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U.S. central bank should continue raising interest rates gradually over the next couple of years, said Raphael Bostic.
Credit Suisse CEO Tidjane Thiam earned 9.7 million Swiss francs ($10.26 million) last year, a 5.3 reduction over his prior-year compensation.
A spin-off highlights the difficulties Wall Street firms often have getting rivals to adopt new technologies they create in-house
If Fed Chairman Jerome Powell was looking to distinguish himself from his predecessors, this week's events represented at least initial meaningful steps toward doing so.
There's a deeper hawkish tilt to the Fed's outlook for interest rates that could be worrisome for markets.
Consul General Zhang Qiyue said barriers will be removed or eased for foreign investors in China’s financial sector and that market entry standards will be unified for banks.
Bill Gross says he is amazed bonds didn't react more significantly to the latest Fed rate hike path.
Federal Reserve Chairman Jerome Powell doesn't see any serious risks to the financial system.
"A number of participants in the [Federal Open Market Committee] did bring up the issue of tariffs," Federal Reserve Chairman Jerome Powell said at a news conference.
But the U.S. central bank raised its 2019 projection, saying it sees the benchmark rate at 2.9 percent.
This is a comparison of Wednesday's FOMC statement with the one issued after the Fed's previous policymaking meeting on January 31.
Federal Reserve Chairman Jerome Powell will give his first press conference Wednesday after taking the top position at the central bank in February.
The quarter-point rate hike announced by the Fed was expected. The FOMC's March meeting was Jay Powell's first as chair.
As Fed Chairman Jerome Powell gets set to deliver his first news conference Wednesday, he has a good example of what not to do from the fairly recent past.
The largest US business association says a trade war with China would be "devastating" for American families. The South China Morning Post reports.
Former National Economic Council Director Gary Cohn was almost named the head of the CIA, according to Politico.
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