Category : Banking crisis
You may have heard that Turkey is in a bad financial position. Indeed, the US president threatened to block the importations of Turkish products.
Deutsche Bank flunked the FED stress test; Indonesia has extended Freeport McMoRan's operating license for the large Grasberg gold mine; American oil has reached $75 a barrel.
The French bank will pay more than 860 million dollars in fines for corruption of Libyan officials and manipulation of a reference rate.
The famous bank will face another challenge when the Federal Reserve publishes the first results of the "stress test" on its U.S. operations.
The rupiah has been one of the worst-hit Asian currencies by higher yields on US Treasury bills and the increasing of the dollar.
Banks have been sanctioned and payed shocking fineds for a total of $243 billion since the last financial crisis.
The House voted to pass a bill to roll back regulations on all but the largest banks.
2018, that is about 291 percent of GDP. European banks are in trouble for several reasons.
The Bank of Japan’s preferred inflation gauge fell for the second straight month in April, dropping from 0.9 percent in the previous month to 0.7 percent, as consumer prices refuse to cooperate with the BOJ’s 2 percent inflation target, according to government data released Friday.