Between 50% and 75% of the European Central Bank’s interest-rate changes were transmitted to the real economy, JPMorgan Chase economist David Mackie calculated in response to Bank of England Governor Mark Carney’s disparaging remarks on […]
The People’s Bank of China said in its monetary policy report that it isn’t planning any additional monetary easing. The central bank rejected the idea of lowering its bank required reserve ratio, saying that would […]
Banks in China are rapidly increasing participation in the financing of global mergers and acquisitions. Encouraged by Premier Li Keqiang’s “going out” policy, lenders have raised their share of global syndicated loans for mergers and […]
The British pound fell below $1.30 as traders braced for a series of reports next week that could give them a better picture of how much damage the Brexit vote is imposing on the UK […]
US productivity declined an annualized 0.5% in the second quarter, the third straight quarterly decrease, and 0.4% during the previous 12 months, the first full-year drop since 2013. Limited corporate investment in technology is behind […]
Private equity deals in the UK have fallen 95% since the country voted to leave the EU, with 17 deals worth $165 million completed from June 24 to Aug. 2, according to Dealogic. European private […]
US household debt reached $12.29 trillion in the second quarter, a $434 billion increase on a year-over-year basis, a Federal Reserve Bank of New York survey found. Auto debt rose $97 billion from a year […]
South Korea’s heavy burden of household debt expanded in July, with the balance of household loans extended by local banks growing 6.3 trillion won from June. The total is now 673.7 trillion won, encouraged by […]
Commercial banks saw annualized profit growth of 3.17% in the first half of 2016, a slowdown from recent gains, according to the China Banking Regulatory Commission. Assets were up 15.7% from a year before, and […]
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