On the same day that the Bank of Canada warned that risks to the financial system haven’t abated, the European Central Bank echoed that position, as it also worries that a weak economy could undermine progress to repair the financial system.The ECB said Monday that many of the downside risks to euro area financial stability […]
While the mix of risks facing the financial system has evolved in the last six months, overall vulnerability has not, as improvements in financial system functioning are being undermined by global economic weakening, suggests a new report from the Bank of Canada.In the latest issue of the semi-annual Financial System Review released Monday, the Bank […]
Annual conference wraps up in Tel Aviv
World financial leaders meet in Beijing
U.S. Treasury will receive US$68 billion in repayment proceeds
Program will support much-needed trade finance in developing countries
Financial crisis underlines need for regulators to focus on cross-border risks
Unemployment to rise even after economic growth resumes, Fed chief cautions
Worldwide, synchronized nature of the meltdown has exposed the myth of local issues
Bank of America Corp. said Wednesday that it is well on its way to raising the US$34 billion in capital demanded by the U.S. banking regulators’ stress tests.The firm said it has raised almost US$26 billion in its capital plan since the stress test results were announced and is well on its way to reaching […]