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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.
Nov. 10 (Bloomberg) -- Banks are carrying more short-term debt on their balance sheets than at any time in at least 30 years, exposing them to rising borrowing costs that could undermine profits, Moody’s Investors Service said.
WASHINGTON -- 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 yesterday.
Nov. 10 (Bloomberg) -- Economic growth in the U.S. will be stronger over coming quarters than previously anticipated as manufacturing, business spending and exports pick up while consumers cool off, a monthly economists’ survey indicated.
The Federal Reserve said Monday that GMAC is the only one of 19 stress-tested banks that needs more capital to withstand future losses. GMAC, a crucial player in the U.S. auto industry, has been unable to raise the $11.5 billion regulators said it needed. The Fed says the finance company is expected to close the gap with more money from the $700 billion financial bailout.
Prohibiting big commercial banks from owning investment-banking institutions would be unlikely to limit the “too big to fail” problem with big banks, a key Federal Reserve regulator says.
Washington » 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.
All but one of the 19 largest banks have raised the extra capital cushion regulators said they'd need to withstand a deeper recession — a sign, the Treasury secretary said, of how much the financial system has improved since the crisis began.
U.S. stock futures edge lower after a rally that has pushed equities higher for six straight sessions on the prospect that cheap money will remain in place for some time.
Nov. 10 (Bloomberg) -- The yen and the dollar advanced against high-yielding currencies and commodities declined as Fitch Ratings said the U.K.’s sovereign credit rating is at risk and German investor confidence deteriorated more than forecast.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
Job market could improve in early 2010.
Cramer told viewers to check out some stalled stocks that he believes will turn into winners. Click for news from Jim Cramer.
Stock index hits '09 high and the dollar sinks as a fresh round of deal-making and a new G-20 pledge cheer investors.
WASHINGTON, Nov. 9 (UPI) -- The Federal Reserve Board said Monday nine of the 10 U.S. bank holding companies needing to raise capital have met or exceeded their required capital buffers.
Nov. 9 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said a rebound in stocks is “re-liquifying” the U.S. economy and housing prices are showing early indications of ending their decline.
