Credit Suisse grew its core equity sharply in Q2. That’s a welcome change from a year ago, when Basel III loomed large, but the challenge is navigating uncertain interest rates, says Breakingviews.
New BoE governor Mark Carney forms an instant consensus among policymakers, who vote 9-0 to keep QE unchanged but Breakingviews says that doesn’t mean he’s a hawk. Meanwhile, the UK jobless count falls at its fastest pace in 3 years, but a big jump in people giving up on job hunting suggests problems still run deep. Julian Satterthwaite talks to jobs minister Mark Hoban.
Sure, the Bitcoin is a high risk investment but there’s a good chance the virtual currency will continue its meteoric rise, at least according to Mark Karpeles, CEO of Mt. Gox, the dominant Bitcoin exchange.