Global economic policy-makers, gathered for the annual meeting of the International Monetary Fund, try to sound united and engaged in their latest effort to assuage financial market concerns about European sovereign debt and the region’s fragile banks.
Asia’s current situation may look and feel like a rerun of the financial crisis of three years ago. But, writes Craig Stephen, the big difference is the policy response.
SINGAPORE (MarketWatch) -- Swiss bank UBS AG (UBS) expects to face enormous challenges in the coming weeks and months, and is confident it can realign to deal with the new market environment facing the financial services industry, a memo to the bank's staff by Chairman Kaspar Villiger and acting Chief Executive Sergio Ermotti said.