The Bank of England discovered about 120 years ago that women were ideal for some of its most tedious work: processing old banknotes. Now, the bank counts on its female staff to set rules for one of the world’s top financial centers -- before they leave early to pick up the kids.
Federal Reserve Chairman Ben S. Bernanke said a process under development that would allow regulators to take down a failing bank will help ensure investors discipline weak firms and prevent them from taking risks without consequence.
Karnit Flug, the Bank of Israel’s prospective new governor, is a conciliator who won’t allow the manner of her appointment to disrupt working relations with Prime Minister Benjamin Netanyahu’s government, according to analysts and former colleagues.
Europe remains the biggest risk to the global economy even as the fiscal gridlock in Washington and ambiguity about the direction of U.S. monetary policy have taken center stage, according to Stanley Fischer, the former governor of the Bank of Isreal.
Acting Bank of Israel Governor Karnit Flug, passed over twice for the central bank’s top job, was nominated for the post today in a bid to wrap up a bungled selection process that’s left the institution without a permanent chief since June.