Fed’s Brainard Urges Caution Amid Fed Split on Rate Hike Timing – Reuters The Federal Reserve should hold off on any interest rate hike until it is clear that a global slowdown, trouble in China and other international risks will not push the U.S. recovery off course.
Swiss President Says No Need for Emergency Franc Measures – Reuters Switzerland’s government does not currently see the need to introduce emergency measures to help the economy deal with a surge in the Swiss franc’s value, the Alpine nation’s president said on Monday.
Switzerland Said to Impose 5% Leverage Ratio on Biggest Banks – Bloomberg Switzerland’s finance ministry will require the country’s biggest banks to have capital equal to about 5 percent of total assets afterUBS Group AG and Credit Suisse Group AG sought to win easier terms.
Talk Is Cheap for Euro as QE’s Diminishing Returns Thwart Draghi – Bloomberg Traders are losing their faith in Mario Draghi’s ability to weaken the euro.
The Cost of Knowing Your Customer: When Compliance Is a Deal Breaker TabbForum The challenges to providing and collecting Know Your Customer data can prove costlier than the value of the business being proposed, and both buyers and sellers are walking away from deals.
Fortress Investment Group Plans to Close Flagship Macro Hedge Fund – Wall Street Journal (subscription) Fund head Michael Novogratz is expected to leave the private-equity and hedge-fund firm.