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Charles Evans

Credit crunch set to hamper US lending

US growth could fall by up to 1.5 percentage points over the next year as a result of tighter borrowing conditions, a report prepared for the US Monetary Policy Forum has found. The report also estimates the losses on mortgage securities will total $400…

Fed's Evans sees pause in rate cuts

Charles Evans, the president of the Chicago Federal Reserve Bank, said that the recent interest rate reductions taken by the Fed should be sufficient to help promote moderate growth over time and mitigate the risks to economic activity.

New president of Chicago Fed

The Federal Reserve Bank of Chicago today announced that Charles L. Evans will become the bank's ninth president and CEO as of September.

Zambia converting debt into marketable securities

The Zambian government has converted part of its long term debt owed to the Bank of Zambia (BoZ) into short-to-medium term marketable government securities in a move to boost the central bank's scope for liquidity management in the economy, the Times of…

Joint Forum: Outsourcing in Financial Services

The Joint Forum released a report entitled Outsourcing in Financial Services for consultation on 2 August. The report examines the growth in outsourcing in the financial sector and the trends that have accompanied this growth.

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