New York Fed President Tim Geithner has been in "close touch" with New York State Insurance Commissioner Eric Dinallo in discussions over how to handle problems at Ambac and MBIA, according to a Fed source.
The recent disagreements between the US and Switzerland over secret Swiss bank accounts is only a spat and the broader relationship has not been harmed, Martin Naville, CEO of Swiss American Chamber of Commerce, told CNBC Thursday.
The British public are "sleepwalking" into major spending cuts and tax increases and there "will be a very rude wake-up call for the majority of people who have no idea how bad the finances are for the country," Andy Brough from Schroders told CNBC Thursday.
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Current DateTime: 04:13:24 26 Nov 2009 LinksList Documentid: 27721522