central banks News

30 Central Banks, Minus U.S., Call for More Green Financing, Better Climate Risk Assessment

With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move led …

‘Great Unwind’ in Debt Financing May Stunt Companies’ Future Growth: Greenberg

Evan Greenberg, the chief executive officer of insurer Chubb Ltd., said companies may find it difficult to obtain financing after central banks have propped up economic growth for years, likening their stimuli to a drug. “We may be at the …

Allianz Expresses Concerns over Central Banks Role in Libor Scandal

Europe’s biggest insurer, Allianz SE, is worried about the role central banks may have played in an interest rate rigging scandal that has enveloped some leading international lenders, the insurer’s chief financial officer said on Friday. “We do not find …

World Economies Prepare for Panic after Greek Elections

Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro …