Banking Latest News: Fed Speak, Italian GDP and the BOJ

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Banking Latest News: Fed Speak, Italian GDP and the BOJ

by Wochit 0:51 mins

Banking Latest News: Fed Speak, Italian GDP and the BOJ

by Wochit 0:51 mins

As earnings season winds down and economic announcements slow in the US, action overseas is set to pick back up. St. Louis Fed President James Bullard said Federal Reserve forecasts have proved to be too optimistic in the past and the U.S. central bank should therefore take a 'wait and see' approach before deciding to taper bond purchases. The Prudential Regulation Authority has published a consultation paper for UK lenders on the rule changes required to implement the European Union's capital requirements directive, Brussels' interpretation of the Basel III global capital reforms.

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