The head of the Bank of Italy, Ignazio Visco, said that the deep recession and EU rules led to recent problems in the banking sector of the country. However, he denies the fact that insufficient supervision played a role in the collapse of several banks that needed € 13 billion in aid, writes the...

Canada's oil sector is in distress. Oil from the oil sands of this country is sold at a discount of $ 27 in relation to the American WTI, and this is the biggest difference in price over the past 4 years. Contracts for Western Canada Select (WCS), which is a benchmark for the Alberta oil sands,...

There is no evidence of an increase in the share of "zombie companies" in Germany, despite the low cost of loans. The loans reduce incentives for banks to stop lending to customers who are already in arrears, the Bundesbank said. The German central bank has long opposed the ultra-soft policy of the...

There would be far reaching consequences for the entire industry from a set of new rules for the financial sector that are to be imposed by the EU in in January.   The time and manner of asset trading is being attempted to be more transparent by the reforms. The new standards would impact...

The trading volumes in the crypto-currency market seem to be on the rise, yet the analysts continue to draw our attention to its volatile nature and the underlying “unregulated” cash market. Nevertheless, the bitcoin futures are growing in numbers and are likely to bring in the “big institutional...

JPMorgan Chase & Co. expects that the "bullish" phase of the market will continue next year. But the growth will relate to the technology sector, writes Bloomberg. JPMorgan Chase & Co. joined Oppenheimer and Evercore ISI, and became the third major bank that predicts that the S&P 500...

Despite the fact that the real estate bubble in Sweden is no longer growing, it is probably the largest bubble in the world. The prices have increased 6-fold since the beginning of rapid growth in 1995. SEB housing price indicator measures the difference between those who believe that prices will...

An improvement in the U.S. economy and the labor market were the reasons cited by the country’s Federal Reserve for raising of interest rates on Tuesday which was its third raise in 2017.   The benchmark interest rate was increased by 25 basis points to between 1.25% and 1.5% by the Fed....

Economists fear that the extremely low interest rates of the Bank of Japan could damage the ability of banks to conduct business if they continue for too long, as the Reuters poll showed. Governor of the Bank of Japan Haruhiko Kuroda noted this opportunity, indicating in November a "reversal rate",...