Bank stress test is mainly used in order to ascertain the stability of the given institution, in this aspect, the bank. Bank stress test involves testing the entire banking system beyond its operational capacity to the extreme up to the breaking point in an effort to monitor the results and therefore the overall stability of the bank.
After having its credit rating lowered to junk status, Hungary is the latest European country to see its borrowing costs climb higher.
The country was downgraded by Moody's Investors Service from Baa3 to Ba1 with a negative outlook a week after it had to ask the International Monetary Fund ("IMF") for help.
This morning we got an announcement from the "troika" that Greece would get the €8 billion ($11 billion) in aid it was promised under the first Greek bailout in 2010, with the payment likely coming in November.
Perhaps the biggest foreign-policy story of the past decade, thoroughly overlooked by the American media after 9/11 and its subsequent monomaniacal focus on terrorism, security and the wars in Iraq and Afghanistan, is the fact that Latin America has essentially moved away from Washington's influence.
It looks as though Greece will avoid plunging the international financial system into turmoil, as the Greek Parliament is preparing for a second vote on austerity measures that the European Union (EU) demanded in order for Greece to receive the next installment of the 110 billion euro bailout that the European Union and the International Monetary Fund provided to Greece last year.
The International Monetary Fund’s backing for the UK government’s deficit-cutting plans appeared to endorse chancellor George Osborne’s drastic cuts, last week.
The scale and speed of measures to reduce the public deficit have drawn criticism from the opposition and coalition partners in the slower economic growth environment.
The former head of the International Monetary Fund is infamous for his arrest on charges he sexually assaulted a New York City hotel maid — a criminal case that comes in the wake of unwanted incidents reported by other women.
INCIDENT: The traditional Swiss finishing school taught young women etiquette and social graces, but international bank regulators are talking about something much tougher when they refer to a “Swiss finish” for global banks.
