The Bank of England in its report on financial stability said about the growing risks to financial stability associated with the situation in the debt markets in various regions of the world. Among the risks that grow against the backdrop of the departure of the world's largest central banks from too mild policies are the newly emerging doubts about Italy's ability to service the national debt, as well as the continued fears of high debt burden in China. Experts of the British Central Bank worry about the growth of corporate lending in the US, the volume of which for the first quarter of this year rose to 290% of the profits of companies. Large foreign-currency debts have been accumulated by governments and the private sector of emerging markets, which may face problems as a result of the strengthening of the dollar and raising interest rates in the United States.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...