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News

30 Apr Why only a reverse bail-in can save the economy now

Posted at 14:11h in News by KMFSLLP 0 Comments

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In 2008, it was decided an over-leveraged banking system must be bailed in by the private sector. Post lock-down the exact opposite is true.

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30 Apr Hard work lies ahead for Lebanon on road to IMF aid deal

Posted at 13:53h in News by KMFSLLP 0 Comments

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With a rescue plan that will form the basis of talks for IMF aid finally in place, Lebanon must now enact painful steps and work out how it distributes the costs, with the country's banks likely to be particularly hard hit.

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30 Apr Capitalism is not to blame, it’s our escape route

Posted at 13:51h in News by KMFSLLP 0 Comments

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This coronavirus crisis has things to teach us. We have clearly optimised the economy for efficiency rather than resilience

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30 Apr Canada names Tiff Macklem, a former senior deputy, as the next Bank of Canada governor

Posted at 13:46h in News by KMFSLLP 0 Comments

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Tiff Macklem, a former senior deputy at the Bank of Canada who has recently been a leading voice for a shift toward a low-carbon economy, has been named to take over as governor of the central bank, Finance Minister Bill Morneau said Friday.

30 Apr UPDATE 1-U.S. rates to stay low, Fed will need to do more, Kaplan says

Posted at 13:30h in News by KMFSLLP 0 Comments

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With U.S. unemployment likely to go as high as 20% and end the year still at 8% to 10%, the Federal Reserve still has work ahead to help the U.S. economy weather the coronavirus crisis, Dallas Federal Reserve Bank President Robert Kaplan said Friday.

30 Apr Cboe eyes June 1 reopening of options trading floor in Chicago

Posted at 13:19h in News by KMFSLLP 0 Comments

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Cboe Global Markets will be ready to reopen its Cboe options trading floor as of June 1, but the reopening will depend on how safely the exchange operator can do so in the midst of the coronavirus pandemic, Chief Executive Officer Ed Tilly said on Friday.

30 Apr Lebanon signs request for IMF assistance -statement

Posted at 13:17h in News by KMFSLLP 0 Comments

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Lebanon's government on Friday signed a request for assistance from the International Monetary Fund, a statement from Prime Minister Hassan Diab's office said.