Hank Paulson
China to set up FX unit to control renminbi
The People's Bank of China will establish a foreign-exchange department to help manage the appreciation of the renminbi.
We must be able to let a Bear go bust: Paulson
Hank Paulson, the US Treasury Secretary, called on Wednesday for a regulatory system that can withstand the failure of a large and complex financial firm.
Senator questions plans for greater Fed role
The top Republican on the US Senate Banking Committee has challenged plans to extend the Fed's regulatory power.
Treasury shake-up to grant Fed more power
The US Treasury has unveiled a series of recommendations for a major restructuring of financial services regulation, which will allot broad new powers to the Federal Reserve to attack systems risk, including the ability to send SWAT teams into any…
EU's Barroso notes concern over euro's strength
Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.
Zhou parries calls for imbalances adjustment
Zhou Xiaochuan, the governor of the People's Bank of China, said that the central bank would not allow for a faster appreciation of the renminbi to reduce global imbalances.
Define your mission, Paulson advises IMF and Bank
Hank Paulson, the US Treasury Secretary, said that international financial institutions need to better define their core missions, and align staff and other resources accordingly, if they are to remain relevant.
China fights back over G7 currency criticisms
Wu Xiaoling, the deputy governor of the People's Bank of China, said the country's current policy on the appreciation of the renminbi was a responsible one despite claims to the contrary by the world's leading finance ministers.
Superfund will hamper pricing, Greenspan warns
Alan Greenspan, the former chairman of the Federal Reserve, has said that the $75 billion mortgage securities superfund, backed by Citigroup, JP Morgan Chase and Bank of America, could do more harm than good.
Currency rise wanted by EU chiefs
Jean-Claude Trichet, the president of the European Central Bank; Jean-Claude Juncker, the prime minister of Luxembourg; and Joaquin Almunia, the European commissioner for monetary affairs said on Monday that they wanted the renminbi, the dollar, and the…
Bush nominates Henry Paulson as Treasury Secretary
US President George W. Bush on Tuesday 30 May said he would appoint Hank Paulson, chief executive of Goldman Sachs, to take over from John Snow as treasury secretary.