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Nov. 27 (Bloomberg) -- Treasury Department and Federal Reserve examiners should have done more to halt risky lending at U.S. banks that failed amid real-estate losses, reports by agency watchdogs show.
WASHINGTON - The Federal Reserve today tightened the conflict of interest restrictions governing the boards of directors of its 12 regional banks. The new rules were passed...
LONDON--(Marketwire - 11/27/09) - During the session Financials proved to be biggest drag on trade, though. The sector fell 0.8%. Bank stocks had been under pressure in the early going after Financial Times reported that the Federal Reserve has asked nine of the nation's largest bank to outline how they intend to repay TARP. Ridgewater Equity has recently begun technical & fundamental analysis ...
NEW DELHI, INDIA--(Marketwire - 11/27/09) - US markets declined but ended off their lows on Tuesday after the Federal Reserve raised its forecast for 2010. Fed minutes indicated that Federal Reserve officials are confident the US economic recovery will be durable, but do not see employment or inflation picking up soon. Today, we, at The Fortune Financial , have asked some of the top analysts ...
The dollar slumped to a 14-year low point against the yen on Thursday, prompting fears that a further surge could hurt a fragile recovery in Japan, the world's second largest economy.
WASHINGTON — U.S. consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery.
MCLEAN, VA. — Freddie Mac reports that average rates for 30-year fixed mortgages have matched a record low of 4.78 percent this week.
WASHINGTON — In a hopeful sign, the number of newly laid-off U.S. workers filing claims for unemployment benefits fell more than expected last week, dropping below 500,000 for the first time since January.
Denise Siegel walked to the sales clerk at Macy's, ready to buy a new suit for work, when she was given an option: Apply for a Macy's credit card and save upwards of 20 percent on the purchase.
NEW YORK — A disappointing report on consumer confidence and a more sober read on the economy pulled stocks from 13-month highs Tuesday.
NEW YORK — Stocks retreated from 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped the market's optimism.
Freddie Mac, the mortgage-finance company under government control, said defaults among its loans rose to a record 3.54 percent last month, while its portfolio of residential assets fell at an annualized rate of 21.6 percent.
Newark-based Prudential Financial Inc., the second-largest U.S. life insurer, may bid on units that ING Groep NV is selling after its bailout by the Dutch government, an analyst at Wells Fargo & Co. said.
WASHINGTON - Suddenly the Federal Reserve is everybody's punching bag. Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say.
Credit card companies are begging for a backlash as they race to squeeze as much money out of American consumers as they can before tighter regulations take effect in February.
It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so.
