The SEC finalized new rules that will give more transparency to asset-backed securities and was ready to vote on reforms for credit rating agencies.» Read More
Discussing whether credit agencies wield too much influence, with Win Thin, Brown Brothers Harriman, and Andrew Busch, Money in Motion.
The debate has lasted longer and has been more intractable than anyone has expected, says John Chambers, S&P managing director.
Weighing in on what a downgrade of U.S. bond ratings will mean to investors and the U.S. government, with Roger Altman, Evercore Partners founder/chairman.
Moody's is punishing the wrong EU member by downgrading Ireland, Wilbur Ross Jr., CEO of WL Ross & Co., told CNBC Wednesday. If Moody's "downgrades enough people recklessly, nobody will be able to access the public markets in 2013. I think it's a ridiculous idea."
Ireland is the "one good student in the pool," says Wilbur Ross, Jr., WL Ross & Co. chairman/CEO, who continues to say Moody's is punishing Ireland at this point, making it harder for Ireland to access the public market.
One might argue that Greece technically defaulted when it could no longer borrow money from the capital markets to meet its obligations. Much like optimistic children who faithfully believe new sneakers make them run faster, the European Central Bank has engaged in fiscal gimmicks to delay the inevitable.
CNBC's David Faber reports equity investors in the US. look overseas for investment clues, as Portugal's bonds are downgraded to junk status.
Though rating agencies have warned that they would cut Greece's credit rating to default levels if a Greek rollover debt occurred, this would not trigger any credit default swap payout, David Geen, general counsel of the International Swaps and Defaults Association, told CNBC Tuesday.
CNBC's Eamon Javers details what would happen to investors if U.S. Treasurys lost their triple-A rating.
Privately, European officials and analysts have been complaining that the bulk of the main rating agencies – two out of three – are based in the US and not always objective when it comes to rating European countries. In Asia and Europe, officials are looking for solutions.
Cyprus has become the latest victim of the financial crisis in neighboring Greece after its credit rating was downgraded by ratings agency Fitch Tuesday.
Belgium became the latest small European nation to come under the cloud of having its credit ratings outlook cut on Monday. As rating agencies themselves are increasingly criticized, is this the threat it once was?
The credit ratings of some of the UK’s largest banks could be slashed because of worries about what will happen when the government stops propping them up, the agency said in a statement Tuesday.
Not many things have emerged from the quagmire of US Congress recently which have produced a truly pleasant surprise. But could the troubled asset relief programme - better known as Tarp - turn out to be one?
Why is Spain paying higher interest rates on its government debt than the UK? The answer to this question is illuminating: membership of a currency union makes a country fiscally fragile, writes Martin Wolf in the FT.
The government now borrows about 42 cents of every dollar it spends. Imagine that one day soon, the borrowing slams up against the current debt limit ceiling of $14.3 trillion and Congress fails to raise it.
The U.S. is headed towards the next major budget battle between the Republicans and Democrats. On May 16th lawmakers will have to vote to raise the $14.3 trillion debt ceiling or risk a default by the world's largest economy.
We're all used to hearing about how municipal bonds almost never, ever default.
William Gross, PIMCO co-CIO & founder, with perspective on S&P's negative outlook on U.S. credit and what the downgrade means for the markets.
Standard & Poor's lowered its outlook on the United States, kiwis fell, and Finland is frightening euro traders. Time for your Monday morning FX Fix.