Category: Finance, Banking, Insurance

Jul 18

Capital outflow in Bankitalia report

Non resident investors retired 47,1 billion euro from Italy, while Italian investors sold foreign assets for about 17,6 billion euro, Bank of Italy said in its last report.

Jul 18

Everybody knew: the LIBOR scandal

New York FED knew about possible ‘problems’ of LIBOR fixing process since 2007, as in its answer to Congressional Request for informationon Barclays-LIBOR matter. Just while Mr. B. Benenke says that Libor is ‘structurally flawed’ (LA Times) and the Fed had pushed for reform of the rate setting process in 2008 when it became concerned …

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