Recent Posts

EU loyalist raises alarm over ‘cliff edge’ facing banks

Bloomberg One of the European Union’s most loyal members is voicing deep unease at the path Brexit negotiations are on. Denmark, which joined the EU the same year as Britain, is urging Brussels to work much faster to avoid the dysfunction that would ensue in the event of a so-called hard Brexit. A key concern is that the EU still ...

Read More »

One in 10 of Chinese banks flunks PBOC test

Bloomberg About one in 10 of China’s 4,000 banks received a fail rating in the central bank’s first review of the industry’s risks, highlighting challenges facing the nation’s $45 trillion financial system. Four hundred and twenty firms, all rural financial institutions, were deemed extremely risky after scoring eight or higher out of 10, according to the 2018 China Financial Stability ...

Read More »

Indian bonds rout may end on RBI binge

Bloomberg With India’s central bank emerging as the biggest buyer of government debt, some traders are calling time on a rout that’s lasted more than a year and sent benchmark yields soaring to a four-year high. The Reserve Bank of India bought 860 billion rupees ($11.8 billion) of bonds between May and October, and plans to inject 400 billion rupees ...

Read More »
Send this to a friend