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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Federal Reserve

Federal Reserve stories: 439 news summaries

81 - 100 of 439 Stories | << Prev 1 2 3 4 5 6 7 8 9 ... 22 Next >>

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Private Equity Players Want In on Banking

Fed resists easing restrictions on risky, cash-rich enterprises

May 6, 09 9:22 AM CDT
(Newser) - Even in the midst of the banking crisis, numerous entities are willing to buy the big banks, the New York Times reports. Private equity groups like J.C. Flowers & Company are itching to snap up the cash-strapped behemoths, but the Fed won’t let them. It’s worried... More »

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private equity • Federal Reserve • private equity firms • JC Flowers and Co • banking • banking industry

 Bernanke Sees
 Economy Stabilizing 

But not going to improve quickly

May 5, 09 11:11 AM CDT
(Newser) - It looks like the economy is stabilizing, Ben Bernanke told the congressional Joint Economic Committee today, but recovery won’t be quick, and there are still “sizable job losses” on the horizon. “We continue to expect economic activity to bottom out, then to turn up later this year,... More »

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Congress • Ben Bernanke • Federal Reserve • testimony • economy

Citi May Need Extra $10B to Pass Stress Test

Fed delays release of results as banks haggle over initial findings

May 2, 09 4:46 AM CDT
(Newser) - Citigroup may have to scrape together as much as $10 billion in fresh capital to pass the Fed's stress tests for big banks, insiders tell the Wall Street Journal. The release of the tests—which assess how a bank could weather various dire scenarios—has been pushed back from Monday... More »

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Citigroup • Federal Reserve • bank • financial crisis • stress tests

 Fed to Release 
 Stress Test Results Next Week 

Data will show potential losses in specific loan categories

May 1, 09 1:44 PM CDT
(Newser) - The US will learn the fiscal health of its 19 biggest banks Thursday, when the Federal Reserve and Treasury release the results of the “stress tests,” the Wall Street Journal reports. Delayed somewhat, the results will contain potential loss estimates in specific loan categories for each bank, and... More »

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Federal Reserve • capital • Treasury Department • credit crisis • loan • banks • stress tests

MARKETS

 Dow Surges 168 on Fed Hopes 

Consumer spending bump supports solid gains

Apr 29, 09 3:40 PM CDT
(Newser) - Stocks gained today but ended off session highs after good news from a key Federal Reserve body, the Wall Street Journal reports. The Open Market Committee said it saw evidence the economy is stabilizing, and the Fed said it may increase purchases of Treasury securities to lower borrowing costs. The... More »

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Federal Reserve • Dow Jones • Nasdaq • Federal Open Market Committee • S&P 500

(Newser) - Federal Reserve regulators are urging Bank of America and Citigroup to raise more capital, based on their preliminary stress test results, sources tell the Wall Street Journal. Sources familiar with Bank of America say the shortfall numbers in the billions. But both banks are protesting, with Bank of America... More »

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Citigroup • Bank of America • Federal Reserve • capital • banking industry • stress tests

 Fed Describes 'Stress Tests' 


Apr 24, 09 4:06 PM CDT
(Newser) - At the behest of the Federal Reserve, the 19 biggest US banks are projecting their losses on 12 categories of financial product such as loans and mortgage securities, the New York Times reports. The Fed, which asked the institutions to project a hypothetical scenario of a “stressed economic environment,... More »

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Federal Reserve • bank • Treasury Department • bank failure • financial crisis • stress tests

 Banks Get Stress Test Grades 

Pandit out at Citi?

Apr 24, 09 8:40 AM CDT
(Newser) - The nation's biggest banks will start to learn how they did on the dreaded stress test today, reports the New York Times. Though the public won’t learn the results until May 4, analysts are predicting that many of the 19 banks will have to raise large amounts... More »

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Citigroup • Federal Reserve • Treasury Department • financial sector • Vikram Pandit • banks • banking industry • TARP • stress tests

Schumer Wants Faster Action on Credit Cards

Rules on deceptive practices don't take effect until 2010

Apr 23, 09 1:49 PM CDT
(Newser) - Sen. Chuck Schumer is putting pressure on the Fed and the Office of Thrift Supervision to enact restrictions on the business practices of credit card firms more quickly, the New York Daily News reports. The agencies have drafted new rules banning deceptive practices like hidden fees and retroactive rate hikes,... More »

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Congress • Charles Schumer • Federal Reserve • Chris Dodd • credit card • lending practices • Office of Thrift Supervision • predatory lending • credit card accounts

Fed Swears Stimulus Won't Spike Inflation

Central bank will 'adapt flexibly' and one day reverse rescue plans

Apr 18, 09 5:32 PM CDT
(Newser) - The Federal Reserve's plans to plunge more money into the economy are “necessary, safe, and effective" and “will not lead to adverse aftereffects,” Ben Bernanke's top deputy said today. Giving a speech at Vanderbilt University, Fed Vice Chairman Donald Kohn admitted that the Fed's balance sheet... More »

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inflation • Federal Reserve • balance sheets • economy • Donald Kohn

MARKETS

 Beige Book Boosts Dow Up 109 

Investors look past Intel to manufacturing

Apr 15, 09 3:15 PM CDT
(Newser) - Stocks rose late in today’s session, buoyed by decent news from the Fed’s Beige Book, the Wall Street Journal reports. The report showed manufacturing activity stabilizing or rising in five of 12 US districts, after months of declines. The Dow closed up 109.44 at 8,029.62.... More »

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Federal Reserve • Intel • Dow Jones • earnings reports • Nasdaq • S&P 500 • earnings forecast • Beige Book

ANALYSIS

 Bernanke's 
 PR Campaign 
 Strips Fed Mystique 

Fed chief considering press briefings as part of push for more open central bank

Apr 15, 09 6:53 AM CDT
(Newser) - Ben Bernanke is breaking from his predecessors at the Federal Reserve by giving the public a less obstructed view of the Fed's role in the big picture, the Wall Street Journal reports. Bernanke, thrust into the spotlight by the financial crisis, has ditched the man-behind-the-curtain mystique earlier chiefs reveled in... More »

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Ben Bernanke • Federal Reserve • central bank • financial crisis • Lawrence Summers

Fed to Banks: Keep Quiet on Stress Tests

Officials worry leaked results will cause market chaos

Apr 10, 09 12:38 PM CDT
(Newser) - The Federal Reserve is adopting a loose-lips-sink-ships policy when it comes to the “stress tests” being administered to big US financial firms. Goldman Sachs, Citigroup, and others have been ordered to keep quiet about their financial report cards, Bloomberg reports. Officials fear that should those results leak, investors would... More »

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Ben Bernanke • Federal Reserve • Treasury Department • financial sector • Timothy Geithner • stress tests

investigation

At NY Fed, Geithner Saw Risk, Didn't Act

Legacy of missing red flags trails onetime regulator to Treasury

Apr 3, 09 10:35 AM CDT
(Newser) - Timothy Geithner spent a lot of time thinking about the derivatives trade as president of the New York Federal Reserve—in 2005 he convinced banks to digitize the market, making it far more efficient. But he never convinced them to scale back risk and never exercised his powers to force... More »

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Federal Reserve • Treasury Department • Federal Reserve Bank of New York • bank regulation • Timothy Geithner • regulator

OPINION

 This Rally May Be the Real Deal 

Positive indicators, better policy, historical benchmarks; the time is right for a bottom

Mar 26, 09 9:07 AM CDT
(Newser) - The tentative rally on Wall Street is reason enough for one economist to feel hopeful: "I’m ready to take another shot at calling the bottom," writes Michael Mandel in BusinessWeek. Since (apparently) bottoming out March 9, stocks have risen 20%, and the reasons behind the climb... More »

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stock market • Federal Reserve • durable goods • economic indicators • US-China trade deficit • financial markets • trade deficit • unemployment • Treasury Department • financial crisis



 Euro Bank Chief 
 Slams US 
 on Stimulus 

Central bank chief says nations must get the last effort right

Mar 23, 09 8:34 AM CDT
(Newser) - The head of the European Central Bank says the continent does not need to spend more to combat recession, heightening the standoff between Washington and European governments over response to the financial crisis. In an interview with the Wall Street Journal, Jean-Claude Trichet said governments should concentrate on executing measures... More »

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Federal Reserve • recession • central bank • European Central Bank • eurozone • financial crisis • interest rates • Jean-Claude Trichet

 Treasury 
 Unveils $1T Plan 
 to Clean Up Toxic Assets 

Three-part program will push investors to buy toxic assets

Mar 23, 09 8:09 AM CDT
(Newser) - The Treasury unveiled its three-part Public-Private Investment Program today, reports the Wall Street Journal. Under the program, up to $100 billion in TARP funds will be partnered with private investments to buy troubled assets. The Treasury, Federal Reserve, and FDIC will work with hedge funds and private equity to try... More »

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Federal Reserve • FDIC • Obama administration • financial crisis • Timothy Geithner • TALF • Public-Private Investment Program

Disgraced Credit Raters
See Windfall in Fed Plan

Moody's, S&P could earn big rating Fed bond deals

Mar 20, 09 10:49 AM CDT
(Newser) - Credit-rating companies faulted for their role in creating the financial crisis could rake in more than $1 billion in Ben Bernanke’s new plan to prop up the financial system, the Wall Street Journal reports. The Fed is planning $7 billion worth of bond deals, and they'll need the approval... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • bonds • Standard and Poor • Moody's • credit rating

Analysis

 Mortgages Won't Go Any Lower 


Mar 20, 09 8:48 AM CDT
(Newser) - The extraordinary measures the Fed has taken to reduce long-term mortgage rates may have hit their limits. Lenders are now quoting an average rate of 4.75% on 30-year fixed-rate mortgages, and that’s probably as cheap as it’s going to get, says James Hagerty of the Wall ... More »

MORE ABOUT:
Federal Reserve • mortgage • mortgage rates

Plummeting Mortgage Rates Near Record Low

Rate for 30-year mortgage again below 5%

Mar 19, 09 12:03 PM CDT
(Newser) - Interest rates for fixed-rate mortgages decreased this week, with the rate for a 30-year mortgage falling 0.05% to an average 4.98%, near January’s record low of 4.96%, MarketWatch reports. Thirty- and 15-year mortgage rates are down nearly a full percentage point from a year ago. The... More »

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housing market • Federal Reserve • mortgage • interest rate • 30-year mortgage • interest rates

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