The IMF missed signs of a banking calamity, lacked independence and failed to hold countries to account, the organization's internal watchdog has said. » Read More
The London Metal Exchange, the world’s largest metal-trading platform, should be able to get an offer of at least a billion pounds ($1.6 billion), CEO Martin Abbott told CNBC.
The European Central Bank will leave rates on hold on Thursday and continue to assess the impact on the economy of two rounds of cheap, 3-year funding for banks, analysts told CNBC, warning that the bank’s ability to fight the crisis is waning.
Repairing the economy and regulating banks is “the biggest challenge the Bank [of England] has faced for decades,” Sir Mervyn King said on Wednesday in a speech in which he conceded for the first time he should have “shouted from the rooftops” about risks before the financial crisis.
The UK had its latest testy exchange with the rest of the European Union Wednesday night, as Finance Minister George Osborne had an angry outburst at the negotiating table during talks about bank rules.
The chief executive of Societe Generale, Frederic Oudea, warned Socialist party French presidential candidate Francios Hollande against any move to break up the French banking system on Thursday as the financial institution announced first quarter earnings that declined from a year earlier.
Boris Schlossberg, Director of Currency Research, GFT Forex says the euro needs to weaken for the European economies to export themselves out of recession.
The worst is over for China’s commercial real estate industry and the government’s policy to provide more credit for private firms should help the sector, Zhang Xin, Chief Executive Officer of SOHO China, the largest property developer in Beijing said.
Markets are trending down after yesterday's huge spike. Michael Cuggino, Permanent Portfolio Family of Funds, and George Young, Villere Balance Fund, weigh in.
Insight on how U.S. hedge funds have been making money on the European banks, with Chris Wheeler, bank analyst at Mediobanca.
The European Union’s efforts in establishing a permanent rescue fund to prevent financial risks is ‘laudable’ and have boosted market confidence in the region, China’s Vice-Premier Li Keqiang said.
Spain should be restructuring its debt right now, Matthew Lynn, founder of Strategy Economics, told CNBC's "European Closing Bell," suggesting a 50 percent haircut on Spanish sovereign debt holdings now in order to get the country back on track.
Kevin Ferry, Cronus Futures Management, offers insight on what drove market movements in April. "The only thing that did good in April is the bond market," he tells CNBC's "Squawk Box."
The old adage of "sell in May and go away" applies this year just like it did in previous years as problems that plagued the economy in recent years remain unresolved, Richard Cookson, global chief investment officer at Citi Private Bank told CNBC.
Thousands of Greek workers were expected to protest austerity cuts as part of annual May Day rallies on Tuesday, days before a national election that risks derailing an international bailout keeping Greece afloat.
While the French presidential elections are drawing the attention of most in Europe, local elections in the UK, though unlikely to change the shape of Britain’s coalition government, could put pressure on its economic policy.
Euro zone policymakers should take a leaf out of the Federal Reserve's book when it comes to stimulating growth, as the rift between the world's two largest economies widens, according to analysts.
Having witnessed weak data reignite fears over global growth and the euro zone debt crisis stock investors could be forgiven for deciding to book first quarter gains and sell in May. In 2010 and 2011 a strong first quarter of the year was followed by heavy selling but one analyst believes this will not happen again in 2013.
European banks need bail-ins rather than bailouts of fresh capital, as the European Central Bank’s liquidity operations come to an end, according to ratings agency Fitch.
Hedge fund managers make for unlikely supporters of François Hollande, the French socialist presidential candidate, the Financial Times reports.
Consumer sentiment will remain weak across the euro zone as the region grapples with austerity, rising unemployment and the specter of recession—apart from Germany, where the economic fundamentals are underpinning a rise in consumer spending, Bob Parker told CNBC.