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Top News & Analysis Philadelphia

  • Philadelphia accused Wells Fargo of intentionally steering minority borrowers into higher-cost loans than white borrowers, even if they qualified for less risky, lower-cost loans. Philadelphia faulted what it said was Wells Fargo's "long history" of "red-lining" in the city and said the bank's practices reflected a "total breakdown of appropriate internal...

  • May 15- The City of Philadelphia on Monday sued Wells Fargo& Co, accusing the largest U.S. mortgage lender of intentionally steering minority borrowers into higher-cost home loans than it offered white borrowers. In a complaint filed in Philadelphia federal court, Philadelphia faulted Wells Fargo's "long history" of "redlining" in Philadelphia, and said the...

  • *A Commerce Department report is expected to show that retail sales rebounded by 0.6 percent in April after falling in March. *Also in focus is a monthly report on the consumer price index and inflation rate, as well as the University of Michigan's consumer sentiment data for May. *From the Federal Reserve, Chicago Fed President Charles Evans and his Philadelphia...

  • *A Commerce Department report is expected to show that retail sales rebounded by 0.6 percent in April after falling in March. *Also in focus is a monthly report on the consumer price index and inflation rate, as well as the University of Michigan's consumer sentiment data for May. *From the Federal Reserve, Chicago Fed President Charles Evans and his Philadelphia...

  • LONDON, May 12- Setting aside a few uncomfortable economic truths such as the increasing U.S. skills gap, eye-wateringly high unemployment in parts of the euro zone, and growing income inequality in China, the world economy has been doing pretty well this year. In the euro zone, growth is robust enough for the European Central Bank to think about dropping public...

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • May 9- Prosecutors will not file criminal charges in the 2015 derailment of an Amtrak train in Philadelphia that killed eight people and injured more than 180, the Philadelphia District Attorney's Office said on Tuesday. In October, a federal judge approved a record $265 million settlement in the crash. The engineer driving the train was likely distracted by...

  • PROSECUTORS WILL NOT CHARGE ENGINEER IN 2015 AMTRAK DERAILMENT THAT KILLED 8 PASSENGERS IN PHILADELPHIA-- PHILADELPHIA DISTRICT ATTORNEY.

  • BOCA RATON, Florida- Executive Vice President of the Financial Services Group Richard P. Dzina at the Federal Reserve Bank, speaks at " Operations Conference and Exhibition 2017"- 1325 GMT. NEW YORK- Michael Held Executive Vice President of the Legal Group, and General Counsel at the Federal Reserve Bank, speaks at "Compliance& Legal Society Monthly Luncheon" at SIFMA...

  • BOCA RATON, Florida- Executive Vice President of the Financial Services Group Richard P. Dzina at the Federal Reserve Bank, speaks at " Operations Conference and Exhibition 2017"- 1325 GMT. NEW YORK- Michael Held Executive Vice President of the Legal Group, and General Counsel at the Federal Reserve Bank, speaks at "Compliance& Legal Society Monthly Luncheon" at SIFMA...

  • May 8- Pesticide seller FMC Corp will aim for its industry's fastest revenue growth with the help of assets acquired from rival DuPont, even as farm markets struggle to recover, Chief Executive Pierre Brondeau said on Monday. Philadelphia- based FMC will focus on increasing sales of crop chemicals developed internally, and avoid big acquisitions for a few years,...

  • May 8- Farm pesticide seller FMC Corp will aim for mid- to high single-digit annual revenue growth starting in 2018 with help from acquired assets, Chief Executive Pierre Brondeau said on Monday. Philadelphia- based FMC will focus on increasing sales of crop chemicals developed internally, and avoid big acquisitions for the next few years, after it closes a deal...

  • **TOKYO- European Central Bank Executive Board Member Yves Merch to participate in 2017 Central Bank Governance Group meeting organized by IIF in Tokyo. CHICAGO, Illinois- Federal Reserve Bank of Cleveland President Loretta Mester to speak before event, "From Main Street to Wall Street: Economic Growth, Monetary Policy and the Federal Reserve" hosted by the...

  • **TOKYO- European Central Bank Executive Board Member Yves Merch to participate in 2017 Central Bank Governance Group meeting organized by IIF in Tokyo. CHICAGO, Illinois- Federal Reserve Bank of Cleveland President Loretta Mester to speak before event, "From Main Street to Wall Street: Economic Growth, Monetary Policy and the Federal Reserve" hosted by the...

  • **YOKOHAMA, Japan- Bank of Japan Governor Haruhiko Kuroda and Philippines Central Bank Governor Tetangco speak at a roundtable hosted by Asian Development Bank and Bank of Japan- 0700 GMT. TOKYO Bank of Japan Governor Kuroda, Philippines Central Bank Governor Tetangco will speak at a roundtable hosted by Asian Development Bank and Bank of Japan 0700 GMT.