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.

Bank of England mulls negative interest rates

Paul Tucker, the Bank’s deputy governor for financial stability, raised the possibility in front of MPs after expressing concerns that current policies are not “reaching as far into the SME [small and medium sized enterprises] sector as we would like”.

Egypt to reopen IMF loan talks next month as crisis bites

CAIRO (Reuters) - Egypt will reopen talks with the IMF next month on a $4.8 billion loan, a minister said on Monday, and the government laid out plans to reverse a slide in currency reserves and tackle the dire state of public finances.

Italy's Silvio Berlusconi slams Europe's 'lords of austerity'

ROME: Italy's Silvio Berlusconi on Saturday said Europe's "lords of austerity" had tried to get rid of him, speaking in apparent breach of rules for candidates to stay silent the day before elections.

ECB's Asmussen: G20's credibility is at risk

BERLIN (Reuters) - The Group of 20's credibility is at risk because it has been primarily equipped to deal with crises and is less effective during normal times, European Central Bank board member Joerg Asmussen said on Friday.

Budget Cuts Seen as Risk to Growth of U.S. Economy

WASHINGTON — The fresh round of federal spending cuts scheduled to begin next week would slow economic growth in the next year, though not nearly as much as going over the so-called fiscal cliff might have, economists said.

BoE governor backed more stimulus for UK economy

LONDON (AP) — The Bank of England expressed growing concern over Britain's economy and came surprisingly close to backing another monetary stimulus in a move that piled further pressure on the pound.