Search Results for: central banks
U.K. Regulator ‘Comfortable’ With Fund Managers Earning Millions
August 20th, 2014
Fund managers are entitled to be paid millions of pounds if they’re delivering high returns for investors, the U.K. markets regulator said, the first sign it won’t seek to impose wage caps on the industry. Regulators around the world ...
China Seen Taking Steps to Aid Growth After Credit Plunge
August 14th, 2014
China’s plunge in credit expansion last month and unexpected slowdown in investment spending flashed warnings on growth that investors and economists bet will spur policy makers to expand stimulus. Barclays is forecasting two second-half interest-rate cuts, while Australia & ...
China loosens monetary policy
August 11th, 2014
China loosened monetary conditions last quarter at the fastest pace in almost two years, a Bloomberg LP gauge showed, testing the waning effectiveness of credit in supporting economic growth. Bloomberg’s new China Monetary Conditions Index — a weighted average ...
ECB will receive 4.15 billion euros in crisis loans next week
August 8th, 2014
The European Central Bank will receive 4.15 billion euros ($5.56 billion) in long-term loans from Banks. The money will be given next week following charges of the ECB for holding banks; excess cash overnight and promised more long-term loans. ...
The Global Economy’s Groundhog Day
August 8th, 2014
In the movie “Groundhog Day,” a television weatherman, played by Bill Murray, awakes every morning at 6:00 to relive the same day. A similar sense of déjà vu has pervaded economic forecasting since the global economic crisis began a ...
ECB set to hold fire on rates, eyes risks from Ukraine conflict
August 7th, 2014
The European Central Bank is set to hold fire on rates on Thursday as it waits for earlier stimulus measures to gain traction, while keeping an eye on emerging risks from the conflict in Ukraine. The ECB cut interest ...
Indian police arrests bank chief over bribery
August 4th, 2014
Indian police have arrested the chairman of state-run Syndicate bank, Sudhir Kumar Jain, and several others over allegations of bribery. Mr Jain has been accused of taking bribes to raise credit limits of firms. The Central Bureau of Investigation ...
Will Europe start to lend again?
August 4th, 2014
The European Central Bank will take over supervising banks in Helsinki and Lisbon in November after finding out unprecedented scrutiny to their books. The reason for doing so is to restore confidence in the euro zone’s banks, battered by ...
Portugal will finance $6.6 billion to rescue Banco Espirito Santo
August 4th, 2014
It was a few months ago that Lisbon has exited an international bailout and now Portugal is planning to spend 4.9 billion euros in order to rescue Banco Espirito Santo its largest listed bank. The situation is definitely putting ...
Danske Bank Reprimanded by FSA for underestimating Risk of Loans
August 1st, 2014
Denmark’s financial regulator reprimanded Danske Bank A/S for underestimating the risk of losses in a part of its retail lending business. Denmark’s biggest lender couldn’t prove a group of consumer debt assets deserved a lower risk weighting than other ...
