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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 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.
Boston Federal Reserve chief Eric Rosengren, speaking today in London, said despite the danger posed when financial institutions get "too big to fail," many of our...
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 ...
Unemployment is likely to remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, according to Federal Reserve officials. 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 jobless rate ...
Nov. 10 (Bloomberg) -- Treasury 10-year notes rose for a third day as stocks fell and the government prepared to sell a record $25 billion of the securities.
Nov. 10 (Bloomberg) -- The dollar rose from almost a 15- month low against the currencies of major U.S. trading partners on speculation demand for higher-yielding assets fell.
An unusual alliance of conservatives and liberals is pushing to break up or downsize banks deemed "too big to fail," rather than create a new regulatory regime led by the Federal Reserve to try to keep them from getting into trouble again. Public anger toward bailouts and the central bank's role in rescuing big institutions like American International Group Inc. and Bank of America Corp. are ...
Nov. 10 (Bloomberg) -- Crude oil rose above $80 a barrel in New York as U.S. equities rebounded, bolstering confidence that fuel demand will recover next year in the world’s biggest energy-consuming country.
Nov. 10 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading . Stock symbols are in parentheses and prices are as of 11:10 a.m. in New York.
NEW YORK -(Dow Jones)- One of the first Federal Reserve officials to speak since last week's interest-rate policy meeting offered Tuesday a cautious view on the economic outlook, and said a recovery would require an eventual " normalization" of central bank interest-rate policy.
Nov. 10 (Bloomberg) -- Job openings in the U.S. rose in September to the highest level in three months, indicating companies are waiting to make sure the economy will keep growing before committing to expand payrolls.
Nov. 10 (Bloomberg) -- U.S. stocks fluctuated following six straight gains for the Standard & Poor’s 500 Index as earnings that disappointed investors at MBIA Inc. and Fluor Corp. offset better-than-estimated results at Priceline.com Inc.
Under a draft bill obtained by Bloomberg News, eight directors at each regional bank would be chosen by the Fed’s Senate-confirmed governors, and the board chairman would be subject to Senate approval.
Nov. 10 (Bloomberg) -- Goldman Sachs Group Inc . Chief Executive Officer Lloyd Blankfein said his bank, the nation’s fifth largest, is easier to manage than its bigger rivals, defending the company against regulators and lawmakers who want to break up the top U.S. lenders.
Nov. 10 (Bloomberg) -- Goldman Sachs Group Inc ., the fifth- biggest U.S. bank by assets, is easier to manage than larger rivals, Chief Executive Officer Lloyd Blankfein said.
