Alan C. Greenberg, the Wall Street legend behind Bear Stearns' during its rise and collapse during the recession, is dead at 86. NYT reports.» Read More
A popular focus of emerging scholarly literature looks at whether Islamic finance offers any systemic benefits to the global economy. Tirad Mahmoud, the chief executive of Abu Dhabi Islamic Bank, details the defining trends of the business
Community bank earnings have rebounded since the financial crisis, and that's a good sign for the economy, the Fed chair says.
What's finally changed is the return of large strategic transactions, explains Roger Altman, Evercore Partners chairman & founder, providing his outlook on M&A.
The focus of markets now is going to be the Fed's policy rate, says Tony Crescenzi, Pimco executive vice president, taking about what the market will be looking at this year.
The Fed has put a lot of gas in the tank, says Tony Crescenzi, Pimco executive vice president, sharing his outlook on economic growth.
The market is speaking here, says Roger Altman, Chairman & Founder of Evercore Partners, explaining why be thinks corporate tax reform will eventually take place but not this year.
Roger Altman, Chairman & Founder of Evercore Partners, provides his thoughts on corporations relocating to avoid paying higher taxes.
You may never have to remember your mother's maiden name, your first pet, or the name of your first concert again.
LONDON, May 1- Gold fell on Thursday, a day after the Federal Reserve announced a further cut to its extraordinary stimulus measures and reiterated its confidence in the U.S. economic outlook, despite a weak reading of first-quarter growth.
Christos Megalou, CEO of Eurobank, says Eurobank's share offering and return to private hands is "monumental" for Greece and is confident that the economic recovery will continue.
WASHINGTON, April 30- A former Swiss banker pleaded guilty on Wednesday to helping U.S. clients avoid taxes, according to documents filed in a federal court. Swiss citizen Josef Dorig, 72, pleaded guilty to one count of conspiracy to defraud the Internal Revenue Service, according to documents filed in U.S. District Court in Alexandria, Virginia.
April 30- The Fed charged ahead with its taper Wednesday; pity about all the evidence. I don't usually like to quote from FOMC statements, which are designed to be boring, but check this out:. "Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently".
WASHINGTON/ SAN FRANCISCO, April 30- The Federal Reserve Board gathered to discuss "medium-term monetary policy" hours before the Fed's broader policymaking group began its regular two-day meeting on Tuesday, a hint that changes to the U.S. central bank's exit strategy may be in the offing.
Digging into new all-time highs for the Dow, and the health of bank lending, with CNBC contributor Ron Insana; Forbes Media Chairman Steve Forbes; and FMHR trader Jon Najarian.
*Twitter hits record intraday low, eBay also down after results. NEW YORK, April 30- The Dow and S&P 500 added to gains while the Nasdaq turned positive on Wednesday after the Federal Reserve gave an upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying program.
NEW YORK/ LONDON, April 30- Gold fell on Wednesday after the U.S. Federal Reserve reduced its monthly bond purchases by another $10 billion, a sign of its confidence in the economy's health, disappointing bullion investors who had expected the central bank to slow tapering.
By Howard Schneider and Michael Flaherty. WASHINGTON, April 30- The Federal Reserve on Wednesday looked past a dismal reading on first quarter U.S. economic growth and announced a cut in its massive bond-buying stimulus, a sign of its confidence in the economy's prospects.
U.S AND BRENT CRUDE OIL FUTURES HOLD LOSSES AFTER U.S.
WASHINGTON, April 30- The Federal Reserve Board disclosed that it met on Tuesday morning in an unusual gathering ahead of a two-day meeting of the Federal Open Market Committee, the U.S. central bank's official policymaking panel. The last time the Fed board held such a meeting was in December 2011.
Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp, made the comments after Bank of America announced earlier this week that it would have to re-do its test results after discovering a calculation error that led it to overstate its capital levels by about $4 billion.
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