Europe’s banks are lobbying to delay new rules on trading capital requirements and have privately warned that hasty reforms could harm lending, the Financial Times reported on Tuesday, citing unidentified bankers. Continue Reading…
Europe’s banks are lobbying to delay new rules on trading capital requirements and have privately warned that hasty reforms could harm lending, the Financial Times reported on Tuesday, citing unidentified bankers. Continue Reading…
The Irish parliament has approved legislation to establish a “bad” bank to absorb problem loans in the country’s troubled banking sector. Continue Reading…
The IMF on Saturday in Istanbul said the reforms by the Central Bank of Nigeria (CBN) to correct the “lax lending standards” in Nigerian banks would restore confidence in the banking sector. Continue Reading…
European banks may need to raise as much as 40 billion euros ($50 billion) of additional capital by 2010 because of loan losses in central and Eastern Europe, JPMorgan Chase & Co. analysts said. Continue Reading…
China’s central bank on Monday warned of deflation in the near term caused by continuing downward pressure on prices. Continue Reading…
The Bank of Canada is stepping up its battle against the financial crisis by embarking on riskier lending. Continue Reading…
A global set of rules to ensure banks set aside enough capital misled investors and regulators were slow in spotting risks in credit default swaps, Hans Hoogervorst, who heads the Dutch market watchdog AFM, said on Monday. Continue Reading…
The United Arab Emirates’ central bank stepped in to support Dubai after concern increased the emirate will struggle to repay its debt as global financial turmoil pushed up credit costs and burst a real-estate bubble. Continue Reading…
A top European Central Bank policy maker said he expects European lawmakers to give the central bank supervisory powers over big euro-zone banks whose businesses cross borders. Continue Reading…
Financial markets are forcing banks to restrict lending, and thus making the recession more acute than it would otherwise be, according to the president of the European Central Bank. Continue Reading…