Basel Capital Rules Could Be Delayed: Sources
The start date for new Basel III rules on bank capital could be pushed back by six months to a year, according to three people with knowledge of current discussions.
PIMCO’s El-Erian: What Bernanke Really Meant
The Fed chief's comments on Thursday were carefully crafted so as not to rattle the markets, but PIMCO CEO Mohamed El-Erian took to the Huffington Post to deconstruct the true meaning behind the politico speak.
E.U. Debates Bank Capital Rules
E.U. leaders are attempting to come to agreement on the amount of capital banks would have to set aside as a precaution against losses, with Britain and Sweden seeking even larger percentages than rules already being discussed.
EU May Regulate Banker Pay
European Union officials could include in their draft bank capital law measures to limit banker pay, setting in place a specified limit between the highest and lowest paid, as well as instituting a limit on bonuses.
Banks Push Back Against Greek Debt Cuts
European banks are pushing back against a plan for write-downs of Greek debt that would be great then than the 21% already agreed upon.
Coordinate EU Bank Recapitalization: Barroso
Regulators from the European Union were presented with a proposal to coordinate recapitalization of its banks at the second day of meetings on Thursday, as they considered ways to reassure investors who have been fleeing the banking sector.