Governance

Zimbabwe "raided private bank accounts

Gideon Gono, governor of the Reserve Bank of Zimbabwe, the country's central bank, admitted on 20 April that he took hard currency from the bank accounts of private businesses and foreign aid groups without authorisation, in efforts to keep the country's…

Spain's governor feels the heat

Maria Teresa Fernandez de la Vega, deputy head of Spain's Socialist government has criticised the governor of the central bank, Miguel Angel Fernandez Ordonez, for being "alarmist" about the state of financing of the country's pension system.

Czechs name new communications head

Marek Petrus, now head of research at the Prague office of Egon Zehnder, a consultancy, is to take over from Pavlina Bolfova as the Czech National Bank's communications head at the start of next month.

Fed bailout critic Stern to step down

Gary Stern, the president of the Minneapolis Federal Reserve and a vociferous critic of the Fed's recent bailouts, is to retire. He is the longest-serving senior Fed official.

Tarp could cost taxpayers more

The Congressional Budget Office has raised its estimate of the ultimate cost to taxpayers of the $700 billion Troubled Asset Relief Program (Tarp) by 51%.

A guide for would-be MPC members

An ability to challenge convention, courage in one's convictions and a thick skin are some of the qualities essential for Monetary Policy Committee members, two external members of the Bank of England's committee have said.

Buba names new communications head

Benedikt Fehr, a journalist for a German daily, is to become the new head of the Bundesbank's communications department after Christian Burckhardt, the former head, died tragically last December.

Morgan Stanley economist new MPC member

Alistair Darling, the chancellor of the exchequer, announced on Thursday that David Miles will replace David Blanchflower as an external member of the Bank of England's Monetary Policy Committee (MPC) on 1 June.

ECB books €2.7 billion surplus

The European Central Bank (ECB) earned a surplus of €2.66 billion ($3.34 billion) last year on the back of the euro's appreciation against the dollar and the yen, it emerged on Thursday. The central bank also revealed that it was owed €10.3 billion by…

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