ECB President Draghi said high-debt countries in the euro zone can't afford to backtrack on the progress they have made in keeping their public finances in check.
Complaints from large international banks and top European officials about proposed Fed rules on foreign banks operating in the U.S.? Federal Reserve governor Daniel Tarullo is "bemused."
Treasury could start to issue fewer notes and bonds if higher tax receipts and a stronger economy continue to boost revenues. That could be good news for the Fed’s efforts to keep interest rates low through a massive bond-buying program.
The Financial Stability Oversight Council, which features leaders of the Treasury, Fed and other regulators, highlighted a number of potential risks for the financial system as it approved its third annual report. These are the seven themes around which the council organized its recommendations and findings
If you’re a bank with more than $500 billion in assets, Sens. David Vitter (R., La.) and Sherrod Brown (D., Ohio) have a proposition for you: get smaller or maintain a capital buffer similar to what banks held around the Great Depression.
Grim business sentiment reports have prompted a slew of banks to change their forecasts for next week's ECB meeting from no change in rates to a 0.25-percentage-point cut, which would bring the benchmark rate to 0.5%.
