17855 Stories, most recent news story added Fri Nov 27, 10:44 pm ET
Federal Reserve Chairman Ben Bernanke, just days ahead of his confirmation hearing, is warning Congress that actions limiting the central bank's independence could prove detrimental to the causes of financial reform and economic recovery.
The Fed said Friday that commercial banks averaged $19.9 billion in daily borrowing over the week that ended Wednesday.
The delayed rules would curb online gambling by prohibiting financial institutions from accepting payments from credit cards, checks or electronic fund transfers to settle online wagers.
The Associated Press Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week.
Nov. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said a “strong case” can be made for keeping the central bank involved in bank supervision, and subjecting interest rate policy to congressional audits may undermine confidence in monetary policy.
The First Niagara Financial Group is in the process of applying to the Federal Reserve Board to become a bank holding company.
Local businesses are already spotting fake money; it could be your loss.
The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply...
Jobs data eyed, but Dubai is the wild card NEW YORK (Reuters) - Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market's path to glory is fraught with peril next week. If Dubai's debt woes intensify and prompt a retreat...
The dollar sank to a fresh 14-year low against the yen Friday but rallied against the euro and other currencies as jitters about Dubai's debt problems sparked a rout in global stock markets.
Nov. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said a “strong case” can be made for keeping the central bank involved in bank supervision, and subjecting interest rate policy to congressional audits may undermine confidence in monetary policy. “There is a strong case for a continued role for the Federal Reserve in bank supervision,” the Fed Chairman said in a commentary released ...
Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health in the future.
Noted economist Henry Kaufman is not one to keep his opinions to himself, and he is not shy in sharing his philosophy that in order for the country to sustain economic growth, it can't be business
WASHINGTON - Sneak previews of upcoming blockbusters. Snappy reminders to buy popcorn, and turn off all cell phones and pagers.
U.S. Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic recovery and financial stability going forward.
Nov. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said legislation under consideration in Congress would impair the ability of the central bank to fulfill its basic functions.
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