WASHINGTON (Reuters) – Fed vice chair nominee Stanley Fischer on Thursday defended his ties to Citigroup Inc, saying that he would have been ill-prepared for his last central banking job without his experience at the mega-bank.
“My three years at Citigroup were the most important element in my education that enabled me to be an effective supervisor of banks, which was one of my duties as Governor of the Bank of Israel,” Fischer told members of the Senate banking committee.
WASHINGTON, March 5 (Reuters) – Big institutional investors
account for 80 percent of the half a trillion dollars foreigners
have plowed into emerging market sovereign debt in the last few
years, according to an analysis by International Monetary Fund
Investors such as hedge funds and sovereign wealth funds
held $768 billion in emerging market government bonds as of June
2013, the paper showed. Foreign central banks held at least $40