Bloomberg Business

Trudeau Loses Trust on Economy After Run-Up in Pandemic Spending

Canadians are souring on Prime Minister Justin Trudeau’s management of public finances, with a new poll showing just 27% trust him most among Canada’s political leaders to support economic growth, down from 35% before the pandemic.

Turkey Central Bank Asks Lenders to Limit Dollar Purchases

Turkey’s central bank has asked local lenders to limit the amount of dollar purchases they make in the interbank market to ease pressure on the lira, according to people with direct knowledge of the matter.

Banks Need to Earn Greater Deposit Protection, Vickers Says

One of the architects of Britain’s financial regulation has called for higher capital charges on banks as a “quid pro quo” if the government decides to strengthen deposit guarantees in the wake of Silicon Valley Bank’s collapse.

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