Markets news on stocks, currencies and commodities; The IMF (International Monetary Fund) says the U.S. financial system is “slowly recovering,” but remains vulnerable to crisis, in part because Congress and the administration have failed to streamline a regulatory system marked by turf battles and overlapping responsibilities. The fund said additional capital of $76.3bn may be required. A separate report says additional stimulus measures may be needed to boost the economy.
Related posts:
- Irish Budget 2012: Capital budget cut by €755m; 70,000 additional school places needed in coming years
- IMF head says global growth still largely driven by government stimulus measures; Double-dip not forecast but "it may happen"
- G-20 Summit: Choice between fiscal tightening and more stimulus measures to bolster fragile recovery in the rich world
- Financial Regulator says Irish Life & Permanent will have to raise an additional €145m of Core Tier 1 capital
- Multi-billion bond fund manager Bill Gross warns US economy not strong enough for government to “gracefully exit” stimulus spending programs