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Banking

WireTap 0900 26/01/12

A round-up of the key stories across the specialist financial media, including news that the Federal Reserve is expecting near-zero interest rates until 2014.



Fed sees low rates to 2014

Federal Reserve officials have said that they expect to keep short term interest rates near zero for almost three more years.

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Einhorn and Greenlight fined £7.2m

David Einhorn and his firm Greenlight Capital have been fined £7.2 million by UK regulators for trading ahead of a 2009 equity fundraising by Punch Taverns.

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Bernanke has "finger on trigger" for new bond buys

The Federal Reserve is moving closer to embarking on a new round of securities purchasing after the central bank highlighted a negative outlook for the US economy.

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Clegg calls for more taxes on U.K.’s rich

The UK’s deputy Prime Minister Nick Clegg has called for higher taxes on the rich in order to speed-up a planned tax cut for low and middle-income workers.

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Merkel firm on limits to bailout fund

The German chancellor has told the World Economic Forum that labour-market reform and the surrender of national sovereignty offer a more certain cure to the Eurozone’s financial woes.

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