Central Banking
Benelux authorities part nationalise Fortis
The governments of Belgium, Luxembourg and the Netherlands have bought sizeable stakes in Fortis, Belgium's biggest lender, after capital fears triggered a cull in shares.
An offer they couldn't refuse
US Treasury secretary Hank Paulson's plan to buy troubled assets could prove the vital action in averting a financial meltdown. But only if the Treasury can take the right steps to put a floor under the market, says Claire Jones, the editor of Central…
Japan no exception to global threat: BoJ deputy
Kiyohiko Nishimura, the deputy governor of the Bank of Japan, has warned that the world's economies, including Japan, now face serious challenges.
Turkey justifies September hold
The Central Bank of Turkey's rate-setting committee in September opted to keep rates on hold despite an improvement in the inflation outlook.
Euro money-market survey 2008
The European Central Bank has published the preliminary results of its latest money-market survey.
House rejects Paulson plan, stocks plunge
The House of Representatives, the lower house of the US Congress, has rejected US Treasury secretary Hank Paulson's plan to buy up to $700 billion-worth of distressed assets.
Central banks pledge 7-day funds as plan stalls
Central banks in major financial markets have offered week-long loans in a bid to abate money-market tensions that have further heightened as talks on the US Treasury's plan to buy troubled assets have stalled.
Washington Mutual bust, bought by JP Morgan
US regulators on Thursday night presided over the biggest bank failure in the country's history, closing Washington Mutual, which was then sold to JPMorgan Chase.
Paulson plan is critical: Canada's Carney
Mark Carney, the governor of the Bank of Canada, has warned that the plan put forward by the US treasury secretary Hank Paulson to buy up to $700 billion in distressed assets is "critically important".
HKMA to probe Lehman complaints
The Hong Kong Monetary Authority (HKMA) is investigating complaints that banks have mis-sold investment products related to Lehman Brothers.
Fed's Fisher still warning on inflation
Richard Fisher, the president of the Dallas Federal Reserve who is considered the Federal Open Market Committee's (FOMC) most hawkish member, has signalled that he would still not back a rate cut.
We will suffer a while yet: Sweden's Ingves
Stefan Ingves, the governor of the Riskbank, has warned that Sweden will probably have to live with the financial market turbulence and the crisis in the US for a good while to come.
Issues for central banks' collateral frameworks
Research from the International Monetary Fund highlights four issues for central banks' collateral frameworks.
Saudi Arabian Monetary Agency - Annual Report 2008
Saudi Arabia's daily average oil output fell by 4.3% in 2007, the country's central bank says in its latest Annual Report.
US was prone to housing meltdown
The housing meltdown happened in the US, in part, because of its tax, legal and regulatory systems, research published by the Bank for International Settlements finds.
Ex-FSA's McCarthy wants more realism on risk
Financial institutions need greater realism and modesty about their risk management capability, said Callum McCarthy, a former chairman of the Financial Services Authority (FSA).
RBA justifies September rate cut
A slowdown in demand allowed for a cut in the cash rate by 25 basis points to 7%, according to minutes from the September board meeting of the Reserve Bank of Australia.
IMF ups crisis loss estimate to $1.3 trillion
The International Monetary Fund (IMF) now expects the US credit crisis to cost the global financial system $1.3 trillion.
Officials back plans to toughen liquidity rules
Regulators and central bankers from around the globe have endorsed plans to strengthen liquidity rules.
Saudi soothes markets as Gulf liquidity woes mount
The Saudi Arabian Monetary Agency on Thursday became the third central bank in the Gulf this week to counter money-market fears of a liquidity shortage.
Taiwan surprises markets with first cut in 5 years
The Central Bank of China (Taiwan) unexpectedly cut rates for the first time since 2003 on the back of fears that distressed financial markets could trigger a global slowdown in economic activity.
MPC members signal Bank won't cut just yet
Despite Sir John Gieve's indication earlier this week that he would back a rate cut in the coming months, comments by other members of the Bank of England's Monetary Policy Committee (MPC) signal rates will stay at 5% for the time being.
Why now is the time for the UK to join the euro
Just when nobody is expecting it, now could be a good time for the British government to announce its intention for the UK to join the euro area, says Robert Pringle, the editor-in-chief of Central Banking journal.
EU Commission competition claims wrong
It is the low level of cross-border account mobility, not low customer mobility in national markets, which hinders the EU's bank customers' ability to switch to a more competitive bank, says Deutsche Bank research.