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 [...]

Is it good that central banks still decrease interest rates?

In last weeks many central banks all over the world were cutting interest rates - some of them very sharply. In the beginning of October there was a broad action of central banks (FED, ECB, central banks in UK, Switzerland, Canada and Japan) who decreased the interest rates. Later on there were further cuts in [...]