Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Tags: Economy
China's July economic data points to further softness
China's economy showed further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed to keep growth on track as a property downturn worsens.
What to watch in the Week ahead
It's the final countdown for retailers who have done their best to whet U.S. consumers' appetites for Christmas shopping deals, and the stores may show whether they have made the best of a truncated shopping season
WSJ report challenges role of private equity in average consumer
Becky Pritchard conducted an investigative report for the Wall Street Journal about how private equity had embedded itself deeply in an average consumer's life.
Haiyan devastates not only country, but may also affect economy
Typhoon Haiyan's devastation would also lower the growth of the Philippine economy. The Philippine benchmark index had its largest decline in the last six weeks amidst concerns from the consequent devastation from Super Typhoon Haiyan would affect the economic growth of the country.
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The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
In the fifth year after the so-called 'Great Recession', Obama highlights the gains made by the US economy as a better capitalized and better regulated economy.
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
The state government of Hong Kong said that the second quarter jobless rate falls within expected estimates.
The Singapore government disclosed plans of improving social programs to alleviate economic strains.
The Bank of Japan (BOJ) would most likely hold on to its present monetary policy as the Japanese economy shows signs of improvement, sources told Reuters.
China's top decision-making body said that it will work to ensure the growth of its economy. The Politburo, China's top decision-making body, declared that it will ensure the growth of its economy.
The annual Lollapalooza held in Chicago's Grant Park is one of the most anticipated music festivals in the country.
