The European Union had switched the burden to aid troubled banks from taxpayers to shareholders, big depositors and bondholders, said a Reuters report.
Industry
Qatar tops financial centers index
Qatar, according to the latest Global Financial Center Index or GFCI 14 from the Z/Yen Group, is the top financial center in the Middle East.
Government shutdown may cause delay for mortgage closures
In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.
CEOs say shutdown would result in loss of economic gains
Many CEOs said that the extended budget impasse on health care reform would only result in greater problems such as loss of economic gains from the 2008 financial crisis.
India has survived the worst, according to CEO
According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.
Latest News
A new era of rigid fiscal scrutiny would be imposed by the European Commission to prevent repeated occurrences of financial turmoil and to aid the region's debt crisis.
After the Federal Reserve announced a halt on its proposed bond buying reduction program, the worldwide tension over the US monetary policy had also subsided, said a Reuters report.
Acquisition of previously owned homes had slumped in August while claims for jobless benefits became lesser last week which showed a contradicting signal regarding the health of the US economy.
Orders for US manufactured goods declined in August which showed a possible sign of companies holding back their investments due to uncertainties in US government spending.
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
China opened its free trade zone in Shanghai and was hailed as the country's boldest reform, according to a Reuters report.
Critics say the UK Prime Minister's Home to Buy scheme would only push home prices higher than expected.
JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.
In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.
