A source told Reuters that US Federal Reserve Vice Chair Janet Yellen was still the top choice to succeed Chairman Ben Bernanke in January.
Finance/Venture
ESMA seeks to have levies imposed on non-EU clearing houses
The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.
Polish Central Bank Governor says do business "in a smart and intelligent way"
Marek Belka, Poland's Central Bank Governor, had urged local banks to find opportunities through purchase of local rivals that are owned by foreign banks.
Aging population results in less effective monetary policy- column
Reuters columnist Allison Schrager said one of the reasons why the US Federal Reserve did not manage the recession as well as it should is the nation's aging population.
Euro zone needs macroprudential, counter-cyclical fiscal policies- Hugo Dixon
Hugo Dixon said the Euro zone needed macroprudential and counter-cyclical fiscal policies to mitigate the results of their single monetary policy.
Latest News
NCUA files case against Morgan Stanley and 8 others for selling USD 2.4 billion in faulty securities
A US regulator filed a case against Morgan Stanley and eight other lenders for selling faulty securities to two credit unions.
Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.
Pope Francis condemned the global economic system for idolizing money. In a visit to the port city of Cagliari, Sardinia, Pope Francis attacked the global economic system.
Leucadia National Corp bought USD 158 million worth of Harbinger Group Inc shares from Philip Falcone's hedge funds.
Sources told Reuters that the United Overseas Bank of Singapore and the Australia & New Zealand Banking Group was contemplating a bid for Wing Hang Bank.
Research from gadget insurer Protect Your Bubble revealed that over half of smartphone and tablet users in Britain performed emergency repairs of their unit.
According to a Forbes report, the use of mobile phones as mobile money platforms has grown. According to a Forbes report, the use of mobile phones as mobile money platforms has increased in South Africa.
The CFTC warned that all buyers must be allowed to participate and operations need to be transparent as required by the Dodd-Frank Act.
According to an article for Reuters, the banks' notion of capital being the US economy's savior was a farce.
