Fred Goodwin, the former chief executive of Royal Bank of Scotland, last week joined Italian fascist dictator Benito Mussolini and Romania's communist dictator Nicolae Ceausescu on the list of people who have had their knighthoods rescinded by the UK.
Wednesday, 8 Feb 2012 | Posted By:
| Source: cnbc.com
Critics of the Federal Reserve won't be satisfied until the agency is shut down for good. But abolishing the Fed only raises the bigger issue: What would—or should—be in its place?
Tuesday, 7 Feb 2012 | Posted By:
| Source: CNBC.com
Markets are shifting towards a more "risk-on" attitude and there are three reasons for this, according to Mike Lenhoff, chief strategist at Brewin Dolphin.
Europe's debt in late 2011 stood well above the EU's limits for a healthy economy, with even powerhouse Germany bearing a debt load that could take decades to pay down, although borrowing as a proportion of output was smaller than for the United States.
Friday, 3 Feb 2012 | Posted By:
| Source: CNBC.com
Friday's market rally featured the latest round in the battle of whether a gradually improving US economy can outweigh Europe fears, with the home team winning—at least for the moment.
Thursday, 2 Feb 2012 | Posted By:
| Source: CNBC.com
The U.S. is "limping out of this recession" at growth of 1.7 percent thanks to Federal Reserve policy that has been "too loose for too long," Rep. Paul Ryan, R.-Wis., chairman of the House Budget Committee, told CNBC.
The U.S. central bank should be much more forceful in trying to bring down high unemployment, even if it means a new round of bond purchases, Chicago Fed President Charles Evans said on Thursday.
Wednesday, 1 Feb 2012 | Posted By:
| Source: CNBC.com
It's not often you hear the head of the world's largest bond fund compliment the Fed for doing a good job — particularly when interest rates are near zero. But Pimco's Bill Gross had high marks for Fed Chief Ben Bernanke.
Wednesday, 1 Feb 2012 | Posted By:
| Source: CNBC.com
The Federal Reserve's zero-interest-rate policy is hampering economic recovery by discouraging bank lending, Pimco bond titan Bill Gross said in an analysis.
A top Federal Reserve official sharply criticized the U.S. central bank's decision last week to telegraph ultra low interest rates for nearly three more years, saying on Wednesday the move undermined confidence and caused confusion
Tuesday, 31 Jan 2012 | Posted By:
| Source: CNBC.com
In response to media requests, and as part of the Federal Reserve’s efforts to be more transparent, the twelve presidents of the regional Federal Reserve Banks have provided financial disclosures that are available, upon request, from the institutions they run.
More than two-thirds of banks surveyed by the Fed said they had tightened credit to European financial firms in January, underscoring the continent's severe banking crisis.
Monday, 30 Jan 2012 | Posted By:
| Source: CNBC.com
If the U.S. economy keeps improving, interest rates should be raised this year or in the middle of next year at the latest, Philadelphia Federal Reserve President Charles Plosser told CNBC Monday.
Lots of people have written about how ridiculous it is that the Federal Reserve claims its loans to the European Central Bank are "secured." ... Read More
The slow progress in Greece’s debt talks will hang over markets Wednesday, as investors also watch one of the last big blasts of the quarter’s earnings news.... Read More