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Central Bank

A collection of news and information related to Central Bank published by this site and its partners.

Top Central Bank Articles

Displaying items 111-121
  • Fed disputes cost-saving claims of switching to $1 coin

    WASHINGTON — To lawmakers and others arguing that replacing the $1 bill with a $1 coin would save the government money, the Federal Reserve says, "Don't bet on it." A new analysis by Fed staffers said the old-fashioned greenback is more durable...
  • Eurozone's unemployment climbs to 12.1%, a fresh record high

    Eurozone's unemployment climbs to 12.1%, a fresh record high
    WASHINGTON -- The Eurozone's unemployment rate hit a record high of 12.1% in March as the region continued to struggle with recession, government officials said Tuesday. The seasonally adjusted jobless rate for the 17-nation group topped the previous...
  • Federal Reserve officials stay course on stimulus, interest rates

    Federal Reserve officials stay course on stimulus, interest rates
    WASHINGTON -- Federal Reserve policymakers said Wednesday they would continue their stimulus efforts and hold steady on rock-bottom interest rates, but announced no new actions as the economy appeared headed for another spring slowdown. After a two-...
  • European Central Bank cuts key interest rate to fight recession

    European Central Bank cuts key interest rate to fight recession
    WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone. The central bank's policymakers lowered its main refinancing rate by 0.25...
  • Harbor Bankshares out from under regulatory enforcement orders

    Harbor Bankshares out from under regulatory enforcement orders
    The Federal Reserve Board announced Thursday that it terminated an enforcement action against Baltimore-based Harbor Bankshares Corp. The Federal Reserve Bank of Richmond issued the action in July 2010, reaching an agreement with the holding company...
  • Warren Buffett says economy slowly improving, calls Bernanke 'gutsy'

    Warren Buffett says economy slowly improving, calls Bernanke 'gutsy'
    WASHINGTON -- Billionaire investor Warren Buffett said he sees the economy slowly improving and hailed Federal Reserve Chairman Ben S. Bernanke as "gutsy" for the actions the central bank has taken to boost growth. Buffett told CNBC on Monday that he...
  • Are your mortgage modification terms worth continuing payments?

    Are your mortgage modification terms worth continuing payments?
    Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...
  • Europe could drop interest rate below zero on excess bank deposits

    Europe could drop interest rate below zero on excess bank deposits
    WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...
  • Eurozone economy shrinks in first quarter, marking longest recession

    Eurozone economy shrinks in first quarter, marking longest recession
    WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999. The 17-nation Eurozone now has been in...
  • Fed's Dudley says decision on stimulus pullback still months away

    Fed's Dudley says decision on stimulus pullback still months away
    WASHINGTON — A top Federal Reserve official said Wednesday that a decision on reducing the central bank's unprecedented economic stimulus efforts still is three to four months away as policymakers first must determine if the recovery is strong...
  • Bernanke warns against scaling back Fed stimulus too soon

    Bernanke warns against scaling back Fed stimulus too soon
    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke said Wednesday that the central bank could start scaling back its stimulus program in the next few months, but warned against acting too quickly and harming the still-weak economic recovery. The key...