Russia Seen Turning to Crisis Playbook to Prevent Ruble Rout

Russia’s central bank may pick up where it left off earlier this year to avert another run on the ruble.

UK exporters feeling the heat from eurozone crisis

The CBI has issued a call on eurozone leaders to quickly resolve the Greek debt crisis, whatever the outcome of Sunday’s referendum, after the British business group’s latest poll highlighted mounting pressure on exporters.

Divisions Grow as a Downturn Rocks Europe

PARIS — Six years after being struck by economic crisis, Europe is facing a fresh downturn, with few new ideas on the table for reigniting growth and deepening political divisions over the austerity policies that many blame for worsening the malaise.

Bank of England warns borrowers and lenders not to overstretch themselves

The Bank of England has warned it is keeping a close eye on developments in the housing market and said borrowers and lenders should be careful not to overstretch themselves.

Osborne backs break-up of banks that fail to reform

The UK's big banks will be broken up if they fail to follow new rules to ring-fence risky investment operations from High Street outlets, Chancellor George Osborne has announced. He has said taxpayers are angry at banks' behaviour and will never again be expected to bail them out.

Money Funds Test Geithner, Bernanke as Schapiro Defeated

Money-market mutual funds, an alternative to bank accounts for individuals and companies, will test the resolve of the U.S. Federal Reserve and Treasury Department to prevent another financial crisis after the $2.6 trillion industry successfully lobbied against more regulation by the Securities and Exchange Commission.

Bank of England warns UK banks need more capital

Britain's banks do not have enough capital to withstand an escalation in the eurozone crisis, the Bank of England has warned.

Canada To Allow Wealth Funds To Invest In Its Financial Institutions

OTTAWA -(Dow Jones)- The Canadian government said Thursday it plans to introduce legislation to allow foreign and domestic sovereign wealth funds to invest in Canadian financial institutions, a move which would allow banks and insurance companies to raise capital to meet new Basel banking rules.