Ahead of the European Central Bank first meeting of 2015, Ángel Gurría, secretary-general at OECD says the ECB is "the last actor to join in" on quantitative easing, and they should "just do it already!"» Read More
The U.S. economy is on the mend and has been getting better, but JPMorgan CEO Jamie Dimon said chief executives he has spoken to have told him they are already making decisions to protect their companies from a looming "fiscal cliff."
Thanks to the Federal Reserve, Jamie Dimon and the Obama administration, the U.S. economy is “bleeding”, John McCain, the Republican Senator from Arizona and former presidential candidate, told CNBC.
Sheila Bair, former FDIC chair, says stress tests are good, but they cannot substitute capital rules. She also explains why money market funds remain at risk and require more oversight, with CNBC's Maria Bartiromo.
In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Looking for a euro-dollar trading strategy among the torrent of European news reports? Here's an idea.
Bill Gross, Pimco Co-CIO & founder, explains there is a misconception that Pimco is short US Treasuries. Investors can find pristine balance sheets in countries like Canada, he adds.