Governance
New York Fed starts search for Geithner successor
The New York Federal Reserve has set up a panel to search for a successor to Tim Geithner, the current president of the central bank who was last week announced as the new treasury secretary.
Basel Committee tackles fair-value rules
The Basel Committee on Banking Supervision has responded to the furore surrounding mark-to-market rules and published a consultative paper on fair-value practices.
CBK's Ndung'u flouted rules on hotel sale: report
An inquiry into the sale of a Nairobi hotel accuses Njuguna Ndung'u, the governor of the Central Bank of Kenya, of flouting procurement rules, local media has reported.
Ex-Fed's Volcker to head economic recovery group
Paul Volcker, a former chairman of the Federal Reserve, will head a new committee to foster growth and financial stability.
Canadian deputy resigns
Sheryl Kennedy, a deputy governor at the Bank of Canada, is to leave the central bank next week.
Fed's Warsh mooted as Geithner's successor
Kevin Warsh, a governor of the Federal Reserve, has been tipped to succeed Tim Geithner at the helm of the New York Fed.
Public to blame for inflation: Zimbabwe's Gono
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has said the public are to blame for the country's bout of hyperinflation.
Economists back Bernanke
Private-sector economists have come out in strong support of Ben Bernanke, the embattled chairman of the Federal Reserves, suggesting that the new Obama administration should reappoint him in January 2010.
Bloomberg sues Fed
Bloomberg, a news agency, filed a lawsuit against the Federal Reserve on Friday, alleging that the central bank had refused to disclose public information.
Zimbabwe returns charity donations
The Reserve Bank of Zimbabwe on Friday repaid $7.3m to a charity after it was found to have confiscated donations pledged to fight killer diseases.
NY Fed hires Bear Stearns' risk-management head
The chief risk officer at Bear Stearns, the now-defunct investment bank, has joined the New York Federal Reserve to advise on bank supervision.
Bank of Canada restructures to enhance stability
The Bank of Canada on Monday reorganised its senior management structure to better safeguard stability and improve its research capability.
Indonesia jails former governor for graft
Burhanuddin Abdullah, a former governor of Bank Indonesia, has been sentenced to five years behind bars for corruption.
IMF chief apologises for affair
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), has apologised for an affair with a former staff member, saying the relationship was "a serious error of judgment."
Caruana, Ortiz, Ingves interviewed for BIS job?
Jaime Caruana, Guillermo Ortiz and Stefan Ingves are the candidates for the top job at the Bank for International Settlements (BIS), a leading German financial daily reported on Friday.
Yamaguchi named new Bank of Japan deputy
Hirohide Yamaguchi has been made deputy governor at the Bank of Japan, filling a position vacant since March.
Fed $2.7bn down on Bear, GSE sell-off continues
The value of the assets held on the Federal Reserve's books as collateral for its $29 billion loan to failed investment bank Bear Stearns fell by 9.2% over the third quarter, it emerged Thursday. Data also showed foreign central banks flight from Fannie…
RBI strikes day after rate cut
An employee strike at the Reserve Bank of India shut down trading on the Mumbai bond exchange on Tuesday.
Bank appoints new financial stability director
The Bank of England has promoted Andrew Haldane, the head of its systemic risk assessment division, to executive director for financial stability.
Tokyo finally nominates deputy
The Japanese government has nominated Hirohide Yamaguchi for the role of deputy governor at the central bank, a position left vacant since March.
Bank appoints Magic Circle partner as legal chief
Graham Nicholson, a partner at Freshfields Bruckhaus Deringer, one of the City of London's most prestigious law firms, will become the Bank of England's chief legal adviser at the start of next year.