Mark Carney

  • 14 Feb 2014 at 10:10 AM

Mark Carney Ditches Clotted Cream For Maple Syrup

When the Bank of England handed over the reins to Mark Carney, it presumably did so, at least in part, as a recognition of his success at his native Bank of Canada. But what is good for the former dominion may not be so great for the former imperial power, and certain people are not impressed. Read more »

When your economy has ground to a standstill and stayed there for a period of years, it would make sense to cast about for a new central banker whose approach was somewhat different. And by different we mean more successful. Read more »

Jamie Dimon of JPMorgan Chase launched a tirade at Mark Carney, Bank of Canada governor, in a closed-door meeting in front of more than two dozen bankers and finance officials, underscoring mounting tensions between bankers and officials over financial regulation. The JPMorgan chief executive’s remarks to Mr Carney, who is touted as a potential next head of the Financial Stability Forum, the international group of regulators, were focused on a capital surcharge for the largest banks, according to several people who attended the meeting of about 30 bank chiefs…Mr Dimon told Mr Carney that many of the rules discriminated against US banks and he was going to continue to use the phrase “anti-American” because it seemed to resonate with people who might be able to modify the reforms. The atmosphere was so bad after the meeting that Lloyd Blankfein, chief executive of Goldman Sachs and head of the Financial Services Forum bankers’ group which arranged the session, emailed the central banker to try to smooth relations, people familiar with the matter said. [FT via BI]