Bank shares declined Friday morning in a broad industry sell-off, as investors continued to fear the impact the continuing foreclosure crisis will have on future earnings. Get the full story »
Inside these posts: World banking system
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IMF warns of continued risks to world economy
Risks to financial stability remain elevated due to a combination of slow global growth, high sovereign debt burdens and continuing weakness in the banking sector, the International Monetary Fund warned in a report released Tuesday.
In a report published during its annual meetings in Washington, the IMF highlighted persistent risks to the banking system from high debt levels in mature economies and resulting tensions on sovereign bond markets, particularly in Europe. Get the full story »
