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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 111-121
  • 'War and Gold' explains the chaotic history of money

    "War and Gold: A 500-Year History of Empires, Adventures, and Debt" by Kwasi Kwarteng; Public Affairs/Perseus Books (442 pages, $28.99) One of my souvenirs is a note from the Reserve Bank of Zimbabwe. I paid a vendor in Victoria Falls $3 for it, and that...
  • Euro, sterling expected to hold firm over coming months: Reuters poll

    BANGALORE (Reuters) - The euro will hold its strength for at least a few more months, but a U.S. dollar rally, which analysts and investors have been waiting on for many months, will begin later this year, a Reuters poll found. The European Central Bank,...
  • Is this the worst Congress ever?

    Is this the worst Congress ever?
    This will be a short rant, as we prepare to head off to celebrate the birth of our nation with fireworks, barbeques and theĀ usual trappings of summer. In spite of the celebratory mood, I am troubled by the unrelenting incompetence of the U.S. Congress....
  • Inspector general criticizes consumer bureau headquarters renovation

    Inspector general criticizes consumer bureau headquarters renovation
    A government watchdog criticized the Consumer Financial Protection Bureau's controversial headquarters renovation, whose price tag has risen to an estimated $216 million, saying there was not a "sound business case" for the project because the agency...
  • TRLPC: U.S. leveraged buyout loans may reflect Fed, OCC disparities

    NEW YORK (Reuters) - Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve. U.S....
  • Dozens of protesting trash haulers make noise around City Hall

    Dozens of protesting trash haulers make noise around City Hall
    Dozens of trash haulers and other vehicles encircled Los Angeles City Hall on Tuesday, blowing their horns and clogging downtown traffic as they protested what city labor groups claim are millions of dollars' worth of "predatory fees" L.A. has paid to...
  • States intervene in city fiscal crises

    WASHINGTON When Illinois Gov. Pat Quinn signed an overhaul of two pension systems for Chicago city workers last month, he inserted the state into the city's budget business and set off a political firestorm that will heat up this fall's elections. Quinn,...
  • Cole Taylor Bank fined $3.5 million for checking account practices

    Cole Taylor Bank fined $3.5 million for checking account practices
    The Federal Reserve on Tuesday levied a $3.5 million penalty against Chicago-based Cole Taylor Bank over accusations of deceptive practices related to its checking accounts for college students. In May, Rosemont-based Taylor Capital Group, parent of Cole...
  • Fed awards record amount of term deposits

    NEW YORK (Reuters) - The Federal Reserve awarded a record amount of seven-day term deposits to banks at an auction held on Monday, it said in a statement on Tuesday. The U.S. central bank allotted $124.9 billion of them to 58 banks which will receive...
  • Council committee wants to pressure banks to lower rates on bond deal

    Los Angeles officials moved Monday to get out of two Wall Street bank contracts that they say soured after the economic crash of 2008. In 2006, the city entered into an interest rate swap deal with Bank of New York Mellon and Dexia, a Franco-Belgian...
  • Susan Tompor: Wall Street wonders how long the party will last

    Summer may be off to a pleasant economic start but every day investors still are wondering if they need more protection than a dab of sunscreen. The Federal Reserve offered a modestly upbeat forecast last week on the U.S. economy. The Fed noted that...