World Bank in D.C. this weekend

WASHINGTON (AFP) — World economic leaders here this weekend took steps to alleviate the worst financial shock in decades and a food price crisis that is sparking deadly unrest in developing countries.
In three days of meetings that ended Sunday, finance ministers and central bankers grappled with the credit squeeze and inflation emergencies against the backdrop [...]

Apparently… things are tough all over…

(London, UK - The Press Association): Prime Minister Gordon Brown and French president Nicolas Sarkozy will this week call on banks to come clean about the scale of their bad debts, in the hope of restoring stability to the international money markets.
Global financial turbulence will be top of the agenda at the premiers’ summit at [...]

Waiting for the Other Shoe to Drop?

Eroding confidence stings bank shares
By Carter Dougherty

Monday, March 17, 2008
FRANKFURT:
Volatile markets and worried policy makers on Monday offered clear evidence that the months-long financial crisis linked to the U.S. mortgage market has turned into an acute crisis of confidence in the global banking system.
Stunned over the weekend by the emergency [...]