According to various reports,
the seven finance ministers of the G7 have asked to meet leaders of the
ten largest banks, including Citigroup and Mizuho Corporate Bank,
tomorrow. The aim is to create a strategy to deal with the
widening panic over the global credit crisis.
A Japanese Finance
Ministry official said: "About 10 people from major financial
institutions in the world have been invited to exchange views on what
was behind the recent financial market turbulence and how best to deal
with it. It's an informal meeting, so it's not a place to ask banks to
do something."
Sounds like the usual bank:goverment meeting then.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
