Posted AT 10:48 PM EST on 21/10/07
Banks respond to pressure for cleanup
WASHINGTON — — Representatives of the world's top financial institutions, under growing pressure to act decisively to clean up the high-risk credit markets, are vowing to improve their risk-management practices and wean themselves from credit-rating agencies.
The full text of this article has 604 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -864.41 | 8,406.21 |
| DJIA | -679.95 | 8,149.09 |
| S&P 500 | -80.03 | 816.21 |
| Nasdaq | -137.50 | 1,398.07 |
| Stock Profile | Sponsored by: |
|---|---|
 |
Video:
|
Technology 
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
MOST POPULAR
Most Popular
| Rank | Headline |
|---|---|
| 1. | Stocks plunge in broad selloff 4:22 PM
|
| 2. | The world of work in 2018 2:21 PM
|
| 3. | JPMorgan cutting 9,200 WaMu jobs 4:02 PM
|
| 4. | Ford puts Volvo up for sale 11:38 AM
|
| 5. | U.S. recession began a year ago 12:59 PM
|
| 6. | U.S. ignored warning to tighten lending rules 10:38 AM
|
| 7. | Canadian economy expands 1.3% 10:21 AM
|
| 8. | Oil drops below $50 a barrel 3:23 PM
|
| 9. | Godfrey to head National Post 5:36 PM
|
| 10. | The fall of the Celtic Tiger 26/11/08 4:02 AM
|
120Monday Manager
- Harvey Schachter Leadership lessons from the gridiron
- Plus: Finish 2008 impeccably
ROB Magazine
- Scammed
- Everyone mourned the death of financial adviser Rae Cowan—until they found out all their money was gone
Oxford Analytica
- Arab economies to grow despite setbacks
- Prospects are dented, but positive
Business Incubator
- Collaring Christmas shoppers' cash
- High-end Halifax pet boutique needs to entice recession-wary consumers to spend
The Law Page
- Turning to the Supremes
- Canada's top court asked to hear a case that has implications for the 50-year-old New York Convention
BARRIE McKENNAU.S. recession began a year ago
ERIC REGULYOil's unlikely alliances likely unnecessary
JUDITH MAXWELLWith the right skills, a community can lead its own recovery