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Jesse’s Cafe: Eisenbeis: What’s A Central Bank To Do (Besides Print Money,...
http://jessescrossroadscafe.blogspot.com/2011/04/eisenbeis-whats-central-bank-to-do.html “I thought this was a fairly nice thumbnail sketch of the problem facing the world’s central banks vis à vis the...
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ECB’s VP calls for private euro bank resolution fund | Reuters
Establishing a banking sector resolution fund financed by the private sector could provide a vehicle to act swiftly in the event of bank failures, the European Central Bank’s vice president said on...
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Fed seeks say over big bank dividends – Latest news around the world and...
The US central bank announced Friday it wants to carry out annual audits of large US banks, with the institution’s success or failure deciding whether it can pay shareholder dividends. The proposal,...
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Gloomy economic picture pushes yields lower | Reuters
U.S. Treasury debt prices rose on Friday as stocks slid on a new round of worries about the economic recovery, driving investors to the safety of lower-risk government debt. Even with benchmark yields...
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AFP: Finnish bank chief says debt top threat to economy
HELSINKI — The European debt crisis is the greatest external threat to Finland’s economy, the head of the Nordic country’s central bank said a day after EU ministers failed to devise plans for a second...
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SNB to boost franc supply to counter currency’s surge – International...
The Swiss National Bank said on Wednesday it would significantly boost Swiss franc supply in coming days and conduct swap transactions to counter a new jump in the safe-haven currency, but it stopped...
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Top German ECB official quits over bond-buying row | Firstpost
Frankfurt: A top German official at the European Central Bank resigned unexpectedly on Friday in conflict with the bank’s policy of buying government bonds to combat the euro zone’s debt crisis. The...
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China to ‘liquidate’ US Treasuries, not dollars – Telegraph Blogs
Ambrose Evans-Pritchard: The debt markets have been warned. A key rate setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as soon as...
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Europe’s Banks Caught in a Dollar Squeeze – WSJ.com
BY ANUSHA SHRIVASTAVA AND KATY BURNE European banks are finding borrowing an increasingly expensive proposition once again, as the afterglow fades from a coordinated central-bank plan to improve...
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Greece in creditor talks after default warning
Greece will continue talks with the IMF and EU after being warned to tighten austerity measures and ramp up state asset sales to secure rescue funds and stave off bankruptcy early next month. Greek...
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Pimco’s El-Erian: World on Eve of Another Financial Crisis
The world is on the eve of the next financial crisis, with sovereign debt its epicenter, said Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., which runs the biggest bond...
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King Loses Faith in Europe as Bank of England Responds to Region’s ‘Virus’ –...
Bank of England Governor Mervyn King has lost faith in European governments’ ability to resolve the region’s debt crisis. The central bank yesterday announced its biggest stimulus since the depths of...
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ECB Bond Buying Need Ends With New EFSF, German Motion Says – Businessweek
Oct. 25 (Bloomberg) — German lawmakers are set to vote on a non-binding call for the European Central Bank to end its secondary market bond-buying program once the enhanced European rescue fund is...
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China Could Give $100bn To Euro Bailout Fund | Business News | News Centre –...
Two senior advisers to the Chinese government told the Financial Times it was “very likely” to put money into the European Financial Stability Fund (EFSF). But they say any contribution would have to...
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