Volcker says U.S. bank oversight ineffective, seeks overhaul

Apr 20, 2015

Volcker says U.S. bank oversight ineffective, seeks overhaul

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It ...

Apr 9, 2015

Fed split on timing of interest-rate hike: minutes

The Federal Reserve was split at its last policy meeting on when to raise ultra-low U.S. interest rates, with timing ranging from June to 2016, according to minutes released Wednesday. “Several participants judged that the economic data and outlook were likely to warrant beginning ...

Mar 6, 2015

Major banks in U.S. all pass first phase of stress tests

The 31 largest banks in the United States passed the first phase of regulatory stress tests, the Federal Reserve announced Thursday. But the three leading investment banks Goldman Sachs, JPMorgan Chase and Morgan Stanley were among the worst performers, mainly because of their greater ...

Republicans in Congress challenge Fed's independence

| Feb 28, 2015

Republicans in Congress challenge Fed's independence

After unemployment and deflation, Federal Reserve Chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy. Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and ...

For investors, a new game plan after U.S. jobs report

| Feb 7, 2015

For investors, a new game plan after U.S. jobs report

A blowout jobs report has changed the calculus for investors for what the Federal Reserve might do in coming months, resetting expectations for how markets might behave if the U.S. economy continues to strengthen even as global growth lags. Strong job market growth, along ...

Jan 24, 2015

U.S. home sales rose in December

More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 ...

Dec 19, 2014

U.S. regulators label MetLife as potential financial system threat

Major insurer MetLife Inc. says U.S. regulators have labeled it as a potential threat to the financial system, a designation that brings stricter government oversight. MetLife said Thursday that the Financial Stability Oversight Council has designated the company as “systemically important.” As a result, ...

321,000 hired in U.S. last month

Dec 6, 2014

321,000 hired in U.S. last month

by Christopher S. Rugaber

A resurgence in U.S. hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999. The gain of a robust 321,000 jobs — the most in nearly three years — put further distance between a strengthening ...