This is the apocalyptic scenario Britain's biggest banks faced in the Bank of England's latest stress test
Shutterstock The Bank of England just published the results of its 2016 stress test of Britain's banks. Most lenders performed solidly, but Royal Bank of Scotland, Barclays and Standard Chartered came up lacking. The three banks had to submit plans to the regulator detailing how they would raise capital and boost their resilience to financial shocks. The test was the third run by the Bank of England, and was used as a measure of how well Britain's banks would be able ..>> view originalChina Warns of Safety Risks as Rally in Coal Price Spurs Mining
BEIJING—Soaring coal prices have spurred a surge in potentially dangerous mining activity in China, prompting a government warning about the risk of increased casualties in a country that is home to some of the world’s deadliest mines. The Work Safety Committee of the State Council, a government agency, also said it would step up surprise inspections, including at night, to counter “illegal practices” at mines that put lives at...>> view originalTrump expected to name financier Steve Mnuchin to Treasury
Banker Steven Mnuchin is the next potential Treasury Secretary in Donald Trump’s administration. Here’s what you need to know about him. (Deirdra O'Regan/The Washington Post) President-elect Donald Trump is planning to name investor and former Goldman Sachs executive Steven Mnuchin as treasury secretary, opting for an industry insider with no government experience to helm the agency in charge of the nation’s finances, according to people familiar with the matter. Mnuchin (pronounced mah-N..>> view originalTrump to Announce Carrier Plant Will Keep Jobs in US
Photo The Carrier plant in Indianapolis. The company had previously announced plans to move 2,000 factory jobs from Indiana to Mexico. Credit Joshua Lott for The New York Times From the earliest days of his campaign, Donald J. Trump made keeping manufacturing jobs in the United States his signature economic issue, and the decision by Carrier, the big air-conditioner company, to move over 2,000 of them from Indiana to Mexico was a tailor-made talking point for him on the..>> view original'Fight for $15': Dozens of Minimum-Wage Protesters Arrested
A protest at Los Angeles International Airport was underway Tuesday, the second of two local protests that are part of a national wave of demonstrations by fast-food, home-care, child-care and other workers in support of a $15-per-hour wage and worker's rights.Organizers, including the Service Employees International Union, said the demonstrations are being held in response to the recent election of politicians "who threaten an extremist agenda to move the country to the right."Shortly before no..>> view originalDay of protests targets McDonald's, O'Hare, others for higher wages: 'Bills don't wait'
Hundreds of workers at Chicago's O'Hare International Airport spent Tuesday on strike to protest low wages, but officials said it had little impact on flight operations.The strike, organized by the Service Employees International Union Local 1, involved baggage handlers, janitors, airplane cabin cleaners and wheelchair attendants, many of whom convened for a rally in front of the airport at noon to call for a $15 minimum wage and union rights. Including supporters, the crowd swelled to 1,100, o..>> view originalKellogg, citing 'values,' joins growing list of companies that pledged to stop advertising in Breitbart News
Kellogg’s cereal products. (John Raoux/AP) Anyone perusing the articles on Breitbart News, such as “Milo: The Media is Pushing Trannies as a Cultural Norm” and “Birth Control Makes Women Unattractive and Crazy,” will no longer be tempted by sweet, warm breakfast treats like Eggo Waffles and crusty Pop-Tarts while on the conservative media outlet’s website. Kellogg has announced that it will pull all advertising from the site. The company cited concerns that Breitbart, which has been describ..>> view originalEuro-Area Inflation Accelerates Before Key ECB Decision on QE
Euro-area inflation accelerated in November, continuing its slow improvement before a crucial European Central Bank meeting next week.Consumer prices rose 0.6 percent from a year earlier, following a 0.5 percent increase in October, the European Union’s statistics office in Luxembourg said on Wednesday. Core inflation was unchanged at 0.8 percent in November. Both readings match the median estimate on Bloomberg surveys of economists.The ECB’s Governing Council wants to see a sustained pickup in..>> view originalOil Jumps as Russia Said to Be Ready to Cut If OPEC Agrees Deal
Oil rallied by the most in more than seven months after Russia was said to be ready to consider cutting its own production and OPEC ministers meeting in Vienna say they unanimously favor a supply deal.Futures jumped as much as 6.9 percent in New York. If there is an OPEC agreement that assigns individual cuts to members, then Russia is ready to participate, including possibly reducing output, a person familiar with Russian thinking said. Iraq has agreed to lower output and other members are una..>> view originalStriking Lufthansa pilots ground nearly 900 flights
BERLIN The latest strike by Lufthansa pilots grounded almost 900 flights on Wednesday and German companies and other Lufthansa staff called for an end to the protests which are costing the airline 10-15 million euros a day.Pilots staged a four-day strike last week then resumed their protest over pay that dates back to early 2014 on Tuesday, taking the number of canceled flights in the latest round of walkouts to about 4,500.One of Lufthansa's major corporate customers, Siemens (SIEGn.DE), said..>> view original
Friday, December 30, 2016
This is the apocalyptic scenario Britain's biggest banks faced in the Bank of England's latest stress test and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment