Federal Reserve Chairman Ben Bernanke boasted about the improvements new regulations have provided to the old structure in a speech at Princeton University yesterday.
“First, the recent reform legislation has improved the design of the regulatory framework, closing important gaps such as the lack of oversight of the shadow banking system,” he said.
Bernanke also felt the [...]
Posts Tagged ‘financial crisis’
Bernanke Boasts Of New Regulation Success In Speech
September 25th, 2010 by Financial Writer
Tags: Federal Reserve, financial crisis, financial reform, financial system, Global Economy, private bankers, us economy
more...AT A GLANCE: Fed Hints At Steps To Help Economy, Rates Unchanged
September 21st, 2010 by Financial Writer
THE NEWS: Members of the Federal Open Market Committee Tuesday kept key interest rates unchanged and deferred taking any new steps to boost the economic recovery, but it hinted it’s becoming uneasy about the outlook for the U.S. economy in 2011 and said it is prepared to provide additional accommodation as needed.
THE DETAILS: Fed officials [...]
Tags: Dow Jones Industrial, economic recovery, financial crisis, financial markets, interest rates, stock market, us economy
If no one takes on China, currency wars still loom
September 17th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner this week gave a timid nudge to China to do more about lifting the value of the yuan, which is widely recognized to be kept artificially, and vastly, undervalued to the benefit of Chinese exporters and at the expense of almost everybody else.
Even the International Monetary Fund estimates the yuan to [...]
Tags: Chinese economy, economic growth, economists, european economy, financial crisis, financial system, IMF, us economy, us treasury
China’s Stocks Fluctuate After Wen Comments; SAIC Gains, Developers Drop
September 13th, 2010 by Financial Writer
China’s stocks fluctuated after Premier Wen Jiabao said the world’s fastest-growing economy is in “good shape,” while cautioning that rising property prices threaten to stoke unrest.
SAIC Motor Corp., the nation’s largest carmaker, added 0.8 percent after an indicator of China’s economic outlook increased for a third month in July. Air China Ltd. gained among airlines [...]
Tags: Chinese economy, economic growth, economic recovery, financial crisis, Global Economy, real estate, us economy
Treasuries Rise as European Bank Concern Encourages Demand for Safest Debt
September 7th, 2010 by Financial Writer
Treasuries gained, pushing 10-year note yields down from the highest level in almost a month, as renewed concern Europe’s sovereign-debt crisis will undermine the recovery spurred demand for relative safety.
The yield curve flattened for the first time in five days after the Wall Street Journal reported that European stress tests underestimated some banks’ holdings of [...]
Tags: economy activity, economy recovery, euro zone, european markets, financial crisis, financial markets, lenders, recovery economy, wall street
Euro Declines on Speculation European Banks Will Struggle to Raise Funds
September 6th, 2010 by Financial Writer
The euro fell the most in a week against the dollar and the yen on concern European banks will struggle to raise funds, damping the region’s economic outlook.
The 16-nation currency weakened against 15 of its 16 major counterparts after the Association of German Banks said the nation’s 10 largest lenders, including Deutsche Bank AG, may [...]
Tags: bank of japan, economists, european economy, financial crisis, financial system, investors, money, wall street
Defying Others, Germany Finds Economic Success
August 15th, 2010 by Financial Writer
Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong.
Statistics released Friday will buttress the German view that they had the formula right all along. [...]
Tags: businesses, economic growth, economic recovery, financial, financial crisis, financial system, unemployment, us economy
Imports slow second-quarter growth
July 31st, 2010 by Financial Writer
Economic growth slowed in the second quarter as a capital investment drive by businesses sucked in imports at the fastest pace since the first quarter of 1984.
Gross domestic product expanded at a 2.4 percent annual rate, the Commerce Department said in its first estimate on Friday, after an upwardly revised 3.7 percent growth pace in [...]
Tags: business investment, businesses, commerce department, economic growth, financial crisis, financial system, taxpayers, unemployment rate, us stocks
China reduces US Treasury debt holdings in May
July 16th, 2010 by Financial Writer
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
China’s holdings fell by $32.5 billion to $867.7 billion, the Treasury reported Friday. Total foreign holdings edged up $5.8 billion to $3.96 trillion.
The drop in China’s holdings and the weak showing overall was a surprise. [...]
Tags: China, economic, economists, european economy, financial crisis, interest rates, investors, us treasury
Bailed-out small US banks face takeover risk -panel
July 14th, 2010 by Financial Writer
Smaller banks that got U.S. government bailout money are likely to run into trouble repaying it and may become vulnerable to takeovers as a result, a congressional watchdog agency warned on Wednesday.
In its latest critique of the Treasury Department’s handling of the Troubled Asset Relief Program, or TARP, the Congressional Oversight Panel said smaller banks [...]
Tags: banks, commercial real estate, economic, financial crisis, real estate investment, taxpayers, us, us economic, us government, us treasury, wall street