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Showing 81 - 90 of 111 results for "Federal Reserve Bank"

Bad, bad day

BENJAMIN ONG  |  WEDNESDAY, 20 OCT 2010
... There was bad news for banks. Bank of America shares sold off on reports that PIMCO, BlackRock and the NY Federal Reserve Bank were seeking to force the BoA to repurchase US$47 billion in mortgage bonds packaged by its Countrywide Financial Corp unit. ...

Good for nothing war

BENJAMIN ONG  |  THURSDAY, 7 OCT 2010
... yesterday when he said that, "Additional purchases have the ability to ease financial conditions." Last night, Federal Reserve Bank of Chicago Charles Evans, backed his Chairman saying that the slow improvement on the US jobs front requires "more accommodation". ...

Fuld me twice

JOHN MCDULING  |  THURSDAY, 2 SEP 2010
... "The Federal Reserve did not 'allow' Lehman Brothers to die" argued Thomas Baxter, general counsel of the Federal Reserve Bank of New York. "Instead, the Federal Reserve, the United States Treasury Department, the Securities and Exchange Commission ...

Too much ado about Greece

BENJAMIN ONG  |  FRIDAY, 30 APR 2010
... initial unemployment claims dropped by 11,000 last week -- the second straight weekly decline. Also, the Federal Reserve Bank of Kansas reports that manufacturing activity in its districts expanded at a "solid pace" in April and that the reading on employment ...

One down, more to go

BENJAMIN ONG  |  THURSDAY, 28 JAN 2010
... decision to keep interest rates where they are was, for the first time in one year, not unanimous. Kansas City Federal Reserve Bank President Thomas Hoenig dissented was the "1" in the 9-1 vote for steady interest rates because he thought that, "economic ...

Market Wrap - Morning

AAP  |  THURSDAY, 28 JAN 2010
... of insurance giant American International Group Inc last year. Geithner oversaw the bailout as head of the Federal Reserve Bank of New York. At the closing bell the Dow Jones industrial average was up 41.72 points, or 0.41 per cent, to 10,236.01. The ...

AIA looks to list

COMPANY RELEASE  |  THURSDAY, 3 DEC 2009
... exchange after its former parent company, American International Group (AIG) paid off more debt owed to the Federal Reserve Bank of New York. AIG announced it had reduced the debt it owes the Federal Reserve Bank of New York by $25 billion. In exchange ...

Dollar dilemma

BENJAMIN ONG  |  THURSDAY, 12 NOV 2009
... slow recovery implies a protracted period of high unemployment." And to round up the hat trick, here's what Federal Reserve Bank of Dallas President Richard Fisher had to say, "I would think that in this recovery period the willingness to rehire or expand ...

Sucked in

BENJAMIN ONG  |  THURSDAY, 22 OCT 2009
... the ability and willingness to tighten monetary conditions when the time comes," which is "not now. " (US Federal Reserve Bank of San Francisco President Janet Yellen). Bubbles only form when everyone is optimistic. Right now, not everyone is. Right ...

Market Wrap - Morning

AAP  |  THURSDAY, 7 MAY 2009
... week Treasury notes, and the Australian Bureau of Statistics labour force data for April is due. In Sydney, Federal Reserve Bank of San Francisco president, Dr Janet Yellen, addresses Australian Business Economists on "The Outlook for the United States ...