| Apr 25, 2014
| 6:10 AM
The mortgage industry's output of new loans is at the lowest point in 14 years, according to estimates from a trade publication.
Inside Mortgage Finance said Thursday that even in the depths of the financial crisis, mortgage lenders were busier than...
| Mar 20, 2014
| 1:30 PM
WASHINGTON -- Only one of the nation's 30 largest banks would not be able to withstand a severe recession and the firms collectively are in better financial position to handle economic shocks than five years ago, according to Federal Reserve stress test...
| May 19, 2014
| 9:32 PM
The formal responses filed Thursday by Illinois Attorney General Lisa Madigan to a series of lawsuits challenging proposed pension changes (this, for example) put me in mind of the old joke that defines chutzpah — the Yiddish word for brazen......
| Mar 26, 2014
| 8:48 AM
Shares of King Digital Entertainment, the maker of the addictive Candy Crush game, tumbled Wednesday in their first day of trading on Wall Street.
The stock, priced at $22.50 a share in its initial public offering late Tuesday, began trading...
| Mar 13, 2014
| 11:49 AM
There are more millionaires in the United States than ever before.
The number of households with net worth of $1 million or more, excluding their homes, is at a record 9.63 million, according to a new report.
That eclipses the old mark of 9.2...
| Mar 19, 2014
| 6:07 AM
WASHINGTON -- Janet L. Yellen, who broke the Federal Reserve's glass ceiling, marks two more milestones Wednesday, wrapping up her initial policymaking meeting as chairwoman then facing reporters' questions for the first time since taking office last...
| Mar 26, 2014
| 1:39 PM
WASHINGTON -- The Federal Reserve said Wednesday it rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after annual stress tests.
Those tests raised questions about weaknesses in the risk-planning...
| Mar 19, 2014
| 11:27 AM
WASHINGTON -- Federal Reserve policymakers voted Wednesday to continue reducing their bond-buying stimulus program and said they no longer would consider raising its near-zero interest rate once the unemployment rate fell below 6.5%.
The Federal Open...
| Apr 15, 2014
| 7:13 AM
WASHINGTON -- The Federal Reserve is considering tougher rules for big banks to keep credit flowing in case of another financial crisis, Fed Chairwoman Janet L. Yellen said Tuesday.
Although officials from the Fed and regulatory agencies approved more...
| Apr 1, 2014
| 8:38 AM
This is no April Fool's joke: The Standard & Poor’s 500 index is at a record high and the Dow industrials aren’t far behind.
Encouraging manufacturing data pushed up the major indexes Tuesday morning, stoking optimism that the economy is...
| May 6, 2014
| 6:48 PM
Chinese Internet behemoth Alibaba has filed to sell shares in the U.S., the first step in what is expected to be one of the biggest initial public offerings ever.
The company, bigger than Amazon.com Inc. and EBay Inc. combined, said it was raising $1...