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FRIDAY, NOVEMBER 20, 2009
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NEWS ABOUT: Federal Reserve

Federal Reserve stories: 436 news summaries

1 - 20 of 436 Stories | 1 2 3 4 5 ... 22 Next >>

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 Fed Report 
 Rakes Geithner 
 Over AIG Bailout 

He's accused of handing AIG creditors 'backdoor bailout'

Nov 17, 09 4:18 AM CST
(Newser) - Tim Geithner did a lousy job of looking out for the interests of taxpayers during the AIG bailout last year, according to a report from a federal oversight group. Geithner, then head of the Federal Reserve Bank of New York, made no attempt to renegotiate AIG's debts, effectively giving the... More »

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Federal Reserve • AIG • Federal Reserve Bank of New York • financial crisis • Wall Street bailout • New York Federal Reserve Bank • Neil Barofsky

MARKETS

 Dow Up 137; 
 Fed News Sparks Rally 

Bernanke predicts US GDP growth in 2010

Nov 16, 09 3:12 PM CST
(Newser) - Stocks rallied today on news of strong third-quarter economic growth in Japan and reassurance from Ben Bernanke that the Fed will keep interest rates low, the Wall Street Journal reports.
  • The Dow rose 136.49 points to close at 10,406,96.
  • The Nasdaq gained 29.97, settling
... More »

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Ben Bernanke • Japan • Federal Reserve • Dow Jones • Nasdaq • S&P 500 • Japanese economy • interest rates


 Fed Restricts Overdraft Fees 

Customers must opt in for coverage of ATM, debit transactions

Nov 12, 09 1:06 PM CST
(Newser) - Starting in July, banks will have to get consumers' explicit consent before authorizing an overdraft—and the accompanying fee—on debit and ATM card transactions. Since the advent of the financial crisis, overdraft fees have become the biggest source of consumer fee income for banks. Congress is also considering making... More »

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Ben Bernanke • Federal Reserve • debit card • ATM • financial crisis • overdraft fee

Thomas Frank

Financial Reform: How to Prevent Another Greenspan

Reform plans may hand regulation over to fervent deregulators

Nov 11, 09 9:44 AM CST
(Newser) - There's a lot riding on reform of the financial industry, but the administration's plans to overhaul financial regulation carries the seeds of its own destruction, writes Thomas Frank. Taking oversight away from the present confusing array of agencies and making the Federal Reserve One Big Regulator means that when the... More »

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Federal Reserve • Alan Greenspan • financial services • regulation • financial sector • bank regulation • deregulation

Dodd Unveils Sweeping Financial Overhaul Bill

It would create new oversight agencies

Nov 10, 09 2:41 PM CST
(Newser) - Chris Dodd introduced a sweeping financial regulation bill that creates no fewer than three new agencies to oversee the banking industry. Dodd’s bill creates an Agency for Financial Stability to identify systemic risks to the economy as a whole. It entrusts all bank supervision to the Financial Institutions Regulatory... More »

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Senate • Federal Reserve • Chris Dodd • Senate Finance Committee • FDIC • bank regulation

  Dodd Declares War With 
  Senate Bank Bill  

Senator readies radical overhaul of finance regulation

Nov 5, 09 7:34 AM CST
(Newser) - A Senate bill that would fundamentally change the structure of banking regulation is headed for a clash with both the House and the White House. Christopher Dodd is readying a proposal to strip the Fed and FDIC of almost all bank-supervision powers, creating in their place a new agency that... More »

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Senate • Federal Reserve • Chris Dodd • FDIC • bank regulation

 Fed Leaves Rate 
 at Record Low 

Says it wants to foster recovery

Nov 4, 09 1:43 PM CST
(AP) - The Federal Reserve today held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. The Fed says economic activity has "continued to pick up" and that the housing market also has grown... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • interest rate • Fed funds rate • interest rate cut

Even Dems Say Grayson's Nuts

'One fry short of a Happy Meal' after he calls Fed adviser 'a
K Street whore'

Oct 26, 09 9:10 PM CDT
(Newser) - Rep. Alan Grayson has irked Republicans over the past month or so with his sharp tongue—saying the GOP health plan was for Americans to “die quickly,” then, last week, comparing Dick Cheney to a vampire—but even fellow Dems are up in arms after an interview surfaced... More »

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Iraq • Dick Cheney • Federal Reserve • health care reform • congressional Democrats • vampire • K Street • Alan Grayson • Congressional Republicans

Steven Pearlstein

New Pay Rules May Hurt Banks, but Protect Public

They'll discourage commercial banks from being investment banks

Oct 23, 09 8:33 AM CDT
(Newser) - Steven Pearlstein isn't exactly wowed by the new salary rules being proposed for Wall Street. "Don't get carried away. By themselves, these measures won't prevent future crises, nor will they likely do much to lower the prevailing pay levels on Wall Street or in corporate America." But, he... More »

MORE ABOUT:
Wall Street • executive compensation • Federal Reserve • banking industry • pay cut • Kenneth Feinberg

Fed Rolls Out Plan to Limit Bank Pay

It works in tandem
with pay czar's new compensation rules

Oct 22, 09 3:15 PM CDT
(Newser) - The Federal Reserve today officially announced a plan to regulate pay structures at banks, the same day the pay czar rolled out his plan to cap salaries at bailed-out firms. The administration’s double-whammy on compensation marks an unprecedented level of government involvement in the private sector, and the policies... More »

MORE ABOUT:
executive compensation • Federal Reserve • bank • compensation • financial institutions • risk factors • Kenneth Feinberg

OPINION

Bailout
Is Bad News
for Savers

Banks get trillions, fixed-income investors get screwed: Sloan

Oct 20, 09 12:17 PM CDT
(Newser) - Not fed up enough with just putting your taxpayer dollars directly on the line to bail out the nation’s banks? Allan Sloan has latched on to some insidious “collateral damage” from the government’s rescue plan, those trillions spent “to keep interest rates down to support the... More »

MORE ABOUT:
Federal Reserve • investments • recession • Treasury Department • interest rate • Allan Sloan • rescue package • Wall Street bailout • TARP

Bernanke: US Must Save More, Asia Spend More

Fed chief warns global imbalances could trigger new meltdown

Oct 20, 09 8:46 AM CDT
(Newser) - The world economy is headed back down the drain if Asians don't start spending more and Americans don't start saving more, Ben Bernanke said at a conference yesterday. The Fed chief warned that unequal trade patterns were partly to blame for the financial crisis and that they are re-emerging as... More »

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China • Ben Bernanke • Federal Reserve • US-China trade deficit • trade deficit • US economy • Chinese economy • trade gap • financial crisis

Fed May Have Outmuscled Other Lehman Creditors 

Government creditors got their cash back; private investors still struggling

Oct 2, 09 8:05 AM CDT
(Newser) - A special court examiner investigating the Lehman Brothers bankruptcy is trying to determine whether the Fed used its clout to get its money back from the collapsed bank ahead of other creditors. The central bank and its New York branch lent Lehman $46 billion before the bankruptcy but was promptly... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • bankruptcy • Lehman Brothers • loan • Timothy Geithner • creditor • bankruptcy court

MARKETS

 Dow Drops 81 
 Despite Fed News 

Oil prices tumble $2.79

Sep 23, 09 3:21 PM CDT
(Newser) - After an initial boost off the Fed's cautiously optimistic announcement and decision to leave interest rates unchanged, stocks fell late in the session, the Wall Street Journal reports. Crude oil tumbled $2.79 to $68.53 a barrel, driving sell-offs in energy stocks that in turn depressed the major indices.... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • Dow Jones • Nasdaq • S&P 500

(AP) - The Federal Reserve today decided as expected to hold a key bank lending rate at a record low near zero and pledged to keep rates there "for an extended period." The Fed also declared that "economic activity has picked up following its severe downturn" and said it... More »

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Ben Bernanke • Federal Reserve • recession • economy • interest rates

Goldman May Break Charter to Duck Pay Rules

Investors see financial giant shedding
year-old bank status

Sep 23, 09 8:15 AM CDT
(Newser) - With the Federal Reserve busily drafting rules to limit pay for bank executives, some investors believe Goldman Sachs will simply stop being a bank, Reuters reports. By shedding its year-old commercial banking charter, acquired in the heat of the financial meltdown to ensure access to credit, Goldman could elude restrictions... More »

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executive compensation • Goldman Sachs • Federal Reserve • bank • bank regulation • banking industry

OPINION

Fed Shows Backbone, but
Obama Cowers Before Banks

Reining in pay is good politics, good economics: Krugman

Sep 21, 09 8:48 AM CDT
(Newser) - Just as the recession wanes and the financial system shows signs of the health, banks are returning to their worst habits, says Paul Krugman. Not only are paychecks soaring to pre-Lehman levels, but the financial sector is using its muscle to block "even the most minimal reforms." While... More »

MORE ABOUT:
Barack Obama • executive compensation • Federal Reserve • bonuses • bankers • Obama administration • financial crisis • executive bonuses

 Fed Plans 
 to Oversee 
 Bankers' Pay 

Sweeping new rules will let central bank reject risky compensation plans

Sep 18, 09 5:48 AM CDT
(Newser) - A wide-ranging plan by the Federal Reserve to limit executive pay would allow government regulators to probe private financial institution's pay practices—and let the Fed block any policy it thinks may encourage undue risk. The plan is still being formulated and won't be finished for weeks, but it requires... More »

MORE ABOUT:
Wall Street • executive compensation • Federal Reserve • bonuses • compensation • risky trading • clawback • executive bonuses

(AP) - Fed chief Ben Bernanke said today that the worst recession since the 1930s is "very likely over at this point." However, "it's still going to feel like a weak economy for some time," he warned, and unemployment will almost certainly rise. He spoke today to the... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • Brookings Institution • economy

OPINION

Fed Has Field of Economics in Its Pocket

Central bank keeps vast number of thinkers on the payroll

Sep 9, 09 3:09 PM CDT
(Newser) - The Federal Reserve has essentially bought out the economics profession, writes Ryan Grim in a Huffington Post investigation. The Fed employs or contracts with so many economists that it's a "career liability" for any independent-minded one to criticize policy, writes Grim. This might explain why the Fed has largely... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • economics • economist • economists

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