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Some banking systems may need help in worst-case scenario: IMF
By Pete Schroeder and Megan Davies WASHINGTON (Reuters) – Some countries’ banking systems might have to be recapitalized or even restructured, if their economies are severely handicapped by prolonged disruption from the coronavirus outbreak, officials at the International Monetary Fund said on Tuesday. Leading regulators and bank chief executives, particularly in the United States, have […]
Analysis-Rate rises pile pain on SME firms in U.S. and Europe
LONDON (Reuters) – U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid interest rate rises, with analysts and investors warily watching for the impact of tighter credit conditions exacerbated by recent banking turmoil.FILE PHOTO: Woman holds U.S. dollar banknotes in front of Euro banknotes in this illustration […]
Senators unveil bill to curb foreign spying on US campuses
Congress calls for clampdown on Chinese students suspected of spying and intellectual property theft at US universities. A bipartisan group of United States senators unveiled legislation on Thursday aimed at protecting research and innovation on US college campuses and preventing suspected theft of intellectual property by China and other countries. The bill comes amid a […]