Tag: Federal Reserve
Santander said to plan boosting stake in U.S. consumer unit
NEW YORK -Banco Santander plans to go ahead with a proposal to increase control of its United States subprime auto loan unit, after the business...
Fed officials divided on when to begin balance-sheet unwind
NEW YORK - A divided Federal Reserve policy committee couldn’t reach an agreement in June on the timing of when to begin shrinking its...
Buffett about to reap $12 billion profit on Bank of America...
NEW YORK - Warren Buffett’s bet on Bank of America Corp. is about to pay off with a roughly $12 billion windfall.
The billionaire plans...
Capital One must resubmit plan as 33 banks ace Fed tests
NEW YORK – Capital One Financial Corp. was alone among big U.S. banks in stumbling through the Federal Reserve’s annual stress tests, getting conditional...
Yellen’s future at Fed resisted by Trump aides wanting new blood
NEW YORK - Federal Reserve Chair Janet Yellen’s candidacy for another term is encountering resistance from some Trump administration advisers who want a new...
U.S. jobless filings at three-week low amid strong labor market
NEW YORK - The United States job market continues to show signs of strength, as the number of Americans filing for unemployment benefits fell...
Fed forges on with hike, asset plan amid inflation concern
NEW YORK - Federal Reserve officials forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over weak...
Traders’ Fed roadmap is upended as inflation miss rocks markets
NEW YORK - While bond and currency traders still see a Federal Reserve rate hike Wednesday as all but baked in, the latest disappointing...
U.S. wholesale prices little changed in May as fuel settled back
NEW YORK - Wholesale prices were little changed in May from the prior month, reflecting declines in the costs of fuel and food, Labor...
Fed keeps rates on hold as slowdown in growth deemed temporary
WASHINGTON - Federal Reserve officials left interest rates unchanged while signaling they’ll look past a recent deceleration in U.S. economic growth and stay on...
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