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August 28, 2008 12:34:57 PM CDT

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Stories related to: central bank

Stories

6 Stories

  • August 2008

    • Banks Bracing as Their Own Debts Come Due

      Wall Street Journal  |  Aug 27, 08 9:24 AM CDT

      Banks Bracing as Their Own Debts Come Due

      (Newser) - Billions of dollars worth of floating rate notes—vehicles used by banks to borrow money—taken out in 2006 are coming due in the next few months, and the industry is bracing for a wave of bank failures and asset sales as institutions struggle to pay off obligations, the Wall Street Journal reports. As a result, analysts say, credit will tighten further, worsening the US economic slowdown. More »

      Tags

      credit crisis  • Merrill Lynch  • Goldman Sachs  • debt  • Morgan Stanley  • central bank  • interest rates

  • May 2008

    • Dollar Hits 6-Week High Against Euro

      Financial Times (UK)  |  May 8, 08 6:12 AM CDT

      Dollar Hits 6-Week High Against Euro

      (Newser) - The dollar hit a six-week high against the euro yesterday, leading relieved policymakers on both sides of the Atlantic to hope that the worst is over, reports the Financial Times . Analysts still reckon that Washington will continue its policy of benign neglect: a soft dollar encourages exports and reduces the trade deficit. But one key reason US and European officials are teaming up to help the dollar: a weak American currency has reinforced spiking oil prices. More »

      Tags

      US dollar  • euro  • weak dollar  • currency exchange  • central bank

  • March 2008

    • Banks Need to 'Fess Up on Risk: G7 Panel

      Wall Street Journal  |  Mar 29, 08 5:14 PM CDT

      Banks Need to 'Fess Up on Risk: G7 Panel

      (Newser) - Top financial regulators today challenged banks to come clean about risks they face, the Wall Street Journal reports. The Financial Stability Forum, a worldwide team of financial honchos—including several central bank chiefs—concluded that “hording of liquidity” was leading to “severe strains” in the lending market. Only greater transparency, they said, could restore lending confidence. More »

      Tags

      hedge fund  • credit market  • sovereign wealth funds  • credit market chaos  • central bank  • transparency

  • January 2008

    • Bank of England Governor Gets 2nd Term

      Reuters  |  Jan 30, 08 9:40 AM CST

      Bank of England Governor Gets 2nd Term

      (Newser) - Mervyn King has won a second term as governor of the Bank of England, the Fed's British counterpart, ending months of speculation about his future. Reuters reports that King will serve at the head of the UK central bank for another five years despite the City's fury at his handling of the credit crisis and the meltdown of Northern Rock. Several reports had suggested Gordon Brown and Alistair Darling were considering another candidate. More »

      Tags

      United Kingdom  • Gordon Brown  • Alistair Darling  • Bank of England  • central bank  • Mervyn King

  • September 2007

    • Soaring Inflation Rocks China

      Bloomberg  |  Sep 11, 07 3:36 AM CDT

      Soaring Inflation Rocks China

      (Newser) - China's soaring inflation rate is the highest in a decade, putting pressure on the central bank to hike interest rates for the fifth time in six months to cool China's superheated economy. Food prices have jumped 18%, raising fears of public unrest., Bloomberg reports. Consumer prices rose across the board 5.6% in July from a year ago, and 6.5% in August.. More »

      Tags

      China  • US economy  • inflation  • interest rate  • food prices  • central bank

  • August 2007

6 Stories

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