An unlimited dollar fund was announced by the Bank of Japan last week in a effort to join European counterparts to lower the borrowing cost to banks and institutions hit hard by the
credit crisis.
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The latest efforts by these governments are expected to help money markets and freeing up credit worldwide.
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Breakdown:
·         Introduce U.S. [...]

Groupe Caisse d’Épargne on Friday announced that it had suffered losses of 600 million euro ($807 million), on derivatives trading done by a unauthorized team on the banks account.
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The bank, which is a large French mutual bank, is currently in merger talks with Groupe Banque Populaire, a rival French bank.
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“With the credit crisis in [...]

First off, I apologize for the title, I thought it was amusing.
After leading lender, Kaupthing Bank, was seized by the government of Iceland, all trading stopped.
The bank requested that the Icelandic Financial Supervisory Authority assumed the power of the bank.  The entire board has resigned, and the government is now running the board meetings.
The crisis [...]

In an effort to shore another large bank France, Belgium and Luxembourg are guaranteeing new loans and deposit at struggling firm Dexia SA for one year
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The drastic move was announced after an attempt to shore up the bank with $8.8 billion in direct cash did not save the stock for losing more then 15% on [...]

After a week long debate in the Senate/ House the United States answer to the the credit crises has been a $700 billion dollar bailout of the top investment institutions in the US. Many economist disagree with the bailout, as did most Americans.
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Now it is Europe’s turn to deal with there own banks. Most of which [...]

As posted earlier on WhyBanksFail.com (Will Fortis Fail? Fortis in trouble, European agencies plan over the weekend (September 28, 2008), Fortis — no buyers, why not 3 governments instead? (September 28, 2008) and Could Fortis Bank fail? European Banks might be next! (September 26, 2008)), according to CNN Money, Fortis has failed.
Who knows what this means for the other banks that [...]

It seems that Fortis is in such trouble, that European, Dutch and Belgian officials have been discussing the bank’s problems over the weekend.
An article on Bloomberg.com, Belgian, Dutch Officials Seek ’solution’ for Fortis, updates us on the status of the bank’s imminent changes.
Please discuss the topic in our new poll, Will Fortis Fail?  Or will [...]

Fortis, the Belgian-Dutch financial group, which only last year, was part of the consortium that took over Dutch bank ABN AMRO is looking like it might be in trouble.
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The Banking crisis is no longer only affecting the United States, now its impacting the global markets.
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Fortis, Belgium’s largest bank on Friday denied that it [...]