Tag: Fed
Banks cut prime interest rates to 7.5%, and they might stay...
PROVIDENCE – Most major banks have reduced their prime lending rates by a quarter-point, the third reduction in three months following the Federal Reserve’s...
Banks drop prime interest rates to 7.75%
PROVIDENCE – Most major banks have reduced their prime lending rates by a quarter-point recently to match the Federal Reserve's decision to cut its...
R.I. Bankers Association, other banking groups object to proposal to reduce...
PROVIDENCE – The Rhode Island Bankers Association joined 51 other U.S. bankers associations and the American Bankers Association in signing a letter to the...
Bank stress tests are too easy
Stress tests for the country’s largest banks have never been as tough as they need to be. For one, they don’t capture important second-round...
Stopping rising inequality
Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession...
How to tell if corporate tax reform is working
It’s still too early for a definitive verdict on whether last year’s corporate tax reforms have led to an increase in business investment. But...
Bank of America CEO Brian Moynihan says a ‘high-tech and high-touch’...
When Brian Moynihan became CEO of Bank of America Corp. after Ken Lewis stepped down in 2010, he took the helm in a period...
Trump wants the Fed to roll back the U.S. economy
Doves on the Federal Reserve evidently have a vocal ally in President Donald Trump. He said recently he’s “not thrilled” about the Fed increasing...
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