Interest rate cuts continue throughout Europe

Yesterday we had another episode of the “interest rates cutting” story. European Central Bank decreased the rates from 3.25 to 2.50, and Bank of England cut rates from 3.00 to 2.00. These are another radical cut rates in recent weeks. The rates were cut also in Sweden and Denmark. Almost all countries in Europe struggle [...]

US governments helps CitiGroup - who will be next?

Yesterday US government officials announced that the state will help another US banking group - Citi Group. Firstly, the government will directly invest $20 billion in the company (CitiGroup will issue preferred stocks). Secondly, US state will secure over $300 billion in securities and loans. This is another “try” to calm the markets and fight [...]