News
CNN Money | 5 things to know about rising rates
After years of decline to rock-bottom levels, interest rates are on the rise. The average rate for a 30-year mortgage was recently 4.35%, more than a point above the 2012 low of 3.3%.
Bloomberg | European Banks Face Capital Gap With Focus on Leverage
Europe’s biggest banks, which more than doubled their highest-quality capital to $1 trillion since 2007 to meet tougher rules, may have further to go as regulators scrutinize how lenders judge the riskiness of their assets.
Econ Comments & Analysis
Bloomberg | Can Jack Lew Save Financial Reform?
Three years after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, it’s time to be honest about financial-sector reform: It hasn’t gone well. (If you doubt this, read these articles by former U.S. Senator Ted Kaufman.)
The American | The European Central Bank’s Clay Feet
The Book of Proverbs teaches that pride goes before the fall. Mario Draghi, the president of the European Central Bank (ECB), should take heed of that lesson. For at the very same time that he is trumpeting the great success of his “whatever it takes to preserve the Euro” statement made last year, the European economic periphery is again showing the clearest signs of economic and political distress.
