Philip Chua Business Blog

Posts Tagged ‘banking system’

In currencies, trading saw more turbulence in the Euro Zone thanks to Greece’s second credit downgrade and a negative call out of Moody’s on the Irish banking system. Safe-haven flows out of peripheral debt weighed on the euro throughout the week, while year-end repatriation flows further aided dollar sentiment. Stresses…

In a very quiet week the most important development was the release of the Reserve Bank of Australia’s Financial Stability Review. Not surprisingly the assessment of the health of the Australian banking system was glowing. The banks’ growth since the last recession has concentrated on mortgages. Whereas in the last…

This week’s economic events will be dominated by the summit of G20 leaders in Pittsburgh, along with the latest US FOMC meeting. Key issues for discussion at the G20 include measures to regulate the global banking system and address global economic imbalances. Meanwhile, the US Federal Reserve meets again to…

Reuters – Switzerland knocked the United States off the position as the world’s most competitive economy as the crash of the U.S. banking system left it more exposed to some long-standing weaknesses, a report said on Tuesday.

Last year, as the gravest financial crisis since the Great Depression shook the banking system, Ben Bernanke seemed nearly as beleaguered as the institutions themselves.

THE Lehman Brothers collapse in September last year turned what was promising to be a bad economic downturn into a systemic crisis with the potential to rival the Great Depression. The resulting pressures on the banking system meant that by the end of 2008, credit valuations fell to unprecedented levels and were pricing in economic Armageddon.
However, policy responses extraordinary in both scope … more