Sunday, July 13, 2014

Banking official: Watch those asset prices

February 20. 2013 3:42AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) A top international finance official is warning banks to be cautious about the prices of investments that have gone up sharply because of current low interest rates.

Jaime Caruana told The Associated Press in an interview that the low interest rates may have made it difficult to assess their true value and that banks should be vigilant on the prices of some of these assets.

He is the managing director of the Bank for International Settlements, a global organization of central banks.

Investments such as riskier U.S. corporate bonds have gone up as investors search for higher interest yields. Those investments could fall when central banks eventually start raising rates as the economy recovers.

Caruana spoke at the World Economic Forum in Davos, Switzerland.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds