Economics

Harsh banking regulation will negatively impact the economic recovery and cost upwards of 10 million jobs globally, the world's leading bankers have warned.

The Institute of Directors (IoD) wants a further £50bn in quantitative easing, on top of the £200bn already injected into the economy to boost the money supply.

Schroders' Keith Wade says the US and UK are increasingly likely to see another round of QE, but he questions whether it will bring any immediate boost to the sluggish economies.

Financial regulators have reached a deal to force global banks to double the spare cash they hold in the biggest shake-up since the economic crisis nearly brought down the system.

Michael Hasenstab, Franklin Templeton's co-director of international bonds, is shorting the yen on expectations it will weaken against the US dollar as the Japanese authorities prepare to print money.

Britain's largest banks will present their "living wills" to the FSA next month, ahead of the G20 summit of leading industrialised nations in South Korea.

Nouriel Roubini, the economist dubbed ‘Dr Doom' for predicting the US housing crash, believes the dollar, yen and Swiss franc may be better investments than gold if the global economy suffers a double dip.

THE BIG INTERVIEW

Mike Riddell, member of the M&G bond team, explains why the UK is now starting to face a slowdown.

Markets are braced for more gloomy news on the western economies with US data expected to confirm a poor outlook for jobs and shaky confidence.