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ECB | European Central Bank: President’s Address at the 14th ECB and its Watchers Conference
Mario Draghi, President of the ECB, Frankfurt am Main, 15 June 2012 Ladies and Gentlemen, It is a great pleasure to take part in this fourteenth edition of the ECB watchers conference – and the first I am attending as President
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Bank for International Settlements – General Manager’s Speech: It’s Time to Address the Root Causes
Speech delivered by Mr Jaime Caruana, General Manager of the BIS, on the occasion of the Bank’s Annual General Meeting, Basel, 24 June 2012: Good afternoon, ladies and gentlemen. Five years after the start of the financial crisis, the world
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G20 Summit: Merkel still wants both Austerity and Growth in the Eurozone… but still no clue as to who will pick up the tab
Angela Merkel brushed off criticism of her focus on austerity, as the leaders of the world’s 20 largest economies focused their attention on the crisis in the Eurozone. In Los Cabos the EU largely postponed the discussion on the specifics
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MIGA (World Bank): During the Storm – Shift from North to South FDI
By Manabu Nose and Moritz Zander[1] At MIGA (the Multilateral Investment Guarantee Agency) we see the principal near-term risks for emerging market foreign direct investment (FDI) on the supply-side of financing. Despite a rise of emerging market risk perceptions, demand
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Stuart Gulliver keeps HSBC on Track for Focused Global Growth
HSBC is one of a hand full of truly global banks with both corporate and personal customers. As globalisation continues HSBC is extremely well positioned to take advantage of the shift of economic power to Asia, with its strong position
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Barclay’s CEO Bob Diamond Tops the List of High Earners
Bob Diamond, CEO of Barclays Bob Diamond, the CEO of Barclays Bank, is named as the highest paid CEO of any FTSE 100 listed company in 2011 usingr a new methodology designed to replicate rules being bought in by the government
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Dimon: Traders at JPMorgan Chase may face Bonus Clawbacks as Punishment
At the Senate Banking Committee on Capitol Hill, Jamie Dimon, 56, the CEO of JPMorgan Chase explained how some of the traders responsible for the losses would get hit in their wallets. “When the board finishes its review, which is
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Europe’s Depressing Prospects
By Michael Pettis Normally I don’t like to write about European prospects in the midst of a very rough patch in the market because in that case there isn’t much I can say that isn’t already being said. I find
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Share Trading Suspended in the Spanish Lender Bankia, Pushing Spain Ever Closer to Needing a Bailout
The Spanish market regulator CNMV said it was “due to circumstances that may affect the normal share trading”. There are reports that Bankia will ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board
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Brazil Has Reason to be Proud of First-Tier Banks
Reported by Marcos dos Santos. After a period of tension between the banking sector and the Brazilian government, the Executive Vice President of FEBRABAN (Brazilian Federation of Banks), Wilson Roberto Levorato, said recently, during a seminar of financial inclusion in
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