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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.
Banks expect to raise credit-card rates and fees, reduce credit limits and require higher credit scores due to reform legislation passed this year, according to the Federal Reserve Board's October senior loan officer survey. About 30 percent expect to increase the use of variable interest rates and decrease the use of fixed rates. For prime borrowers, about 50 percent of survey respondents ...
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.
Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday. The cautionary note struck by the presidents of regional Fed banks in San... Federal Reserve System - Economic - Government - Central bank - Finance
The Federal Reserve provided an update on its stress tests, saying nine of the 10 bank holding companies flagged as needing more Tier 1 capital had secured it.
Remarks from several Federal Reserve members will dominate Tuesday's session.
If the economy is getting stronger, why is the dollar getting weaker? As the stock market surged anew on Monday and into Tuesday, and the price of gold marched ever higher, the dollar took its biggest tumble since July, The New York Times’s Javier C. Hernandez reported.
The Federal Reserve said Monday that GMAC is the only one of 19 stress-tested banks that needs more capital to withstand losses if the economy softens.
GMAC, the former finance arm of General Motors, needs more capital to meet buffer requirements under the "stress tests" of banking groups conducted this year, the Federal Reserve said Monday.
Fewer banks tightened their 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, according to Bloomberg News.
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.
With the stock market still significantly below last year's highs and unemployment hovering around double digits, many people are asking the question, "What can lead the U.S. out of the current economic downturn?" By any number of measures, the economic contraction we are experiencing is the most significant down period since the 1930s. According to the U.S. Bureau of Labor Statistics, today's ...
Senate Banking Committee Chairman Christopher Dodd will unveil long-awaited draft legislation on financial regulation reform on Tuesday, his office said on Monday.
The American public has no say in Federal Reserve policy.
Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the Federal Reserve said Monday.
WASHINGTON—Unemployment likely will remain high for the next several years because the economic recovery won’t be strong enough to spur robust hiring, Federal Reserve officials warned today. The cautionary note struck by the presidents of regional Fed banks in San Francisco and Atlanta were the first public remarks of Fed officials since the government reported last week that the nation’s ...
