The ECB recently set up a task force with the European Investment Bank to assess ways to unblock lending to small- and medium-sized businesses, including promoting a market for ABS based on loans for smaller firms.
Greg Coffey, an aggressive trader once seen as the eventual heir of the $15 billion hedge-fund Moore Capital Management, is instead the latest money manager to throw in the towel and retire.
Bankers in Britain could in the future face being struck off an industry-wide register if they misbehave, if plans being drawn up by a U.K. banking group go ahead.
Norway, which chose to remain outside the EU and the euro currency, enjoys an enviably stable economy and a booming housing market — but it could be going down the perilous route taken by Spain and Ireland, according to economists and recent analysis.
The books for the new euro zone bailout fund bond are expected to open Tuesday, and the demand and pricing for the bond could show plenty about how the market views the euro zone’s prospects for success in the tussle with its debt crisis.
Spanish Prime Minister Mariano Rajoy has deferred seeking help from a financial assistance program that Europe has tailored to Spain’s needs. But many are increasingly worried about the costs of further delay.
Investors should not be spooked by recent events in the South African mining industry as the market offers a number of strong investment opportunities, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group told CNBC Monday.
"The key is to get Greece back on track, if we put upon them obligations that they simply cannot deliver on, because it's just too hard and too much -- the program is not going to be credible," IMF's managing director, Christine Lagarde told CNBC's Maria Bartiromo.
Central bankers have re-inflated the wedge between weak fundamentals and high market prices, but there is a limit to how long prices can deviate from fundamentals, Pimco's CEO says.