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👤Lisa Harris
🕔October 1, 2016
German Central Banker Andreas Dombret has compared the comet-smash and subsequent death of the dinosaurs to the current state of the banking industry.
“Some banks are already extinct and others are under great pressure to conform, and a lesson from the era of the dinosaurs is still true today: size is not a goal in itself, neither is the size of a single bank a guarantee of its survival,” he stated in a conference in Vienna.…
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👤Lisa Harris
🕔September 11, 2016
The Bank of Japan have embarked on an unconventional communications onslaught to fully elaborate their “comprehensive assessment” of policy, in spite of their actions the recent spate of speeches last week left markets even more confused last week. Two goals were signaled for review by the BOJ governor, Haruhiko Kuroda and his deputy Hiroshi Nakaso to provide a plan on how Japan will handle the issue of negative interest rates in the future and reveal why there is still a great chance that the Japanese economy will achieve its set 2% inflation target.…
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Greece to Miss Out on Fresh EU Bailout Funds this Month
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👤Isaac Ndegwa
🕔September 5, 2016
The Eurozone will not be releasing fresh bailout money to Greece during the Bratislava meeting to be held in September 2016. EU diplomats have been quoted indicating that Athens was supposed to have implemented 15 political reforms but only two have so far been done.…
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