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NEW YORK - The Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday.
Former Federal Reserve Chairman Alan Greenspan said the central bank and other U.S. regulators 'failed' during the financial crisis because they became too complacent about risks.
The 'Maestro' explains what went wrong.
A year and a half after Lehman Brothers' collapse, Senate Banking Committee Chairman Chris Dodd, D-Conn., is calling for a federal investigation into the "Lehman situation" and other companies that may have fudged their balance sheets, contributing to the financial crisis.
Economic conditions in the Louisville region are generally improving though employment has not yet followed suit, according to a quarterly assessment from the Federal Reserve Bank of St. Louis.
March 19 (Bloomberg) -- Hartford Financial Services Group Inc. , the insurer bailed out by the Treasury in June, and aircraft lessor International Lease Finance Corp.
March 19 (Bloomberg) -- The Federal Reserve may increase the discount rate, charged on direct loans to banks, before the next meeting of the Federal Open Market Committee on April 28, economists said.
The Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday.
The dollar rose against major currencies Friday as investors continued to worry about finding a solution for Greece's debt problems.
March 19 (Bloomberg) -- U.S. stocks declined, ending an eight-day winning streak for the Dow Jones Industrial Average , as India’s unexpected interest rate boost spurred speculation withdrawals of economic stimulus will curtail global growth.
March 19 (Bloomberg) -- The difference in yield between 2- and 10-year Treasury notes was the narrowest since January as reports this week showed consumer prices were unchanged last month and producer prices dropped more than forecast.
Merrill employees informed the agencies that Lehman was including regulatory capital in how it calculated its liquidity, a move that made it appear sounder than its competitors, the newspaper said, citing unidentified sources.
St. Louis — The region's jobless rate dipped in January for the third straight month and fell back below 10 percent for the first time since August, according to figures released by the Commerce Department on Friday.
5th UPDATE:Fed Must Submit Data On Discount-Window Usage-Court
March 19 (Bloomberg) -- Senator Christopher Dodd will cut a provision from his financial-regulation proposal that Federal Deposit Insurance Corp. Chairman Sheila Bair said could provide a “backdoor bailout” for failing companies.
OSI Pharmaceuticals, Biogen Idec and Teva Pharmaceutical Industries recorded 52-week highs Friday.
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