Markets News Friday: IMF says US banks may need up to $76.3bn in additional capital; Additional stimulus measures may be needed to boost the economy
Jul 30th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; The IMF (International Monetary Fund) says the U.S. financial system is "slowly recovering," but remains vulnerable to crisis, in part because Congress and the administration have failed to streamline a regulatory system marked by turf battles and overlapping responsibilities. The fund said additional capital of $76.3bn may be required. A separate report says additional stimulus measures may be needed to boost the economy.