The next Bank of Japan governor does not have to be from the Ministry of Finance although the individual needs to have experience managing a large organisation, Japanese Finance Minister Taro Aso said on Friday. “It’s inappropriate to choose someone who does not have experience managing a big organisation,” Aso […]
Author: InvestAdvocate
Euro, money market rates fall after low ECB loan repayment
Money market rates and the euro fell on Friday after the European Central Bank announced banks would make 62.8 billion euros worth of early repayments of three-year banking sector loans. The repayment came in below the 130 billion euro Reuters poll consensus and means the level of surplus liquidity in […]
Exclusive: Credit Suisse faces U.S. probe into mortgage products
The U.S. Attorney’s Office in New Jersey is investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, according to people familiar with the matter. U.S. Attorney’s Offices in other districts are focusing on other banks in related investigations, said the people, who were not authorized to […]
