| May 7, 2014
| 5:53 PM
In 2008, when Treasury Secretary Henry M. Paulson needed someone to run the controversial bailout of the nation's banks, he turned to a trusted and unflappable aide who had followed him from Goldman Sachs to Washington — Neel Kashkari.
| May 5, 2014
| 9:49 AM
Banks are reviving some of the riskier lending practices that preceded the financial crisis, attracting attention as you might expect, although they say they're keeping a lid on things this time.
One trend is enabling homeowners to tap equity...
| May 23, 2014
| 8:56 AM
It's necessary to correct an old canard repeated by former Treasury Secretary Timothy Geithner about Franklin Roosevelt's behavior in the long interregnum between the 1932 election and his 1933 inauguration.
As was spotted by Matt O'Brien of the...
| May 24, 2014
| 2:39 AM
| May 21, 2014
| 4:55 PM
Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a...
| May 27, 2014
| 12:16 PM
Bank of America Corp. told stockholders that it has corrected errors in an annual stress test overseen by the Federal Reserve, saying the changes had almost no effect on its financial strength rating.
The news on Tuesday sent Bank of America shares...
| May 13, 2014
| 5:16 PM
Traders may have made up to $256 million in illicit profit by getting early word of the Federal Reserve’s decisions to loosen or tighten the money supply, according to researchers at Singapore Management University.
The researchers cited “...
| Apr 30, 2014
| 3:06 PM
MetLife, the nation's largest life insurer, reported higher earnings on gains from derivatives despite a loss from a legal settlement with insurance regulators in New York.
Net income for the first quarter was up 36 percent to $1.3 billion, or $1.14...
| May 1, 2014
| 2:38 PM
SS&C Technologies Holdings Inc. of Windsor reported record quarterly revenue Thursday after financial markets closed.
Quarterly net income was $26.5 million, or 30 cents per share, compared with $21.4 million, or 26 cents per share, during the same...
| Feb 4, 2014
| 7:14 AM
A top Federal Reserve official expects the central bank to continue reducing a key stimulus program even though he sees more modest growth this year than many analysts have projected.
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond,...
| Jan 28, 2014
| 12:14 PM
Call it the John-Boy Effect: The millennial generation is the most financially conservative since the Great Depression, according to a new study.
The trauma of the global financial crisis in 2008 and the dot-com meltdown eight years earlier have...