Fed Sets Tougher Rules for Big Banks on Liquidity, Credit Exposure
The largest U.S. banks and some non-banking financial firms deemed systemically vital face stricter rules on liquidity and credit exposure that were proposed today by the Federal Reserve to head off another crisis.
The ...
Fed: Moderate Growth Means Near-Zero Rate ‘Through mid-2013’
Despite slowing global growth, the U.S. economy is “expanding moderately” with improvement in consumer spending, but unemployment is still too high and the housing market remains depressed, the Federal Reserve ...
Banks Earned $13B from Secret Fed Bailout Loans, Bloomberg Reports
Some of the biggest U.S. banks are among financial institutions that reaped an estimated $13 billion of income from emergency loans the Federal Reserve doled out at below-market rates, reports Bloomberg in its analysis ...
Fed Official: Dodd-Frank ‘Stress Tests’ Coming for More Big Banks
For the fourth time since the aftermath of the financial crisis, the Federal Reserve will conduct “stress tests” on 19 of the largest U.S. banks to ensure they can withstand “worse-than-expected outcomes for ...
Credit Card Debt Still Sliding, But Car and Student Loans Jump
U.S. consumer credit, both credit card balances and other types of non-revolving loans, rose 3.6 percent in September after a significant decrease of 4.7 percent the previous month, indicating that Americans took ...
Fed: Fewer Banks Eased Commercial Lending in Third Quarter
Fewer U.S. banks eased standards on commercial and industrial loans during the third quarter, compared to more widespread easing in previous quarters, the Federal Reserve reported today in its latest survey of lending ...
Bernanke on ‘Occupiers’: Fed’s Motives are Misunderstood
A defensive but sympathetic Federal Reserve Chairman Ben Bernanke said he understands concerns about the economy and income inequality brewing among Occupy Wall Street protesters, but that the Fed’s motives are ...
Fed Outlook: Near-Zero Funds Rate Likely Until Late 2013
U.S. consumers in good credit standing shouldn’t anticipate any substantial shake up in their credit card or other loan rates as the Federal Reserve today kept untouched its key federal funds rate at the historically ...
Fed Chief: Regulators Eye ‘Systematic Weaknesses’ in Foreclosures
Regulators next month will have preliminary results of their review into reports of shoddy foreclosure paperwork as a potential crisis looms in a housing market where more than a quarter of sales are distressed ...
Consumers Push Down Credit Card Debt for 23rd Month: Fed
Consumers continued to shun credit card use, and in July marked the 23rd consecutive month of pushing down U.S. revolving credit, according to figures released today by the Federal Reserve.
Credit card debt fell ...
