Federal Reserve Chairwoman Janet Yellen said it is possible to set negative interest rates after some legal issues were resolved. Setting negative interest rates were adopted by economies to stimulate market movement.
The U.S Department of Justice has requested an interview with a senior London-based currency trader who attended a meeting with Bank of England officials three years ago that ultimately became pivotal to a global investigation into allegations of market collusion and manipulation, a source familiar with the matter said on Wednesday.
The global financial system is safer but there is no room for complacency because of concerns about the international bond market, Financial Stability Board Chairman Mark Carney said on Thursday.
The European Union's second-highest court has ruled the European Central Bank (ECB) was wrong to insist that euro clearing houses should be based in the single currency area, a policy Britain had challenged to defend its financial sector.
