balance sheet

Last week officials of the Federal Reserve were holding intense talks on developing exit strategies. According to the sources familiar with the matter the policymakers divided over to sell billions of dollars assets first or raise the interest rate.

The discussion was more robust than described by the Fed Chairman Ben Bernanke at the news conference on April 27. At that time Bernanke said the committee "continued its ongoing discussion of the available tools for removing policy accommodation…”

Worsening state balance sheet of Britain may lead to depriving country’s 'great' title as the British public are "sleepwalking" into major spending cuts.

 As Andy Brough, fund manager at Schroders stated the country is going to be renamed. It’s going to be known as Britain instead of Great Britain.

The British public are "sleepwalking" into major spending cuts and as Brough said there "will be a very rude wake-up call for the majority of people who have no idea how bad the finances are for the country.”

 Christian Noyer, a European Central Bank Governing Council member, delivering a speech at a financial conference in Singapore on Monday, said that banks are taking today the same risks that were at the heart of the world financial crisis and said that instead of paying immense compensations to their managers banks need to preserve more capital.

 Barclays Plc is planning to spin off a 4-billion-pound ($6.35 billion) portfolio of complex credit assets as it presses ahead with a process to clean up its balance sheet, the Financial Times said on Monday.

The daily said the spin-off would also ease shareholder concerns over its investments.

Barclays officials were unavailable for immediate comment.