Two significant speeches from senior Reserve Bank officials in the past day or so have added to the arguments and view the central bank has about the current state and direction of the Australian economy, which appeared in this week's minutes of the September 6 RBA board meeting.
FBR Capital Markets anticipates that Congress will be unable to pass legislation to lower the loan limits below $625,500 until at least 2013, and expects that it could be even longer.
UBS CEO Oswald Gruebel will ask the board of the Swiss financial giant to back his leadership and keep its investment bank after a $2.3 billion loss blamed on a rogue trader piled pressure on him to scale back or even split off the division.
UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.
A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into foreclosure.
The U.S. Federal Reserve Wednesday announced it will sell $400 billion worth of short-maturity bonds and reinvest in bonds with maturities of 6 to 30 years by the end of June 2012, in a program commonly referred to as Operation Twist.
A federal appeals court revived on Wednesday a lawsuit by homeowners who accused several major U.S. homebuilders of causing them harm by marketing neighboring homes to people at high risk of foreclosure.
The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering U.S. recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.
The stock price has been languishing for more than two years -- shares have lost almost half their value year-to-date.
The new Consumer Financial Protection Bureau will release a final rule early next year requiring lenders to make sure prospective borrowers have the ability to repay their mortgages, the acting head of the agency said on Tuesday.
Fannie Mae and Freddie Mac, the country's two largest mortgage finance providers, are expected to gradually increase the fees they charge lenders in the next year, their federal regulator said on Monday.
The regulator for Fannie Mae and Freddie Mac said on Monday he is considering some reform scenarios that include higher costs for mortgages backed by the government and sharing more risk with the private sector.
In the second quarter of 2011, the bank lost an astounding $8.8-billion, partially due to the burden of its enormous mortgage/legal liabilities.
President Barack Obama is expected to make a raft of recommendations for changing tax law on Monday, in addition to his new proposed tax on the rich -- known as the Buffett tax after billionaire Warren Buffett -- which was disclosed on Saturday.
Federal prosecutors on Friday charged a Staten Island couple who bled more than more than $2.5 million in government funds from a food program meant for financing nutritious meals for preschoolers.
The jury has reached a verdict in a courtroom battle between Trust Company of the West and former investment chief Jeffrey Gundlach, concluding a six-week trial that has transfixed the financial industry.
Swiss bank, UBS AG, said it has suffered a $2 billion loss due to rogue trading and the London police arrested a 31-year-old man on suspicion of fraud.
JPMorgan Chase & Co was sued by Wells Fargo & Co , which seeks to force it to buy back more than 800 soured mortgage loans that it oversees as trustee.
Bank of America Corp's $8.5 billion proposed mortgage-backed securities settlement is now in the hands of a New York federal judge. But it could end up back before state court in a legal tug-of-war over who should decide whether the pact passes muster.
Swiss bank UBS AG has said that it has suffered a $2 billion loss stemming from unauthorized trading even as London police arrested a 31-year-old man on suspicion of fraud by abuse of position.
UBS said a trader has lost about $2 billion in unauthorized dealing and warned it might post a loss in the third quarter, a huge blow as the Swiss bank struggles to rebuild its credibility after years of crises.
U.S. Treasury Secretary Timothy Geithner said Wednesday the global financial crisis, which has experienced two stages, is not likely to see a third -- as least not one emanating from Europe's banking sector.
