News
Trichet sees “pressing need” for fiscal responsibility
Announcing that interest rates would be kept unchanged, ECB president calls for governments to formulate realistic exit strategies
Officials must prepare for higher US saving: Geithner
Acknowledgment needed that American savings rates will be higher post crisis, US Treasury secretary Tim Geithner warns
CNB’s Singer blasts media portrayal of CEE
Czech National Bank’s Singer rails at blanket assessments of central and eastern Europe
Fed’s Dudley warns of looming commercial property woe
New York Federal Reserve’s William Dudley flags risks from commercial real estate sector, says strains restraining recovery
Bank economist to head Nomura’s European team
Peter Westaway leaves the Bank of England, joins investment bank as chief economist for Europe
Australia hikes rates in surprise move
Reserve Bank of Australia joins Bank of Israel in tightening borrowing costs on signs recovery in full flow
Geithner wades into World Bank funding debate
Tim Geithner says governments must support World Bank’s bid for more capital after officials question governance model
G30 calls for smaller IMF board, surveillance revamp
Group of Thirty wants four European members off International Monetary Fund board, says all countries must agree to surveillance reports
DSK picks ex-Japanese politician to succeed Kato
International Monetary Fund managing director proposes Naoyuki Shinohara as next deputy managing director
Former Bank official to advise Treasury on stability
Alistair Clark to advise Whitehall on financial stability
Nomura deputy says thanks for Lehman
Nomura's UK vice chair says he is “extraordinarily grateful” for biggest bankruptcy in history, says bankers not greedy, just playing by the rules
Tucker: “no clear idea” on too-big-to-fail fix
Bank of England's Paul Tucker acknowledges lack of clarity in solving too-big-to-fail problem
Nigeria removes three more bank bosses
Phase two of the Central Bank of Nigeria’s special examination shows four more banks were in dire straits
FSA’s tough liquidity requirements spook bankers
The Financial Services Authority’s tightened liquidity rules could impede recovery, says trade group
Strauss-Kahn cagey on reform details
International Monetary Fund managing director says “much too early” to discuss details of new plans for lender-of-last-resort role
Bankers play down moral hazard
Institute for International Finance says banks will not take advantage of too big to fail, says capital rules could hinder growth if too harsh
Strauss-Kahn covets lender-of-last-resort role
Dominique Strauss-Kahn says International Monetary Fund must become a global lender of last resort to temper emerging Asia's desire to hold reserves
Norway’s SWF pushes for independent chairmen
The investment management arm of Norges Bank files shareholder resolutions seeking independent chairmen with four US companies
Banks and their profits will shrink: Buba’s Weber
Bundesbank president says industry will benefit from post-crisis blood-letting
World Bank unit launches $5 billion bad-debt fund
Debt and Asset Recovery Program (DARP) will debt and asset recovery in both middle income countries and in smaller, poorer developing countries
Bernanke calls for extended supervisory reach
Ben Bernanke’s five-point plan for regulatory reform includes call to share accountability for systemic risk with other regulators
Minneapolis Fed names macroeconomist as president
The Federal Reserve Bank of Minneapolis appoints academic Narayana Kocherlakota as its new president
Bank of Ghana appoints new governor
Economist and former deputy finance minister Kwesi Bekoe Amissah-Arthur takes over from Paul Acquah
Imbalances: this time it's different, says Blanchard
International Monetary Fund sees growth recovering to 3% next year but warns that without imbalances fix, long-run picture remains bleak