Cautiously optimistic comments from two British banks this morning: HSBC earnings were better than expected and the tone of the report was upbeat, with bad loans down... Read More
Earlier this week, the Federal Reserve kept its federal funds rate unchanged in a range of zero to 0.25 percent, and said the economy "continued to pick up" since its last meeting... Read More
The most commonly misunderstood narratives emerging from last year’s financial upheaval are that the crisis was caused by big banks, and that the crisis started with the failure of one big bank in particular – Lehman Brothers... Read More
'Over the last year, the federal government has injected over $200 billion into approximately 600 financial institutions, and guaranteed over $300 billion of their troubled assets... Read More