The European Central Bank is facing a potential crisis of its own because of "skeleton" risks amounting to several hundreds of billions of euros on its balance sheet, Dow Jones reported quoting Der Spiegel magazine.
While it’s a great idea to engage the one group responsible for systemic risk on the biggest systemic risk looming (the debt crisis), but the fact the FSOC hasn’t already addressed it means they are already behind the curve in what they are supposed to be doing.
With slow job growth, anemic economic growth at 1.8%, and a looming debt crisis, the United States is searching for answers. One of the solutions offered is individual and corporate tax reform.
Japan's in a recession, IMF leadership's in play, and the Brazilian real is on a rolll. Time for your daily FX Fix.
The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.
German Chancellor Angela Merkel reiterated on Thursday that she wanted a European to become the next IMF chief and that Dominique Strauss-Kahn's exit before the end of his term was an argument in favour of such a move.
This debt ceiling deal is going to be a tough slog. But I want to quote House Republican Majority Leader Eric Cantor, who told me on "The Call" Tuesday, there's an air of willingness” in the debt talks with Vice President Biden.