Econ Comments & Analysis
Bloomberg | Banks May Have to Disclose Profits From ECB Emergency Loans
Banks may have to disclose profits from carry trades derived from 1 trillion euros ($1.3 trillion) in European Central Bank loans and exclude the money from bonus pools, under draft proposals from European Union lawmakers.
Washington Times | Backdraft of overdrafts
Washington’s sole fiscal break, historically low interest rates, will soon end. When they do, higher debt-service costs will act like oxygen to the current conflagration of conflated debt. If you thought the budget blaze is hot now, wait and feel what is coming.
