Ian Katz
Fed to stress-test 33 banks on weathering global recession
WASHINGTON - The Federal Reserve said it will analyze in its annual stress tests how 33 large banks, including Bank of America Corp. and...
JPMorgan $12.5B short in Fed systemic-risk charges
JPMorgan Chase & Co. still has a shortfall of as much as $12.5 billion in meeting capital rules approved by the Federal Reserve on...
Fed stress tests show 31 largest banks, including Banco Santander, meet...
(Updated 10:35 a.m.) WASHINGTON – The Federal Reserve on Thursday said all 31 big banks, including U.S. units of Banco Santander SA, subject to...
Lew sees no alternative to Congress raising debt limit
WASHINGTON – U.S. Treasury Secretary Jacob J. Lew urged Congress to raise the debt limit well in advance of a February deadline, calling an...
Budget deficit in U.S. narrows on record revenue for October
WASHINGTON - The U.S. budget deficit last month narrowed more than economists forecast from a year earlier as rising employment contributed to the strongest...
BlackRock, Fidelity face initial risk study by regulators
WASHINGTON - BlackRock Inc. and Fidelity Investments will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers...
IHS: Shutdown could cost U.S. economy $300 million a day
WASHINGTON - A partial shutdown of the federal government would cost the U.S. at least $300 million a day in lost economic output at...
Shutdown would shave 4Q U.S. economic growth as much as 1.4%
WASHINGTON - A shutdown of the U.S. government would reduce fourth-quarter economic growth by as much as 1.4 percentage points depending on its length,...
Ending housing programs would hurt recovery, Treasury says
WASHINGTON - Republican efforts to end Obama administration programs aimed at preventing foreclosures would destabilize the housing market, a U.S. Treasury official said.
Scrapping the...
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