Certainly, economic policy needs to nurture efficient domestic banking: for its own sake, and also because otherwise equity markets and other aspects of financial deepening may be held back.

ECONOMIST: Hot and cold running money | The

Snape, 40, was appointed to the role in May 2009 but much of his reign has been blighted by off-field disputes and the club's deepening financial problems.

BBC: Bromsgrove Rovers part company with manager John Snape

Investors and their advisors seem to be ignoring the deepening financial abyss faced by many states and municipalities at the same time they are issuing records amount of new debt.

FORBES: Muni Bonds: Panacea or Pandora's Box?

Citing a deepening financial crisis in telecommunications, U.S. Federal Communications Commission Chairman Michael Powell proposed that local telephone companies--the "Baby Bells, " such as SBC and Verizon--be allowed to bid for the remnants of WorldCom, whose major remaining asset is long-distance carrier MCI.

FORBES: Fact and Comment

It isn't hard to rattle off a list of things that could go wrong in the next 12 months, deepening the financial crisis and making it harder for individuals and families to preserve their savings and maintain their living standards.

WSJ: 2012: Taking a Look on Bright Side

Clinton admitted that the deepening impact of the financial meltdown, which is dominating the agenda at this year's meeting in Davos, had left many people frightened -- but said the global scale of the crisis proved that the world's nations could no longer afford to turn their backs on one another.

CNN: Turkish PM slams Israel over Gaza campaign

Investors are right to spot that the political effort to save the euro has finally picked up momentum over the past few days, stirred by worrying signs of a deepening credit crunch in European financial markets.

BBC: Germany, France and the ECB