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Yellen says not willing to allow contagious bank runs to develop

Yellen says not willing to allow contagious bank runs to develop

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen delivers remarks after receiving the Paul A. Volcker Award at the National Association for Business Economics 39th Annual Economic Policy Conference in Washington, U.S., March 30, 2023. REUTERS/Leah Millis   SBNY -7.16% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please…

China’s central bank calls for stronger defences against financial crisis

China’s central bank calls for stronger defences against financial crisis

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) – China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose…

Italian minister warns ECB of risk from higher interest rates

Italian minister warns ECB of risk from higher interest rates

© Reuters. FILE PHOTO: Italian Economy Minister Giancarlo Giorgetti attends a news conference for the government’s first budget in Rome, Italy November 22, 2022. REUTERS/Remo Casilli/File Photo By Federico Maccioni CERNOBBIO, Italy (Reuters) – The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to…