News
Book says Fed “challenged essence of democracy”
Pulitzer Prizewinner says Bernanke had more authority to fix subprime mess than any other individual
HKMA exchange fund records HK$23.3 billion profit
Hong Kong Monetary Authority says profits came on back of equities surge
Bank unveils commercial paper facility
Bank of England details Secured Commercial Paper Facility aimed at bolstering companies’ working-capital requirements
Bank stats show quantitative easing having little impact
Broad money measure targeted by Bank of England falls in June despite £125 billion-worth of quantitative easing
France to create joint banking and insurance regulator
French finance ministry announces plans to launch single banking and insurance supervisor next year
Temasek admits $28 billion-plus balance-sheet hit
CEO of Singapore sovereign wealth fund reveals portfolio loss and says it may open to public investment
Uncertainty clouds Italian gold tax
Silvio Berlusconi says gold levy criticised by ECB could be changed but Italian daily reports government plans to pass the tax in its current form
NY Fed’s Dudley says too premature to set exit date
New York Federal Reserve’s Bill Dudley says risks tilted toward weak growth and not high inflation
Heavyweight group dismisses mark-to-market fears
Group including Lucas Papademos and Jerry Corrigan clears accounting rules of role in crash
Fed bottom in government popularity poll
Gallup survey shows more than a fifth of Americans think that the Federal Reserve is doing a poor job as Bernanke steps up public relations efforts
Stevens’s crisis downgrade sends Aussie soaring
Markets jump on Reserve Bank of Australia governor’s upbeat outlook for economy
State-owned British banks to get a new boss
John Kingman steps down from the helm of UK Financial Investments on news that former Bank of England director will chair body
Fed to take early snapshot of consumer conditions
Federal Reserve launches investigation into how households are faring with de-leveraging
Hungary surprises with full-point cut
National Bank of Hungary slashes borrowing costs amidst continuing economic slowdown
People’s Bank to “guide” lending
Chinese central bank's nuanced policy reflects desire for growth coupled with stability
New BI deputy calls on banks to play their part
Darmin Nasution, the new senior deputy governor at Bank Indonesia, hints strongly that banks should reduce interest rates to reflect central bank rate cuts
Thai central bank lowers forecasts
Gloomier outlook for GDP and inflation as Bank of Thailand keeps rates on hold
Bank of Canada sees end to recession
Central bank brings forecast forward with positive third quarter predicted
Bankers warn against financial protectionism
IIF sees risk as a result of national governments’ efforts to restore confidence
US regulators stake their claim
Barack Obama’s plans give too much to the Federal Reserve say Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission (SEC) chiefs
Basel-based CPSS broadens membership
Central banks of Australia, Brazil, China, India, Mexico, Russia, Saudi Arabia, South Africa and South Korea to join the Committee on Payment and Settlement Systems (CPSS)
Tripartite governors first meeting
Governors of People’s Bank of China, Bank of Japan and Bank of Korea hold first annual summit
Emerging Asia already in recovery
Asian Development Bank sees strong recovery ahead for Asia’s emerging markets in 2010
Kenya paves way for recovery with loosening
Central Bank of Kenya’s cuts to its cash reserve ratio and benchmark rates seen as bold moves