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Fewer U.S. banks tightened lending standards for companies and consumers in the third quarter as the economy grew for the first time in more than a year, a Federal Reserve survey showed.
Nine of the country's 10 biggest banks have succeeded in raising the required additional capital.
The Dow Jones industrial average stormed to its highest level in more than a year Monday as a falling dollar boosted prices for gold, oil and other commodities. Stocks also jumped as investors grew more confident that governments around the world will keep interest rates low to help the global economy.
Credit card companies have boosted rates and fees ahead of new consumer protection provisions set for early next year. The moves, which have sparked a new wave of consumer complaints, have boosted support for a new consumer agency, Rep. Barney Frank says.
Nov. 10 (Bloomberg) -- Treasury 10-year note yields may climb to 3.70 percent over the next few weeks as yields on the 10-year Japanese government note rise, according to strategists at Citigroup Inc.
WASHINGTON -(Dow Jones)- The U.S. Federal Reserve said Monday that GMAC Financial Services was the only one of 10 bank-holding companies that hasn't yet met capital requirements under its stress tests.
Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc. , Morgan Stanley and JPMorgan Chase & Co. ’s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year.
If you've ever broken a document shredder, like I have, trying to safely dispose of what seems like a million credit-card offers, then you'll agree this is good news: Credit-card issuers are cutting back on their mailings to consumers.
Nov. 9 (Bloomberg) -- The U.S. unemployment rate may rise to a post-World War II high of 13 percent in the aftermath of the recession, said David Rosenberg , chief economist at Gluskin Sheff & Associates Inc. in Toronto.
Increased Rates, Higher Annual Fees, Smaller Credit Limits Expected to Head Off New Rules for Cards Moving Through Congress
Nov. 9 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., will be able to repay its Federal Reserve credit line and “much or all” of the Treasury Department’s investment if financial markets stabilize, Moody’s Investors Service said today.
Nine of the 10 big financial institutions that the government ordered to raise capital seven months ago in order to survive a severe economic crisis have hiked their assets sufficiently, says the Federal Reserve.
Nov. 10 (Bloomberg) -- Senator Christopher Dodd will propose creating a single U.S. regulator that would strip the Federal Reserve and Federal Deposit Insurance Corp. of bank- supervision authority, said a person familiar with the matter.
Nov. 10 (Bloomberg) -- The Federal Reserve said U.S. banks kept tightening lending standards for companies and consumers last quarter, reinforcing the central bank’s decision to leave its benchmark interest rates at record lows for a long time.
Nov. 10 (Bloomberg) -- Federal Reserve Governor Daniel Tarullo said proposals to separate trading from deposit taking and lending at the biggest banks probably wouldn’t dispel the perception that some firms are too big to fail.
Nov. 10 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., will be able to repay its Federal Reserve credit line and “much or all” of the Treasury Department’s investment if financial markets stabilize, Moody’s Investors Service said.
