Stay updated with breaking news from David Malpass. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The rapid succession of bank failures last spring clearly spooked federal regulators at the FDIC, the Federal Reserve Board and bank depositors.The bad decision-making at Silicon Valley Bank, Signature Bank and First Republic Bank caused the regulators to implement emergency life preserver measures to banks and conjured up memories of the 2008 financial crisis.
These rules would increase the amount of money that banks hold in reserve by 25%.
AI is set to significantly transform the job landscape in advanced economies like the United States, affecting an estimated 60 percent of jobs, according to Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF).
President Volodymyr Zelensky conducted a series of meetings with key allies in Washington on Dec 11 seeking to secure additional support for Ukraine as additional U.S. aid funding remains in question.
The Mont Pelerin Society held fascinating debates on monetary policy, foreign policy, and inequality at its annual meeting.