Spain may have sank deeper into recession in the first quarter, but the executive director of the euro zone's largest bank says the economy will bottom out this quarter and sees green shoots appearing.
Spain may have sank deeper into recession in the first quarter, but the executive director of the euro zone's largest bank says the economy will bottom out this quarter and sees green shoots appearing.
At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
Mark Carney, incoming governor of the Bank of England, struck a cautious note on Monday, saying banks were now better placed to withstand financial shocks but warning that they still needed to reform further.