A top European Central Bank official is pressing for an agreement soon on a rescue package for Cyprus — a prospect viewed with little enthusiasm in Germany.
A top European Central Bank official is pressing for an agreement soon on a rescue package for Cyprus — a prospect viewed with little enthusiasm in Germany.
The German cabinet approved Wednesday a raft of tougher new banking rules to shore up the financial sector against future crises and make banks and insurers shoulder more of the responsibility should they go bust.
The German government unveiled Wednesday tougher new banking rules which it hopes will help prevent financial crises in the future and make the banks themselves bear more of the responsibility.
Egypt’s foreign reserves fell by almost 10 percent to $13.6 billion in January, the Central Bank of Egypt said in a statement on Tuesday published by the official MENA news agency.
Britain’s banks will be broken up if they fail to ring-fence retail operations from their investment divisions to avoid any future state bailouts of lenders, finance minister George Osborne warned on Monday.
WASHINGTON — The Federal Reserve left its ultra-loose monetary policy unchanged Wednesday, saying the US economy had “paused” in recent months largely due to transitory issues.
FRANKFURT — Eurozone banks are continuing to tighten their lending rules even as their own access to funding is improving, the European Central Bank said on Wednesday.
MUMBAI — India’s central bank cut interest rates on Tuesday for the first time in nine months and reduced the amount of cash banks must keep in reserve as it tried to boost investment and kick-start the flagging economy.
India’s central bank cut interest rates Tuesday for the first time in nine months and reduced the amount of cash banks must keep in reserve as it tried to boost investment and kick-start the flagging economy.
Leading world bankers at the World Economic Forum in Davos, Switzerland, are on the defensive amid demands to regulate their industry more closely following a financial crisis that has battered large chunks of the global economy.