They wanted an opaque way of encouraging the purchase
of weak banks by stronger banks.
There must be a recapitalisation
of the weak banks, with preferably a direct link between the EFSF / ESM and the banks, in order to break the negative feedback loop that we have between banks and sovereigns.»
It is, therefore, a good bet that the triad of fiscal austerity, short - term growth - stifling structural reforms and seemingly intractable problems
of a weak banking system will soon lead to the downward revision of the ECB's long - standing growth forecast for the euro area.
Not exact matches
Ultimately, with inflation
weak, the
Bank of Canada will feel little pressure to raise interest rates quickly.
The content
of the
Bank of Canada's July Monetary Policy Report and associated rate cut were indications that the economy is much
weaker than the
Bank of Canada previously forecast.
Either way,
Bank of America Merill Lynch analyst Wamsi Mohan told investors on Thursday that the «magnitude»
of weaker iPhone sales during the quarter «could be surprising to some.»
The
Bank of Canada thinks inflation is being influenced by
weaker energy costs and an odd slowing in the upward trajectory
of automobile prices.
Still, the
Bank of Canada isn't taking any chances — it favours a
weaker currency.
Fabricated metals is another
of the industries that the
Bank of Canada thought would lead the export recovery as shipments traditionally got a boost for a
weak currency.
The decision by the Reserve
Bank of India came close on the heels
of weak investor interest in two recent auctions that led to a spike in sovereign debt yields.
Core inflation is
weak, but the
Bank of Canada believes faster price increases are on the way.
The decision by the Reserve
Bank of India, announced late on Friday, came close on the heels
of weak investor interest in two recent auctions that led to a spike in sovereign debt yields.
The
Bank of Canada routinely describes exporters as generally uncompetitive, so a
weaker exchange rate acts as a crutch.
«
Banks and financial organizations — perhaps because that is where the money is — and nonprofits, including religious organizations, probably due to their
weak business controls environment, are most often the victims
of this type
of white collar crime,» said Christopher Marquet, CEO
of Marquet International, in a statement.
Growth in the business has slowed as
banks and brokerages shrank in the face
of weak trading.
The
banking system has been
weak for years as most institutions have failed to deal with the high level
of bad debt in the wake
of the financial crisis.
The
banking system was hyper - competitive and quick to take risks in pursuit
of profits; policymakers aggressively pushed homeownership through measures such as tax breaks for mortgage interest payments; and
weak recourse laws let mortgage defaulters off the hook.
South Korea, the primary casualty
of a
weak yen, has yet to retaliate but is weighing an «active response to minimize any negative impacts on exports,»
Bank of Korea governor Kim Choong - soo said last month, raising the possibility
of South Korean devaluation.
In addition to that, the euro area has (a) worsening problems
of political instability (Italy without government, unfolding corruption scandals in recession - hit Spain and France), (b) dysfunctional
banking systems (
weak banks and their impaired lending activities despite ample liquidity supplied by the ECB) and (c) lingering uncertainties about the financial system's credibility (problems with depositor and investor protection).
However, Thursday's 25 basis point cut from the Reserve
Bank of New Zealand (RBNZ) looked
weak compared with the
Bank of England's 50 basis point cut and 100 billion pound fund to ensure the cut reaches households.
Japanese government bonds skidded in their worst sell - off in more than three years, despite
weaker stocks, accelerating a slide begun in the wake
of last Friday's
Bank of Japan easing steps that disappointed many investors.
The market still expects the
Bank of England to hike rates even as recent data pointed
weaker, says Kathy Lien
of BK Asset Management.
A separate index by the
Bank of Japan that strips away the effect
of energy costs also showed inflation slowing, suggesting that
weak consumption and falling import costs are discouraging firms from raising prices for a broad range
of goods.
Britain's housing market continued to lose momentum data showed too, with mortgage approvals at their
weakest in nearly three years following the
Bank of England's first interest rate hike in a decade.
That means you can expect plenty
of one - off provisions and charges that
banks use to write - off
weak businesses.
The four conglomerates originated in different sectors, but their underlying business model is the same: cultivate powerful allies in the Communist Party; use those relationships to win regulatory and property concessions; gather investment from friends, family and other proxies
of party elites into a murky, unregulated private holding company; borrow heavily from state - owed
banks and other sources to finance prodigious growth plans; invest as aggressively as possible in stock and property overseas as a hedge against slower growth in China and the risk
of a
weaker Chinese currency.
Dan Nixon, a senior analyst at the
Bank of England, says persistently
weak growth in productivity over the past decade has coincided with a ten-fold rise in global shipments in smartphones:
CIBC isn't the only Canadian
bank to have suffered the effects
of the
weak Caribbean economy, but it has been hit the hardest in the quarter.
Weak pricing was the biggest reason that Cenovus missed on most forecasts, said analyst Travis Wood
of National
Bank Financial Markets.
«It's the
weaker dollar, it's the inflation focus and it's also to some extent the market is continuing to look for a hedge against a world that's becoming incredibly complacent with stocks at record highs,» said Ole Hansen, head
of commodity strategy at Saxo
Bank in Copenhagen.
A significant share
of the corporate debt in stressed economies is now owed by companies with
weak debt servicing capacity and this could negatively affect
bank balance sheets and cut into profits, it added.
The Reserve
Bank of Australia has left the cash rate unchanged at 1.5 per cent, witht the central bank board continuing to worry about weak wages gro
Bank of Australia has left the cash rate unchanged at 1.5 per cent, witht the central
bank board continuing to worry about weak wages gro
bank board continuing to worry about
weak wages growth.
First is
weak domestic demand, the high rate
of unemployment and
weak household income growth... The second is Italy's poor international competitiveness and the third is the
banking sector, burdened with a high rate
of non-performing loans.»
Sterling tumbled further, hitting a low
of $ 1.3715, as the dollar gained and investors further trimmed expectations that the
Bank of England would raise rates next month following
weak first - quarter GDP data published last week.
Oil prices are higher, but not high enough to inspire new investment in the oil patch, where retrenchment has lead to «very
weak» overall business investment, the
Bank of Canada said.
The central
bank said it expected the economy to stagnate for the rest
of 2016 and suffer
weak growth throughout next year.
Even though retail
banking activity and loan growth are still
weak at Wells Fargo, Sloan says, «In most
of the cases, we're well ahead
of where I thought we were going to do.»
Wall Street stock futures are lower this morning over renewed fears for the global economy after some
weak Japanese economic data and some routine gloom from the
Bank of England, which is worried, among other things, by the potential impact
of the U.K.'s vote on whether to leave the E.U..
The case for lower interest rates is
weaker, but most forecasters still expect the
Bank of Canada will wait at least a year to raise borrowing costs.
Bank of Canada Governor Stephen Poloz stressed at his January 18 press conference that Canada's economy is much
weaker than that
of the U.S..
The new rules combined with the Italian
banking system's structural flows and
weak markets globally could test the government's credibility rapidly, especially if a number
of banks fail and Italians start pulling their money out in a move
of panic.
The European Central
Bank (ECB) President Mario Draghi's concerns over the impact
of a strong euro on a
weak euro zone economy raise the prospect
of monetary easing to dent the currency's appeal, an analyst told CNBC.
Their consumer loans in the year to February increased by about 3 percent, while non-bank lending to households during the same period soared by 9 percent, showing that
banks» sluggish consumer lending is not a question
of a
weak loan demand.
Weak U.S. inflation is not troubling even in the face
of full employment, one
of the Federal Reserve's more influential policymakers said on Monday, reinforcing the central
bank's mantra that it is gradually raising interest rates.
OTTAWA — The
Bank of Canada says it will likely have to keep interest rates low for longer than it expected in the face
of a surprisingly
weak economy.
Poloz says the only rate he cares about is inflation, and virtually every piece
of official communication from the central
bank notes the boost that non-energy exports are getting from the
weaker exchange rate.
The
Bank of Canada says that the recovering U.S. ecconomy,
weak oil prices, and a low dollar are all contributing factors.
It had a
weak commitment to transparency and hoarded data the Finance Department and
Bank of Canada would have found helpful.
In July, when the
Bank of Canada cut its policy to its current setting
of 0.5 %, policy makers expressed concern over
weak non-energy exports and a deep contraction in business investment brought on by the collapse
of commodity prices.
Some analysts said it was because the policy shift by the People's
Bank of China showed the Chinese economy was
weaker than had been assumed.