A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the mortgage debt owed by homeowners.
The ink is barely dry on European leaders’ plan to resolve the Greek / Europe debt crisis, and attention has already turned to the U.S. Federal Reserve. Is there enough liquidity in the global financial system or will Fed Chairman Ben Bernanke need to deploy more monetary stimulus to grease the wheels of commerce?
European leaders are negotiating with Greek bondholders, publicly stating investors will have to take substantial losses. Their stance is in stark contrast to the way debt holders have been coddled in programs managed by the U.S. Federal Reserve
The Volcker rule has created a new battlefield over Wall Street pay that banks fear will send their star traders and hedge fund advisers fleeing.
President Barack Obama Wednesday is expected to announce the details of a new student loan repayment initiative aimed at easing the heavy debt many college graduates face.
Investors stayed cautious ahead of a summit expected to deliver pledges to tackle the euro zone's debt crisis rather than firm commitments, keeping the euro above $1.39 as stocks markets traded little changed.
The weak housing sector continues to pose a strong headwind to the economic recovery, and the Federal Reserve could potentially do more to drive down mortgage rates to support the sector, an influential Federal Reserve official said on Monday.
New York Federal Reserve President William Dudley said on Monday the U.S. economy still faces serious headwinds, including spillover effects from Europe, adding the central bank will continue to do everything within its power to help.
S&P 500 index futures were little changed on Monday as European policymakers differed over the size of sovereign debt losses that private bondholders will have to accept, but strong earnings from Caterpillar put a floor on losses.
Stock index futures edged lower on Monday after the S&P 500 posted its third straight week of gains as investors had doubts European policymakers would come up with an agreement to fix the region's debt crisis.
Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.
Diversified, industrial giant General Electric (GE) continues to show impressive order growth in emerging markets -- and that bodes well for the global economy in 2012 and for GE's stock.
Former Federal Reserve Chairman Paul Volcker is advocating for regulatory control over the money-market mutual fund industry and believes the government should stop financing mortgages.
Homeowners who owe more than their houses are worth will get new help to refinance in a government plan to be unveiled as early as Monday to support the battered housing sector, sources familiar with the effort said.
Regulators closed four banks in the United States on Friday, including one in Colorado with over $1 billion in assets, bringing the total number of closures this year to 84.
The Federal Reserve is worried about the U.S. economy's health and is looking at ways to offer more monetary stimulus, the central bank's influential vice chair, Janet Yellen, said on Friday.
If Thomas Hoenig, retired chairman of Federal Reserve Bank of Kansas City, becomes the new vice chairman of the Federal Deposit Insurance Corporation, will the era of big banks come to an end?
Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region's debt crisis.
President Barack Obama on Thursday nominated a prominent critic of large banks for a key banking industry regulatory post.
Two top Federal Reserve officials are arguing the U.S. central bank should consider resuming controversial large-scale mortgage bond purchases to support a fragile economic recovery.
The Federal Reserve plans on sending Congress legislative recommendations on how to help the housing market recover, Senator Dianne Feinstein said on Thursday after a meeting with Fed Chairman Ben Bernanke.
The Republican National Committee criticized Democrats for ignoring anti-Semitic remarks caught on tape at Occupy Wall Street demonstrations.