Globalization Is in Peril, Bankers Say

Daniel Tarullo, governor of the U.S. Federal Reserve, right, and Janet Yellen, chairman of the Federal Reserve. Photograph by Andrew Harrer/Bloomberg

A group of international bankers says in a new report that the pendulum of financial markets has swung too far away from globalization. “There is a danger that the profound benefits of globally integrated financial markets are being frayed and even reversed,” the Institute of International Finance says.

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