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  • The next economic downturn will be much more severe than the last financial crisis because firms have twice as much outstanding debt as they did in 2008, said a leading academic this week.
  • Libor may be extended beyond the cut-off date of 2021, sources told GlobalCapital this week, as the market braces for litigation over more than $1tr of Libor-linked mortgages. Tom Brown reports.
  • SSA
    The World Bank’s new managing director Axel van Trotsenburg tells GlobalMarkets how he and president David Malpass will deliver on the record capital package they negotiated a year ago by delivering results on the ground
  • Finland’s finance minister tells GlobalMarkets that SMEs should be a priority for the new EU Commission, while a a high level EU expert group has suggested the EU could set up a fund to support SMEs and mid-cap companies through the costly process of launching an initial public offering
  • Libra, Facebook’s digital currency project, suffered a blow last week when a host of backers pulled out but an endorsement by Bank of England governor Mark Carney of the potential benefits of a global digital currency is a much needed and timely fillip
  • SSA
    Kristalina Georgieva takes over the reins at the International Monetary Fund with high praise from her boss at the World Bank. But she arrives as the financial watchdog faces an array of risks including a deep global recession