Top BIS banker sees no end to credit crunch fallout
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DAVOS, Switzerland  - There is no end in sight to fallout from the credit squeeze that may trigger a big slowdown in U.S. growth and chill other economies too, a top central banker said on Friday.
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The United States economy is unlikely to slip into recession, Abby Joseph Cohen, chief investment strategist at Goldman Sachs, said in remarks published on Friday.
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BASEL, Switzerland  - Central bankers are in a holding pattern awaiting clear signs of how the last month of market upheaval has affected the economy, policymakers said on Sunday.
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Bank of England governor Mervyn King says new year response to sub-prime losses may tip balance
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Big banks try to gird for crises as a  matter of course and investors will soon learn how prepared  they were for this summer&#39;s credit crunch.
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Bankers remain wary of plans to launch a massive investment rescue fund to soften the blow of the U.S. subprime meltdown, saying it could interfere with a market recovery and stall a resolution to the credit crisis.
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The head of the CBI says the system designed to ensure financial stability has tarnished the UK's reputation.
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Britainâs buoyant borrow-and-spend era may be coming to an end, and there are accounts still to be settled.
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Business & money: Bank admits it was warned on more than one occasion amid fierce criticism from shareholders
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Federal Reserve ex-head Alan Greenspan denies regulators failed to see the start of the global credit crunch.
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Banking group HSBC says the number of people going insolvent in the UK is unlikely to ease for some time.
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Credit markets took another hit as the  Bank of England bailed out Britain&#39;s biggest casualty so far in  the global credit crunch while policymakers differed over the  best way to restore liquidity to money markets.
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Central banks should not respond to every wiggle from inflation as they seek steady prices and the "too big to fail" mantle enjoyed by Fannie Mae and Freddie Mac pose a threat to financial stability, St. Louis Federal Reserve Bank President William Poole said on Saturday.
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The top US central banker says the country&#39;s banking system has weathered a recession and major corporate bankruptcies, and emerged &quot;strong, vibrant and profitable.
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The forced departure this week of Franklin Raines as chief executive of Fannie Mae wonât end the turmoil at the nationâs second largest financial institution.
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Business & money: Banks may be forced to seek huge injections of fresh capital as the credit crunch shows no sign of abataing
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China's banks will suffer a rise in  non-performing assets due to the U.S subprime crisis and  domestic credit tightening, a senior economist said in remarks  published on Tuesday amid mounting concern about the industry.