News

Articles in "The Economy"

March 20, 2012 01:54 PM
Federal Reserve banks report income loss in 2011

Net income for the 12 regional Federal Reserve banks fell in 2011 as assets related to credit and liquidity programs fell by nearly $100 million.

The Federal Reserve banks in 2011 collectively earned $77.4 billion, derived primarily from $83.6 billion in interest income...

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March 20, 2012 01:07 PM
Federal Reserve banks report income loss in 2011

Net income for the 12 regional Federal Reserve banks fell in 2011 as assets related to credit and liquidity programs fell by nearly $100 million.

The Federal Reserve banks in 2011 collectively earned $77.4 billion, derived primarily from $83.6 billion in interest income...

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March 16, 2012 11:59 AM
Citizens and government must change mortgage finance together: Cordray

The head of the Consumer Financial Protection Bureau said Friday the only way to create meaningful change in the mortgage market is for citizens to unite with federal agencies, state officials and local partners.

Speaking in Indianapolis to the nation's top business...

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March 16, 2012 11:36 AM
Citizens and government must change mortgage finance together: Cordray

The head of the Consumer Financial Protection Bureau said Friday the only way to create meaningful change in the mortgage market is for citizens to unite with federal agencies, state officials and local partners.

Speaking in Indianapolis to the nation's top business...

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March 16, 2012 11:28 AM
Consumer sentiment lags as gas prices rise

Higher gas prices and inflationary fears pushed consumer sentiment...

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March 16, 2012 10:35 AM
Consumer sentiment lags as gas prices rise

Higher gas prices and inflationary fears pushed consumer sentiment...

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March 16, 2012 09:03 AM
US account deficit widens, positive housing trends emerge

The United States account deficit widened in the fourth quarter, showing another area of economic weakness for the nation. Still, signs of a housing turnaround are emerging, analysts with Capital Economics say.

As economists continue to track slow sales and a lagging real estate...

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March 16, 2012 08:35 AM
US account deficit widens, positive housing trends emerge

The United States account deficit widened in the fourth quarter, showing another area of economic weakness for the nation. Still, signs of a housing turnaround are emerging, analysts with Capital Economics say.

As economists continue to track slow sales and a lagging real estate...

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March 16, 2012 08:53 AM
SEC finalizing Dodd-Frank CEO pay ratio rule within two months

Under pressure from restless lawmakers awaiting action, Securities and Exchange Commission Chairwoman Mary Schapiro said her agency will implement the federally mandated CEO-to-employee pay ratio disclosure requirement "in the next couple of months."

Schapiro, speaking...

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March 16, 2012 01:00 AM
SEC finalizing Dodd-Frank CEO pay ratio rule within two months

Under pressure from restless lawmakers awaiting action, Securities and Exchange Commission Chairwoman Mary Schapiro said her agency will implement the federally mandated CEO-to-employee pay ratio disclosure requirement "in the next couple of months."

Schapiro, speaking...

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March 15, 2012 07:48 AM
Jobless claims decline by 14,000 filings

Government data shows jobless claims falling by 14,000 to 351,000 claims for the week ending March 10, the Labor Department said Thursday.

Comparatively, the nation had 365,000 jobless claims a week earlier, and the 4-week moving average for jobless filings hit 355,750....

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March 15, 2012 07:47 AM
Jobless claims decline by 14,000 filings

Government data shows jobless claims falling by 14,000 to 351,000 claims for the week ending March 10, the Labor Department said Thursday.

Comparatively, the nation had 365,000 jobless claims a week earlier, and the 4-week moving average for jobless filings hit 355,750....

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March 14, 2012 02:09 PM
Capital Economics predicts diverging US and European economies

A higher 2012 gross domestic product forecast prompted research firm Capital Economics to say the U.S. economy is heading down a safer path than its European counterpart. 

Assisted by improved growth predictions and well-capitalized banks, Andrew Kenningham, senior...

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March 14, 2012 11:40 AM
Capital Economics predicts diverging US and European economies

A higher 2012 gross domestic product forecast prompted research firm Capital Economics to say the U.S. economy is heading down a safer path than its European counterpart. 

Assisted by improved growth predictions and well-capitalized banks, Andrew Kenningham, senior...

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March 14, 2012 11:42 AM
Bernanke, Cordray point to lighter regulation for community banks

Federal Reserve Chairman Ben Bernanke and Consumer Financial Protection Bureau Director Richard Cordray both spoke Wednesday at the Independent Community Bankers of America national convention.

Both officials reassured members of the ICBA...

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