Search Results for: Federal Reserve
Asian shares slump, euro wallows near lows
November 7th, 2014
Asian shares edged down on Friday ahead of U.S. employment data later in the session, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in ...
BofA triples third-quarter loss due to forex legal expense
November 7th, 2014
Bank of America Corp (BAC.N) tripled its third-quarter loss to $232 million, in a revision that added legal costs related to global investigations into foreign exchange trading at major banks. Regulators are investigating allegations that dealers colluded and manipulated key ...
Fed issues rule to prevent oversized U.S. financial firms
November 6th, 2014
The U.S. Federal Reserve unveiled a final rule on Wednesday designed to prevent large financial firms from becoming so big that their failure could shake the core of the U.S. financial market. The final rule, required by the 2010 ...
A Recent Surge of Leveraged Loans Rattles Regulators
November 5th, 2014
As regulators hunt for the next financial bubble, they are homing in on an obscure corner of Wall Street: the debt market where Tom Shannon’s company, a chain of flashy bowling alleys, recently borrowed nearly half a billion dollars. ...
Is Better Communication Longer and More Complex?
November 4th, 2014
Twenty years ago, when the Federal Reserve Open Market Committee wanted to change interest rates, it didn’t make any announcement. It just took action, and market participants observe those actions. Mark Wynne of the Federal Reserve Bank of Dallas ...
It’s Currency War! – And Japan Has Fired The First Shot
November 4th, 2014
This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist. In a surprise move on Friday, the Bank of Japan dramatically ...
JPMorgan: Feds pursue criminal forex probe
November 4th, 2014
JPMorgan said it faces a criminal probe of its foreign exchange business and boosted its legal budget by $1.3B. JPMorgan Chase (JPM) disclosed Monday that the New York-based global bank is in talks with the Department of Justice over ...
Yen hits 7-year low vs dollar; Aussie falls after weak China PMI
November 3rd, 2014
The yen fell to a fresh seven-year low against the dollar on Monday, extending a massive sell-off sparked by the Bank of Japan’s surprise decision to boost its already huge bond-buying stimulus. Sellers also took aim at the Australian ...
Dollar climbs on yen, BOJ passes baton to ECB
November 3rd, 2014
The U.S. dollar powered to seven-year peaks against the yen on Monday and a two-year high on the euro, a punishing trend for commodities priced in dollars as gold, silver and oil all fell. Disappointing surveys out of China’s ...
Inflation? Deflation Is New Risk
October 31st, 2014
A generation of economists and central bankers who lived through the 1970s learned that there is a large risk from runaway inflation and that steps must be taken to stop it before it gets out of control. In reality, ...
