Financial news on August 29, 2010

Business and Financial news
Bankers Told Recovery May Be Slow

An authority on the history of financial crises points to a pattern of slow growth after “large destabilizing events” like the 2007 collapse of the housing market. Read more..

By SEWELL CHAN - The New York Times

In Hard Times, One New Bank (Double-Wide)

The only new start-up bank to open in the United States this year operates out of a secondhand double-wide trailer, on a bare lot in Lake Charles, La. Read more..

By ANDREW MARTIN - The New York Times

Monday: Where’s Claudius?

A Monday theme about clock things. Read more..

By JIM HORNE - The New York Times

See what else happened on August 29, 2010