Category Archives: Federal Reserve

Stocks sell-off sparked by global recession worries

By doris | Published: September 22, 2011

Full Story at BottomLinemsnbc.msn.com Stock markets around the world slumped Thursday after the Federal Reserve offered a gloomy assessment of the economy which raised anxiety that a global recession was coming. Just before midday, the Dow Jones industrial average was down almost 350 points, or more than 3 percent. The broader S&P 500 and the [...]

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Wall Street rebounds from four days of losses

By doris | Published: June 7, 2011

Full Story at msnbc.com NEW YORK — Traders are eagerly awaiting indications from Federal Reserve chairman Ben Bernanke that interest rate hikes aren’t likely anytime soon. The hope that Bernanke will make that clear in remarks scheduled for Tuesday afternoon is keeping stocks afloat. Stocks recovered some of their losses Tuesday after sliding for four [...]

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Revealed: 15 AIG bailout counterparties

By doris | Published: March 8, 2009

Full Story At money.cnn.com NEW YORK (Fortune) — Donald Kohn, vice chairman of the Federal Reserve, learned this week about blackmail, Senate style, when he refused to disclose the names of financial institutions benefiting from the bailout of American International Group. Testifying about AIG (AIG, Fortune 500) before the Senate Banking committee, Kohn respectfully resisted [...]

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Report: AIG bailout to add on billions more

By doris | Published: March 2, 2009

Full Story At  msnbc.com CHARLOTTE, N.C. – Struggling insurer American International Group Inc. will receive up to $30 billion in additional federal assistance in the fourth government rescue of the company, a person familiar with the matter told The Associated Press on Sunday. The new infusion is intended to prop up AIG — once the [...]

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Fed to banks: Ask us before you pay dividends

By doris | Published: February 25, 2009

Full Story At  msnbc.com WASHINGTON – The Federal Reserve is letting banks know they need to be careful when they decide to pay dividends to shareholders. The central bank, which regulates the nation’s large bank holding companies, said in a guidance letter on Tuesday that banks need to consult with the Fed if they plan [...]

Also posted in Banking, Dividends, Money, Safety | Leave a comment