Repairing the economy and regulating banks is “the biggest challenge the Bank [of England] has faced for decades,” Sir Mervyn King said on Wednesday in a speech in which he conceded for the first time he should have “shouted from the rooftops” about risks before the financial crisis.
A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay. The NYT reports.
Will New Jersey Gov. Chris Christie toss his hat into the ring for Vice President? Steve Kornacki, Salon.com and Robert Costa, National Review, weigh in.
Insight on how U.S. hedge funds have been making money on the European banks, with Chris Wheeler, bank analyst at Mediobanca.
CNBC's John Harwood reports on President Obama's visit to Afghanistan on the one-year anniversary of the killing of Osama bin Laden.
With controversy building over its role in a Mexican bribery scandal, Wal-Mart’s desire to stay out of the limelight will now be put to a test. To help weather the fallout, Wal-Mart will rely on the relationships it has worked assiduously to develop in Washington during the last decade — relationships that its critics say have insulated it from political threats. The NYT reports.
May Day, Europe’s equivalent to the U.S. Labor Day, is traditionally a protest day, a symbol for workers and trade unions, but upcoming elections in France and Greece are bringing a new level of political importance to the annual holiday.
Thousands of Greek workers were expected to protest austerity cuts as part of annual May Day rallies on Tuesday, days before a national election that risks derailing an international bailout keeping Greece afloat.
CNBC's John Harwood reports on President Obama's stump speech to a trade union today, and debating whether the Keystone XL pipeline is the remedy for job creation, with Brad Woodhouse, Democratic National Committee and Sean Spicer, Republican National Committee.
From catfish to Rage Against the Machine, Rep. Paul Ryan has become perhaps the most influential policy maker in the GOP, its de facto head of economic policy, The New York Times says.
Consumer sentiment will remain weak across the euro zone as the region grapples with austerity, rising unemployment and the specter of recession—apart from Germany, where the economic fundamentals are underpinning a rise in consumer spending, Bob Parker told CNBC.
Standard & Poor's (S&P) Ratings Services announced on Monday that it had lowered the credit rating of 16 Spanish banks. The downgrade came ahead of an announcement of Spain’s first quarter GDP figures, which showed the country had fallen back into recession.
Tens of thousands of protestors took to the streets of Spain’s capital on Sunday to protest against new austerity measures that will hit health and education benefits.
Is Tim Geithner the most politically partisan treasury secretary in history? Certainly sounds like it these days. As the government’s chief financial officer, he’s spending a lot of time firing campaign barbs at various Republicans and their policies.
Spain will be downgraded further by credit agencies, the managing director of Roubini Global Economics said on Friday, because its balance sheet is so large that it can’t resolve its problems by spending cuts alone.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
The front-runner for the French presidency, the Socialist candidate François Hollande, said on Wednesday that if elected he would ask other European leaders to renegotiate a fiscal treaty in order to promote growth, the New York Times reports.
Geithner expressed confidence in U.S. economy despite Europe's woes, slammed Mitt Romney's approach to China policy and dismissed as "remarkably hackish" a Romney adviser's critique of President Obama's tax policy.
Treasury Secretary Timothy Geithner discusses his support for President Obama's recovery efforts and shares his views on economic fixes, European austerity and China's economy.
CNBC's John Harwood discusses the details of his interview with Treasury Secretary Timothy Geithner, who also addresses Romney advisor Glenn Hubbard's claims in a Wall Street Journal op-ed.