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Tuesday, July 9, 2013

Monetary

News                                                                                                                             
Bloomberg | U.S. Banks Face Two Ratios as FDIC Sets Capital Vote
Capital standards at the biggest U.S. lenders would rise to 5 percent of assets for parent companies and 6 percent for their banking units under a plan proposed today by federal regulators.
WSJ | Central Bankers Hone Tools to Pop Bubbles
In Seoul's upscale Gangnam neighborhood, made famous by pop star Psy's viral music video, government curbs on real-estate lending froze a market in which home prices had been rising as fast as 25% a year.

Blogs                                                                                                                             
Market Watch | When is that first rate hike coming? Not soon, says B. of A. Merrill
Taper, schmaper. By now, if not a foregone conclusion, it’s more than likely that the Federal Reserve will begin reducing its $85 billion-per-month bond-purchase plan come September.