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The Federal Reserve Collective, which assembled for the last time at Iota on Monday night, hasn't so much disbanded as resigned themselves to its constitutional crisis -- one that most bands would love to have. Simply put, its members are too popular for the once-monthly collab sessions that the FRC has hosted at Iota for the last couple years. "A lot of us have started drifting ...
(AP:WASHINGTON) The Treasury Department is acknowledging for the first time that it lost $61 billion on two key programs designed to stabilize the economy after the largest financial crisis in decades.
UTICA, N.Y. -- Utica Mayor David Roefaro is tackling the issue of high ATM fees. Roefaro says his office has received nearly a dozen complaints regarding fees charged by banks for ATM use.
Americans have grown gloomier about both the economy and the nation’s direction over the past three months even as the U.S. shows signs of moving from recession to recovery.
Move by Obama sets up showdown with Republicans
The commercial mortgage bond securitization window that has been closed for nearly two years during this recession has reopened for business in the last few weeks and investors have lined up encouragingly to take advantage of a new round of CMBS offerings...
WASHINGTON — Treasury Secretary Timothy Geithner told Congress today that the administration will extend the government’s financial bailout program until next fall, saying it’s needed to protect against fresh economic shocks.
Dec. 10 (Bloomberg) -- Wall Street firms are recovering. Their standing with the American public isn’t.
(AP:NEW YORK) Treasurys fell Wednesday, reversing two days of strong gains, after an auction of 10-year notes showed weakening demand for the first time in four months.
NEW YORK----Annaly Capital Management, Inc. released its monthly commentary for November. Through its monthly commentary and blog, Annaly Salvos on the Markets and the Economy , Annaly expresses its thoughts and opinions on issues and events in the financial markets.
Bank of America announced Wednesday it has repaid Treasury in full for loans issued as part of the Troubled Asset Relief Program.
Dec. 10 (Bloomberg) -- The dollar may extend its drop from almost a one-month high against the euro after a rebound in U.S. stocks revived demand for higher-yielding assets.
Economic recovery is occurring, albeit slow, according to William Strauss, a senior economist and economic advisor with the Federal Reserve Bank of Chicago.
The global financial meltdown has been marked by shortages -- of oversight, due diligence, moral fortitude and common sense. Today, approximately two years after the housing bubble burst and world stock markets collapsed, possibly the only surplus left from the crisis is that of finger pointing and blame. A panel discussion earlier this week titled, "Responsibility and the Financial Crisis of ...
The pre-budget report from Alistair Darling, Britain's chancellor of the exchequer, held one explosive proposal: a one-time "super tax" on banker's bonuses. The tax would impose this year a 50 percent penalty on all bonuses over £25,000 ($41,000), a fee levied on the banks instead of individual bankers. Americans can be ...
The Obama administration has extended the $700 billion financial bailout program until October, setting up a struggle between Democrats who favor using some of the leftover money to help generate jobs and Republicans who say it should be used to shrink...
