Approximately 400 Wells Fargo customers lost their homes after a software glitch denied them the ability to modify their mortgages, the San Francisco Business Times reports. » Read More
JP Morgan Chase CEO Jamie Dimon is suggesting that the shrinking of the Fed balance sheet and the rise of the 10-year Treasury yield to 5 percent pose dangers. His views are important since his bank is at the nerve center of money flows and its costs. » Read More
Countries espousing free trade in response to U.S. trade war threats should just drop all their own tariffs to zero — but they're protecting their own industries, says St. Louis Federal Reserve Bank President James Bullard. » Read More
The Fed is confident in the economy now, but by next year it may have to slow interest rate hikes and stop paring back its balance sheet, according to BlackRock's chief investment officer for fixed income.
Supercharged U.S. economic growth is distracting too many investors from the real dangers of a trade war for equity markets, one research firm said in a report this week, warning of a potential sell-off in stocks as early as this summer.
U.S. interest rates are moving higher because the U.S. government is taking on more longer term debt and global central banks are stepping back from some of the easy policies adopted in the financial crisis.
The Fed's move to reverse its decade-old support of the financial system could backfire, according to J.P. Morgan's CEO. Here's what others have to say.
President Trump's trade war is making life uncomfortable for some large American corporations, but they have found a way to reduce the pain: Pass it on to customers, The New York Times reports.