Tag: Urgent

Summers Says CRE Is More ‘Urgent’ for Fed Than Capital Rules

(Bloomberg) — Former Treasury Secretary Lawrence Summers said the Federal Reserve and other agencies are right to be probing financial risks tied to commercial properties, saying this was a more important effort in the near term than its initiative to boost capital standards among big banks. Most Read from Bloomberg “Regulators are right to be […]

‘Urgent’ for US to focus on debt sustainability

Federal Reserve Chair Jerome Powell on Sunday said it is time for the federal government to once again make a priority of dealing with the national debt. “The debt is growing faster than the economy, so it is unsustainable,” the Fed chief said in an interview with CBS’s 60 Minutes. “It’s time for us to […]

NBU names three banks requiring urgent capitalization of $260 million

The National Bank of Ukraine (NBU) has pinpointed a capitalization requirement of 10 billion UAH ($262.2 million) for Ukreximbank, Pravex Bank, and MTB Bank, the NBU said in a Ukrainian Banks Stability Assessment released on Jan. 9. This assessment, based on a three-year outlook using the baseline macroeconomic scenario, sheds light on the capital adequacy […]