Tag Archive for Banking System

Counterparties: Central banks warn about central banks | Felix Salmon

The BIS annual report is out, and you probably won’t read a more depressing economic brief this year. The gruesome details: Global economic growth in advanced economies was halved last year, to 1.6%, amidst an “abysmal fiscal outlook”; we have “a global banking system that is still dependent on economic support”; bank credit spreads are…

Germany comes round to idea of soft bailout for Spanish banks | In English | EL PAÍS

Germany is beginning to take on board Spain’s idea that a bailout for the Spanish banking system should not be on the same onerous terms as those imposed on Greece, Ireland and Portugal in exchange for their full-scale rescue programs, German sources said Wednesday. Follow the money. Find the profits!Liquidity is money. Regardless of where…

Carney-mania in full swing in Canada – MarketWatch

PORT TOWNSEND, Wash. (MarketWatch) — Imagine Ben Bernanke being described as a “fiscal and economic rock star.” Or envision a major U.S. financial publication touting Bernanke as a possible Presidential — or, in this case, Prime Ministerial — candidate. That’s exactly what’s been happening in Canada the past few months, the country’s central banker, Mark…