Search Results for: banks
IMF Works With Bank Regulators on Contingency Plans for Greek Default
May 11th, 2015
Discussions with authorities in southeastern Europe aimed at girding for potential failure of bailout talks The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a ...
China’s central bank is just getting started
May 11th, 2015
China’s central bank is just getting started with its efforts to shore up the country’s struggling economy. The People’s Bank of China announced new interest rate cuts over the weekend, the third such action since November. The central bank’s benchmark one-year ...
France Restricts the Movement of Gold, Cash, & Crypto-Currencies
May 8th, 2015
France is the most socialist country in Europe; it always attacks anyone with money. France’s latest war on money is broadening to create a virtual lockdown on all assets. France is strengthening the control of cash payments drastically. Additionally, gold sales ...
UBS Sets Sights on U.S. Investment Banking Again
May 8th, 2015
UBS AG, which stumbled badly the last time it pushed to expand in the lucrative U.S. investment-banking market, is again seeking to build its business here—though this time with more modest ambitions. UBS AG, which stumbled badly the last time ...
China’s imports plunge in new sign of economic weakness
May 8th, 2015
China‘s imports and exports contracted again in April in a new sign of economic weakness, adding to pressure on Chinese leaders to reverse a politically dangerous slump. Imports fell by a bigger-than-expected 16.2 percent over a year earlier to ...
Carbon Trade Exchange to Enable ‘Clean Power’ Allowances
May 7th, 2015
Supports first mandatory cap-and-trade program in the US limiting carbon emissions in Northeast New exchange to provide liquidity for power companies, banks, brokers and traders Carbon Trade Exchange (CTX), the largest electronic spot trading exchange for global carbon credits, today ...
IMF says China FX policy should continue to allow more flexibility
May 7th, 2015
China should allow greater flexibility in its exchange rate policy by reducing intervention, as part of its efforts to secure a gradual moderation in growth while pursuing economic reforms, the International Monetary Fund said on Thursday. “To help deliver ...
Oil Sector May Not Cause Financial Apocalypse After All
May 7th, 2015
Across the oil patch, banks are starting to close off their exposure to some of the riskiest oil drillers. A new monthly survey from the Federal Reserve finds that banks that have issued loans to oil drillers are projecting some of ...
Greek Prime Minister concession keeps ELA alive
May 7th, 2015
ECB increases pressure on government for agreement, but offers another 2 bln euros in cash to local banks The European Central Bank is putting extra pressure on Athens for the completion of an agreement with creditors, pegging the maintenance ...
Yuan gains credibility as reserve currency
May 7th, 2015
France’s Credit Agricole Private Banking is advising its clients to add the Chinese yuan to their portfolios as the world’s second-largest economy looks to further liberalise its currency. High net worth individuals in the Arabian Gulf region should consider ...
