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Banco Itaú BBA's Candido Bracher: 'The Party Will Not Be as Fancy as Before' (Knowledge at Wharton)
Economic crises around the globe have often hit Brazilian banks hard, with capital flight hammering the country's currency, the real. But Brazil's financial institutions seem better positioned to weather the current worldwide credit crunch, although lending there is just as frozen as it is elsewhere, according to Candido Bracher, president and chief executive officer of the São Paulo-based Banco ...

Beware - "Quantitative Easing" is Hallucinogenic (Kitco.com)
American bankers are so fearful of a replay of the 1930's Great Depression, they've finally reached the point of "No-return," – lending $30-billion to Uncle Sam at a rock-bottom interest rate of zero-percent.

Auto failure could cost 582,000 jobs: report (CTV Toronto)
The fallout for Canada's economy if the Detroit Three automakers were to fail would be catastrophic, resulting in nearly 600,000 jobs lost, a new report claims.