crisis.

 

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