Bank finance articles and tips

Most investors I talk with are panicking. Greece is a whole lot of trouble, and now it's Italy that's the major concern as the interest rate on bonds now exceed 7 percent. People now talk about a likely bailout in Italy.

I would not be so sure about it. For many reasons, no one really wants either Greece or Italy to default. Surely a default would mean bad news for a lot of banks, but it could also mean a global loss in the world's economy. As if the growth was not slow enough nowadays in developed countries...