Roger Myerson, professor of economics at teh University of Chicago and 2007 Nobel Prize Laureate, says Europe needs to "fundamentally" rethink its banking regulatory environment.» Read More
U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.
Petar Chobanov, finance minister of Bulgaria, says that the government bond issue last month is proof that international investors still have confidence after a recent bank run in the country.
WASHINGTON, July 7- Republicans in the U.S. House of Representatives on Monday introduced a bill that would require the Federal Reserve to disclose more information, and set a hearing to discuss reform at the U.S. central bank.
WASHINGTON, July 7- Two U.S. congressmen introduced a bill on Monday aimed at adding further scrutiny to the actions of the Federal Reserve. Bill Huizenga, a Republican from Michigan, and New Jersey Republican Scott Garrett introduced H.R. 5018, the Federal Reserve Accountability and Transparency Act, according to a memo obtained by Reuters.
NEW YORK, July 7- The dollar weakened against the yen and the euro on Monday, in line with strengthening Treasuries, as investors continued to digest last week's strong U.S. employment report and speculated about when the Federal Reserve is likely to begin raising U.S. interest rates.
NEW YORK, June 27- Each month, 42- year-old Abdirizak Alibos shows up at a money transfer business in the heart of Minneapolis to send $500 to his three children in war-torn Somalia.
Under the agreement with the creditors, Puerto Rico Electric Power Authority may delay certain payments currently due until July 31.
WASHINGTON, July 7- Republicans in the U.S. House of Representatives, who have proposed bills to audit the Federal Reserve and to limit its policy mandate, on Monday set a hearing to discuss measures aimed at the U.S. central bank.
The market reaction to Erste Bank's announcement that it expects to book a net loss was "harsh" but "understandably so," CEO Andreas Treichl said.
NEW YORK, July 7- The dollar weakened on Monday against the Japanese yen as investors continued to digest last week's strong U.S. employment report and speculated about when the Federal Reserve is likely to begin raising U.S. interest rates.
Slovakia's banking industry is "pretty liquid", well-capitalized and has low levels of non-performing loans, says Jozef Sikela CEO of Slovakia's largest commercial bank, Slovenska Sporitelna.
WASHINGTON, July 7- The U.S. House Financial Services Committee has set a hearing for legislation to reform the Federal Reserve. The hearing, announced by Committee Chairman Jeb Hensarling, a Republican from Texas, is set for Thursday. Spokesmen for the committee were not immediately available to provide more detail about the hearing.
Problems in Hungary and Romania that led to a profit warning by Erste Bank understandably panicked investors, said Andreas Treichl, CEO of Erste Group, adding that the market reaction was "harsh".
NEW YORK, July 7- The U.S dollar inched higher against the euro on Monday but pared some early gains, as investors continued to digest last week's strong U.S. employment report and speculated about when the Federal Reserve is likely to begin raising rates.
Mark Okada, Highland Capital, reveals where he is finding opportunity in bank loans.
Nobel Prize-winning economist Joseph Stiglitz said on Monday he is "very uncomfortable" with current stock market levels.
MILAN/ PARIS, July 4- Late on May 23, Italian financier Andrea Bonomi phoned executives at his country's two largest banks seeking more than 200 million euros in loans to help him bid for French holiday resort company Club Mediterranee.
The big danger for Europe's banks in the second half of the year remains over-regulation, says Chris Tinker, founder of Libra Investment Services.
LONDON, July 4- Banks in the European Union should refrain from offering customer accounts in virtual currencies like bitcoins until regulatory safeguards are in place, the bloc's banking watchdog said on Friday. The EU's executive European Commission responded by saying it was imperative to look quickly at possible regulation.
Erste dropped by 14 percent after the bank, which is the third-biggest lender in emerging Europe, warned that fresh hits from Romania and Hungary would drive it to a record 2014 loss.
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