The Financial Stability Oversight Council said it had voted to propose dubbing certain companies “systemically important,” or so big their failure could destabilize financial markets, in a long-anticipated and controversial move aimed at cracking down on risks.
Regulators did not name the companies involved. AIG and Prudential both issued statements on Monday saying they had been notified that the risk council had proposed designating them. Article 
What does the decline in jobs on Wall Street mean about the financial industry? Article 
Are banks divided into two parts, one “good” and one “bad” and can they be separated to work more honestly and effectively? The Royal Bank of Scotland may hold an answer. Article 
Caribbean nations welcomed Xi Jinping. Later this week President Obama is going to be engaged in high-level talks with the president of China. Yes, President Obama’s message to China is going to be, “I swear we’ll have the money for you by Tuesday.” Article 
Global Employment Trends 2013: Recovering from a second jobs dip
This report from Foreign Affairs a few years ago best describes the situation in some African countries and is worth a review. Article
A leading Istanbul businesswoman said: “The prime minister’s suggestions that those on the streets are only looters and provocateurs very much misrepresent the current situation as even the elderly in residential areas show their support by banging on pots and pans from their windows.
“The solidarity among the protesters aimed specifically at the prime minister exemplifies their frustration at his growing autocratic ambitions … While it is unlikely he will step down, he has over-reached his authority and now faces a more organised, more vocal opposition.” Article 
Slovenia’s debt and deficit are still manageable. Even in the worst-case scenario, the cost of recapitalizing the banks and funding the bad bank amounts to no more than about 10 percent of Slovenia’s gross domestic product. This would increase the government’s debt burden to about 75 percent of GDP, still less than that of most other euro-area governments, including Germany. Article ![36064_miki-muster1_show[1]](http://www.w-t-w.org/en/wp-content/uploads/2013/06/36064_miki-muster1_show1-300x225.jpg)
Working women have been a growing force in the economy for three decades, as more women graduate from college, take professional jobs and influence household spending decisions. In some important ways, women even outpace men. They fared better during the recent recession, for instance, and women now earn the majority of bachelor’s and advanced degrees…article 
To make all-women bank a reality by October, the Finance Ministry has approached the Reserve Bank for clearance to set up the country’s first such bank.
“The committee set up to prepare the blueprint for all-women bank has submitted its report to the Finance Minister. We have sought in-principle approval from RBI for all women bank,” Financial Services Secretary Rajiv Takru told PTI.
The first all-women bank wholly-owned by government is expected to start operations from November 2013 through six branches spread across the length and breadth of the country…article 
