EU Stress Test Shows How Capital Rules Give Room to Hide

The European Union’s toughest-ever stress test was meant to leave banks with nowhere to hide. The results show how the bloc’s capital rules got in the way.

Federal Reserve tells banks: you're not prepared and you could cause another crisis

US regulators have warned 11 giant banks which submitted unrealistic contingency plans in the event of bankruptcy that unprepared lenders could plunge the world into a new financial crisis.

Bank of England keeping an eye on UK 'microwave' housing market, says chief economist Spencer Dale

The Bank of England is closely monitoring the UK’s “microwave” housing market, its chief economist, Spencer Dale, said today.

Wall Street is bracing for a dismal 4th quarter

For most Wall Street bankers, 2011 was a year they would rather forget. Investors will soon find out just how bad that year was for the country's biggest financial institutions.