Financial System | featured news

Fed struggles to spur slowest recovery in memory

Economic Recovery

They’ve tried dumping $2 trillion in cash into the financial system, slashed overnight interest rates to zero and made an unprecedented promise to keep rates low for at least another two years.


Occupy Wall Street celebrates 6 months since start

Occupy Wall Street Six Month Anniversary

Chanting and cheering down Wall Street on Saturday to mark six months since the birth of the Occupy movement, some protesters applauded the Goldman Sachs employee who days ago gave the firm a public drubbing, echoing the movement's indictment of a financial system demonstrators say is fueled by reckless greed....


Dow approaches 13,000, and maybe a record to come

Dow Jones Industrial Average

It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession. Now the Dow is within reach of the rarefied 13,000 mark — a level it hasn't seen since May 2008, four months before the financial system almost came apart.


World's central banks act to ease market strains

World Central Banks

Major central banks around the globe took coordinated action Wednesday to ease the strains on the world's financial system, saying they would make it easier for banks to get dollars if they need them. Stock markets and the euro rose sharply on the move.


Global "Day of Rage" mostly peaceful, Rome clears

The global "Day of Rage" against the world's financial system won some limited sympathy from political and economic leaders on Sunday, after protests that were peaceful everywhere but Italy.

Senh: That's how most protest should be - peaceful. Let's hope these protests will have positive effect on financial institutions and not just a blip on the map. It probably needs to be continuous and sustained in order for it to have lasting impact on the financial industry.


Asian markets rally after European bank decision

A decision by European central banks to support the region's financial system helped calm Asian markets, setting off a rally across the region in Friday trading....


New York Fed probes Wall Street exposure to BP: sources

The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won't put Wall Street or the global financial system at risk, according to two sources familiar with the matter.


Investors Lost, Goldman Won on WaMu Deal

Recently released emails show how Goldman Sachs built its mortgage business by closely working with lenders such as Washington Mutual and Long Beach, two firms that a Senate review said "polluted the financial system" with souring loans.


G20 must recommit to financial reforms: leaders

Progress has been made toward stabilizing the global financial system but G20 countries must recommit to deliver on reforms that led to the crisis, G20 steering group leaders said in a letter on Tuesday.


Panel Raises Concerns Over ‘Government Guarantee’ for Citigroup

Members of a government committee questioned whether the support that Citigroup received could pose future risks for the financial system.


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