Libor Is Coming to an End
It has been an arduous process to get the financial system to stop relying on the tarnished interest-rate benchmark.
Posted inBanking and Financial Institutions Europe European Central Bank Eurozone Inflation (Economics) Interest Rates Lane, Philip Richard Wages and Salaries
Europe’s Inflation Issue Moves Into a New Phase: From Profits to Wages
The European Central Bank expects to bring down inflation, with a big caveat: Companies need to let profits fall as they pay for higher wages.
Posted inBanking and Financial Institutions Barr, Michael S Disasters and Emergencies Federal Reserve System United States Economy
Stress Tests Show Largest Banks Are Sturdy, Fed Says
The Federal Reserve tested banks’ ability to endure a real estate crash, high unemployment and trading turmoil.
Posted inBank of England Banking and Financial Institutions European Central Bank Federal Reserve System Inflation (Economics) Interest Rates Lagarde, Christine Powell, Jerome H Ueda, Kazuo United States Economy
Top Central Bankers Expect More Rate Increases Amid Stubborn Inflation
The heads of the Federal Reserve, European Central Bank and Bank of England said that while inflation was moderating somewhat there was still more work to be done.