China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog. A gauge
The Swiss franc’s persistent strength has posed challenges for export-dependent Switzerland ZURICH—The undisputed king of currencies is Switzerland’s franc. And these days, no one is more disappointed
Saudi Arabia faces a vicious liquidity squeeze as capital continues to leak out the country, with a sharp contraction of the money supply and mounting stress in the banking system. Three-month interbank
Industrial and Commercial Bank of China, the world’s largest bank as measured by assets, and Agricultural Bank of China, No. 3 in the global rankings, are tapping the U.S. market by issuing renminbi-denominated
BRASILIA (Reuters) - Brazil’s central bank has placed nine banks under “special surveillance” and is closely monitoring the liquidity and stability of their operations, according to an undated internal
New data from the International Monetary Fund shows that Egypt is now Africa’s largest economy after Nigeria, pushing South Africa into third place, according to a report from KPMG on Wednesday (May 11).
by Doug Stotz, Arjun Saxena, and Sanchit Tiwari The U.S. banking industry has largely sat out the impressive surge in mergers and acquisitions activity of the last few years. Total deal volume hit a record
Photographer: Victor J. Blue/Bloomberg In the spring and summer of 2007, as the first tremors of the coming financial earthquake were making themselves felt, just under 8.4 million people were working
Corporate debt has reached extreme levels across much of the world and now far exceeds the pre-Lehman financial bubble by a host of measures, the global banking watchdog has warned in a deeply-disturbing
Lorenzo Tan, president and chief executive officer of the Rizal Commercial Banking Corp (RCBC), gestures while answering questions during the money laundering hearing at Senate in Manila March 29, 2016.