Word: injections
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...reassure the public that its financial system can withstand the global crisis, Japan is dusting off an expired law allowing the government to inject capital into the country's regional banks and other financial companies...
Inflation or Deflation The amount of money that European governments and the U.S. are promising to put into the financial system is so vast - close to $2 trillion, if the cash injections and state guarantees are added up - that it could end up stoking inflation. Consumer prices have anyway been climbing for much of this year, as the cost of everything from oil to milk and cereal has risen. That trend is now changing as the global economy falters. Inflation leaped to a 16-year high in the U.K. in September, but elsewhere in Europe it has slowed, and economists...
...that use the euro to intervene in the crisis with huge financial assistance, Tuesday's repeat came as those measures were backed up by actual figures in both Europe and the U.S. In Paris on Monday, French President Nicolas Sarkozy pledged $488 billion to underwrite loans between banks and inject capital into troubled banks and financial groups. Similarly, German Chancellor Angela Merkel said up to $651 billion would be used for similar uses - though primarily limited to underwriting lending between banks. Austria, Spain and the Netherlands weighed in with similar plans under a coordinated euro-zone strategy that some analysts...
...Monday, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and FDIC chairwoman Sheila Bair announced a widely expected effort to inject $250 billion in government funds into the troubled U.S. banking system. The goal: to get banks lending again and keep the economy from grinding to a halt. The funds will come out of the $700 billion bailout package already passed by Congress...
...plan calls for Treasury to inject billions of dollars into the banking system. Paulson is requiring the nine biggest lenders in the country - including Bank of America, Citigroup and JPMorgan - to sell $125 billion of preferred shares to the taxpayer and to commit in return to lending out much of that money. That should have an immediate effect in reviving the lending business. Treasury is making another $125 billion available to smaller banks on the same terms...