CNBC's Sara Eisen reports the Senate Banking Committee considers the nomination of Stanley Fischer for Fed Vice Chairman.» Read More
Hedge funds, trying to separate themselves from the big Wall Street banks, are stepping up their efforts to head off new regulation from Washington. The New York Times reports.
Futures indicated a slightly lower open for Wall Street on Thursday, as caution over the state of U.S. recovery tempered anticipation that the global economy would gather momentum in the final three months of 2009.
On the last day of Sept. 2008, one of the wildest, scariest months in U.S. financial history, the Wall Street-Washington roller-coaster starts climbing again.
Monday starts out hopeful. By day's end, those hopes are dashed, as the House kills the bailout bill and stock markets plunge to new lows.
After stumbling in his transition from backstage player to out-front crisis manager, Treasury Secretary Timothy Geithner has since quieted critics inside and outside the administration. But with the economy still hovering between recession and recovery, multiple tests of his judgment and political dexterity lie ahead.
Global Finance Magazine recently graded 31 central bank chiefs in its "Central Banker Report Cards 2009" based on their performance. Here's a look at 15 key bankers and how they scored.
Sunrise: Congressional leaders from both parties emerge from intense talks to present a $700 billion financial rescue plan agreement on Sunday.
As events go, Saturday seems more sedate than it has in weeks. But it's a false calm, as Washington scrambles to find common ground on a financial rescue plan.
White House, legislators fail to teach agreement on the $700 billion financial bailout. U.S. shuts WaMu and JPMorgan grabs the assets.
Federal Reserve Chairman Ben Bernanke said Friday a government program intended to spark lending to consumers and businesses is still necessary even with other emergency lending programs winding down as the economy recovers.
President Barack Obama has described how his Administration intends to overhaul U.S. financial regulations. The hallmarks of these reforms, he said, would be transparency and accountability. A more difficult challenge will be to persuade the Federal Reserve System to release similar information on the $2 trillion of emergency loans it made as part of its economic recovery program.
The crisis the world went through is just an appetizer for a future one because the weaknesses that created it have not been addressed, Marc Faber, author and publisher of the Gloom, Doom and Boom Report, told CNBC Friday.
Pres. Bush goes on TV Thursday and urges Congress to quickly pass a $700 billion rescue package for the U.S. financial system. Key lawmakers say they've reached an agreement, in principle, on the major parts of the plan.
Paulson, Bernanke back on Capitol Hill to sell the bailout. Fed coordinates with Australian and Scandinavian central banks to keep global finance running. Goldman Sachs sells $5 billion in common shares.
Both the S&P and Dow sold-off Wednesday as comments from the Federal Reserve reminded investors that at some point the economy will have to stand-up on its own.
Today’s FOMC policy announcement from the Federal Reserve basically sends a message that Bernanke & Co. doesn’t care one wit about the sinking dollar or the rising gold price. In fact, the latest policy directive removes last month’s reference to commodity-price increases, while there is no reference to the greenback at all. The central bank is going to keep buying mortgages and adding to its balance sheet of high-powered money creation.
Although the Fed is expected to keep interest rates unchanged, investors will pour over the committee's statement and what they say could move the market!
Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke head to Capitol Hill to sell the $700 billion bailout plan. Warren Buffett invests $5 billion in Goldman Sachs. WaMu talks to suitors about a takeover.
Policy-makers are expected to discuss ways to pull back massive provisions of cash to the economy in a way that preserves the recovery while preventing inflation
People are now stuck in traffic longer, less apt to move away and more inclined to put off marriage and buying a house because of the recession, a broad survey showed.