Bank of Canada governor Mark Carney said Friday the slowdown in the U.S. recovery is of “some concern” to the central bank and whatever unfolds will have a “significant” impact on this country’s economy.
In an interview with U.S. business network CNBC, he said the low level of U.S inflation — due to a debt overhang [...]
Posts Tagged ‘financial reform’
U.S. recovery slowdown a ‘concern’: Carney
November 16th, 2010 by Financial Writer
Tags: au, bank, banking, ben, borrow, borrowing, business, business network, Canada, central bank, China, crisis, Debt, economic, economic growth, economy, fed, Federal Reserve, financial, financial crisis, financial markets, financial reform, glo, Global Financial, home sales, household, households, housing, increase, inflation, marketplace, monetary, rate, recession, retail sales, sales, united states, us
more...Bernanke Boasts Of New Regulation Success In Speech
September 25th, 2010 by Financial Writer
Federal Reserve Chairman Ben Bernanke boasted about the improvements new regulations have provided to the old structure in a speech at Princeton University yesterday.
“First, the recent reform legislation has improved the design of the regulatory framework, closing important gaps such as the lack of oversight of the shadow banking system,” he said.
Bernanke also felt the [...]
Tags: Federal Reserve, financial crisis, financial reform, financial system, Global Economy, private bankers, us economy
Euro crisis: only root-and-branch financial reform can tame the wolf pack
May 15th, 2010 by Financial Writer
Dan Roberts argues that it may be satisfying to turn fire back on the financiers – but indebted countries have never needed them more.
In times of crisis, the complex world of international finance clings to a very old-fashioned store of wealth for reassurance: gold.
The price of this precious metal shot up during the great banking [...]
Tags: banks, economic recovery, euro zone, european central bank, financial, financial markets, financial reform, Global Financial, IMF, investors, recovery economy, stock market
Financial reform diluted with bankers in mix
March 24th, 2010 by Financial Writer
For all the proposals stuffed into its 1,336 pages, the financial reform bill that’s headed to the full Senate soon will change very little for the banks that brought us the most dire financial system crisis since the Great Depression, critics say.
When proposed a year ago by Senate Banking Committee Chairman Christopher Dodd, D-Conn., the [...]
Tags: bankers, banking system, financial reform, financial system, predatory lending
U.S. Treasury: economy to keep growing in 2010
February 14th, 2010 by Financial Writer
The United States economy is expected to continue growing this year, although global recovery remains fragile, Deputy U.S. Treasury Secretary Neal Wolin said on Sunday.
Growth of the world’s biggest economy is expected to cool this year after a burst of activity late last year as challenges remain in bank lending and policy-making.
“We expect to see [...]
Tags: bank lending, banking committee, financial reform, global recovery, us economy
Fed’s Dudley: Financial reform needs global scope
February 8th, 2010 by Financial Writer
A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday.
“Although the raging crisis appears to be over, our work is not close to being complete. Making sure this work keeps moving [...]
Tags: Federal Reserve, financial crisis, financial reform, financial system, us financial system
Dems, Wall Street water down financial reform
January 5th, 2010 by Financial Writer
“I have nothing to say except I know how Britney Spears feels,” said Rep. Barney Frank on Sept. 27, 2008, after yet another day in which a pack of journalists followed his every move.
In the frenzied early reckoning of the financial crisis, Frank, the 15-term Massachusetts Democrat known for being the second openly gay member [...]
Tags: banking industry, financial crisis, financial reform, legislators, us federal reserve, wall street