Category Archives: Finance

Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017

It’s time to talk about the balance sheet. Eight years after the Federal Reserve launched the first of three controversial bond-buying campaigns to help save the U.S. economy, its holdings are stuck at $4.5 trillion, and the question of when

Citi to make decision on Brexit plans in first half: Europe chief

U.S. bank Citigroup will make a decision on its Brexit contingency plans in the first half of the year and choose from a number of potential EU counties to relocate some investment banking business, the bank’s European chief said on

Japan finance ministry, BOJ discuss the start of Trump’s tenure

Top officials from Japan’s finance ministry, central bank and financial regulator met on Monday to exchange views on global financial markets, the finance ministry said. The meeting comes amid uncertainty about how financial markets will respond to U.S. President Donald

Bluffing Over Banks Is a Dangerous Brexit Strategy

By Mark Gilbert The British government is making a twofold gamble on finance and Brexit. First, ministers seem to believe that London’s financial firms are crying wolf when they warn about the potential domestic cost of a so-called hard Brexit. Second,

Brexit Bulletin: Finance Plays Jenga

The U.K.’s financial industry began 2017 as it finished 2016, with warnings that a botched Brexit would create havoc. London Stock Exchange Chief Executive Officer Xavier Rolet led the charge on Tuesday by telling lawmakers a disorderly split between the

London banks’ Brexit battle heads to Europe

By Andrew MacAskill and Anjuli Davies | LONDON Banks with large London operations say they will step up lobbying European officials because they are running out of arguments to convince the British government the industry needs single market access after

Modi to Open 16-Storey Exchange to Rival Singapore and Hong Kong

Prime Minister Narendra Modi is set to inaugurate an international exchange in Gujarat state’s new finance zone, seeking to grab some of India’s $48 billion in offshore banking activities from Singapore, Dubai and Hong Kong. Workers hang a sign outside

Summers Warns of Financial-Crisis Risk From Trump Economic Plans

Former U.S. Treasury Secretary Lawrence Summers attacked the policy proposals of Donald Trump on several fronts, saying the president-elect’s plans for deregulation were setting the stage for the next financial crisis. “The deregulation in some areas like finance is hugely dangerous,”

Rescue plan to leave Italy’s Monte Paschi ‘hyper-capitalised’ – economy minister to paper

Italy’s Economy Minister said on Thursday that the ECB’s recent request to Monte dei Paschi (BMPS.MI) to plug a capital shortfall of 8.8 billion euros will lead the lender to be “hyper-capitalised” but not “over-capitalised”, in an interview with Italian

What Global Bank Regulators Are Fighting About: QuickTake Q&A

Rarely have the people who look after the global banking system argued so stridently or so publicly. The members of the Basel Committee on Banking Supervision are racing to complete an overhaul of capital standards intended to strengthen the world’s