US banks increase reserves for commercial real estate risks
US banks and other lenders are tightening their standards for new loans and scrutinizing existing ones, as well as increasing their reserves in preparation for potential losses in the commercial…
US interest payments on debt outpace annual defense spending
The US government interest payments on the Federal debt are now higher than the annual defense spending. This is most likely the beginning stage of a trend, and unless no…
China’s ongoing battle
China’s biggest state-owned banks are selling dollars in attempt to slow yuan’s rapid depreciation, according to Reuters. Also an easing of cross-border financing rules was announced, making it easier for…