Search Results for: Federal Reserve
Gold Extends Drop From 3-Month High as Dollar Strengthens
July 7th, 2014
Gold extended a decline from a three-month high as the outlook for higher borrowing costs in the U.S. strengthened the dollar. Silver also dropped. Gold ended a 12-year rally last year on expectations the Federal Reserve would reduce stimulus ...
Goldman Sachs Brings Forward Rate Forecast as Treasuries Drop
July 7th, 2014
Goldman Sachs Group Inc. brought forward its forecast for the Federal Reserve to raise interest rates after U.S. employers added more jobs than forecast, sending five-year Treasuries lower for a fourth day. The Fed will increase its benchmark in ...
Bond Anxiety in $1.6 Trillion Repo Market as Failures Soar
July 7th, 2014
In the relative calm that is the market for U.S. Treasuries, a sense of unease over a vital cog in the financial system’s plumbing is beginning to rise. The Federal Reserve’s bond purchases combined with demand from banks to ...
Wall Street set to extend highs
July 2nd, 2014
The rally on Europe’s main equities markets is continuing, after fresh prices data for the eurozone did not contain any unpleasant surprises ahead of this week’s European Central Bank policy meeting. The region-wide FTSE Eurofirst 300 is up 0.4 ...
Gouging the Gauchos
July 2nd, 2014
Like individuals, corporations, and other private firms that rely on bankruptcy procedures to reduce an excessive debt burden, countries sometimes need orderly debt restructuring or reduction. But the ongoing legal saga of Argentina’s fight with holdout creditors shows that ...
JPMorgan Investors Show Support for Dimon in Cancer Fight
July 2nd, 2014
Jamie Dimon, whose eight years atop JPMorgan Chase & Co. (JPM) have made him one of Wall Street’s most powerful leaders, said he’ll start treatment for throat cancer, raising new questions about succession plans at the biggest U.S. bank. ...
Taking Systemic Risk Seriously
June 30th, 2014
There are two leading views about the world’s financial system. The first, heard mostly from executives at leading global banks and their allies, is that the system is safer than it has ever been. According to this view, the ...
Pimco runs risks in turning up the ‘vol’
June 27th, 2014
It was a tantalising introduction. Bill Gross, Pimco’s “Bond King” and founder of the world’s largest fixed income fund, promised to impart the secrets of his extraordinary success to an audience of financial advisers in Chicago. “I’ll be handing ...
Regions Financial to pay $51 mln for alleged accounting misdeed
June 26th, 2014
Regions Financial Corp, a large U.S. southeast regional bank, agreed to pay $51 million to settle federal and state allegations it failed to account properly for souring commercial loans during the financial crisis, boosting its earnings. The settlements announced ...
Emerging-Market Target Practice
June 26th, 2014
Central bankers want only a few things. To achieve any of them they usually seek to nudge inflation expectations, demonstrate the transparency of monetary policy, and establish their institutions’ credibility. To communicate their intentions simply and clearly, they may ...
