Why Excessively Low Inflation Can Damage Economies

In explaining its surprise move Friday to inject more stimulus into the financial system, the Bank of Japan cited one main factor: Prices that are too low.

Eurozone and China risks trouble Bank of England

A revival of the eurozone crisis and the resilience of the Chinese economy are regarded by policymakers at the Bank of England as significant risks to financial stability.

IMF chief says banks haven't changed since financial crisis

The head of the International Monetary Fund has warned that a persistent violation of ethics among bankers and rising inequality pose a major threat to growth and financial stability.

BOE Seeks Derivatives Pact to Prevent a Repeat of Lehman Cascade

The Bank of England is seeking a global pact among banks to suspend default clauses in some derivatives contracts during a crisis, in a bid to ward off bank death spirals that cascade through the financial system.

US economy is growing within five years of collapse: Barack Obama

WASHINGTON: US President Barack Obama has credited the turnaround of American economy to the historic reforms in the Wall Street, put in place after the catastrophic financial crisis in 2008.

Carney says the Bank of England is 'open for business'

The Bank of England intends to boost the availability of finance for banks, a move which could help them lend to consumers.

US Federal Reserve wants yet another tool in its swelled policy kit

NEW YORK/WASHINGTON: The Federal Reserve is developing yet another tool to help it keep borrowing costs on target when the era of zero-interest rates eventually ends, suggesting policymakers may doubt their existing ways and means can handle the task on their own.

Study: U.S. economy less open than Romania's

The United States may advertise itself as an economy that’s open to the world. But compared with Singapore and Hong Kong, we’re practically behind a Berlin Wall of tariffs and trade barriers, according to a new study of economic openness from the International Chamber of Commerce.

Treasury reassures British savers over funds held in Cypriot banks' London branches

The Treasury has moved to reassure British savers in UK-based branches of Cypriot banks after eurozone finance ministers imposed a tax of up to 10pc on all savers in return for a €10bn bail-out of the island nation’s financial system.

Canada's Carney says more work needed to rebuild trust in banks

LONDON, Ontario (Reuters) - Banks and regulators must do much more to rebuild the trust in the financial system that was shattered in the recent crisis, Bank of Canada Governor Mark Carney, head of the G20's Financial Stability Board, said on Monday.

Iceland Wins Major Case Over Failed Bank

BRUSSELS — Iceland won a landmark case at a European court, ending an acrimonious legacy from the collapse of its banking system more than four years ago.