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Bank News

China bank loans surge in March: central bank

Shanghai - China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.Domestic banks granted 1.05 trillion yuan ($168.7 billion) in new loans last month, down 12.
In the Media by AFP

ECB's Draghi: the strong euro could require policy action

Washington - European Central Bank chief Mario Draghi said Saturday that the bank may need to take action to stem the rising euro."The strengthening of the exchange rate would require monetary stimulus" as long as interest rates are already extremely low, he said.
In the Media by AFP

ECB, BoE want more lenient rules on securitized loans

Frankfurt - The European Central Bank and the Bank of England on Friday called for easier rules regarding certain securities so as to get credit flowing again in the eurozone economy.
In the Media by AFP

Eurozone's only female central banker takes office in Cyprus

Nicosia - Cypriot Chrystalla Georghadji became the eurozone's only woman central bank chief Thursday, facing the daunting task of guiding her country's banks out of a crisis that nearly sank the economy last year.
In the Media by AFP

Steady stimulus taper 'likely': Fed minutes

Washington - Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday.
In the Media by AFP

U.S. warns eurozone over deflation risk

Washington - U.S. Treasury Secretary Jacob Lew warned the eurozone Wednesday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank to boost growth.
In the Media by AFP

Bank of England set to hold record-low interest rates

London - The Bank of England is forecast Thursday to freeze interest rates at a record-low 0.50 percent, amid caution over the strength of Britain's economic recovery, analysts said.
In the Media by Roland Jackson (AFP)

Largest US banks ordered to raise capital buffers

Washington - US banking regulators on Tuesday ordered the eight largest "too big to fail" banks to raise capital levels in a bid to address weaknesses seen in the 2008 financial crisis.
In the Media by Veronica Smith (AFP)

IMF presses ECB to act soon against deflation

Washington - The International Monetary Fund on Tuesday urged the European Central Bank to act as soon as possible to fend off the deflation threat, amid worries about weak eurozone growth.
In the Media by AFP

Bank of Japan holds off additional monetary easing

Tokyo - The Bank of Japan on Tuesday stood pat on its monetary easing programme as it assesses the impact of a controversial sales tax rise introduced at the start of the month.
In the Media by AFP
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So, this is the (true) story of a man (just for argument's sake let's call him Jean-Pierre) who tried to make a...
Nov 10, 2011 in  Give A Smile A Day by Johnny Summerton - 1 comment
 

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