By Joseph Lawler | 07/18/14 05:17 PM
The government's consumer finance regulatory agency is seeking to create a new source of aggravation for banks: Consumer testimonials and reviews of financial services.
By Joseph Lawler | 07/17/14 03:47 PM
By defining the center of economic opinion on a range of topics from mortgages to health care, Mark Zandi has made himself a valuable authority. The leaders of both parties love to cite him -- when his analysis helps their cause.
By Veronique de Rugy | 07/17/14 06:42 PM
Americans now know the Export-Import Bank is a corporatist program built on bad economics.
By Joseph Lawler | 07/16/14 05:50 PM
She avoided making any big monetary policy news in two appearances on Capitol Hill this week, but Janet Yellen couldn't escape a few confrontations that raise doubts about the details of the Federal Reserve's plans to avoid bailouts in future financial crises.
By Joseph Lawler | 07/15/14 01:43 PM
Sen. Elizabeth Warren grilled Federal Reserve Chairwoman Janet Yellen on an important provision of the law intended to prevent banks from becoming too big to fail.
By Joel Kotkin and Michael Shires | 07/14/14 03:15 PM
When we think about American finance, the default Image is of a pinstriped banker on Wall Street. But increasingly, the financial services sector, which employs eight million people, is shifting away from the traditional bastions of money.
By Joseph Lawler | 07/10/14 06:27 PM
Stanley Fischer warned that "actively breaking up the largest banks would be a very complex task, with uncertain payoff," even though some critics say more regulation is needed in the wake of the 2008 financial crisis.Â
07/10/14 07:15 AM
LONDON (AP) — The Bank of England has kept interest rates steady at a record low of 0.5 percent and refrained from pumping more money into the economy even as the recovery gathers strength. Thursday's decision was widely expected, even after Bank of England Governor Mark Carney startled...
07/09/14 08:00 AM
VATICAN CITY (AP) — The Vatican has chosen a French financier to become the new president of its bank, which is overhauling the way it operates after a series of financial scandals. As widely expected, the Vatican announced Wednesday it had tapped Jean-Baptiste de Franssu to head the...
By Joseph Lawler | 07/02/14 11:21 AM
Six years out from the financial crisis, most Americans are still not borrowing more, despite well-qualified borrowers taking out loans.
06/30/14 12:16 PM
SOFIA, Bulgaria (AP) — Two brokers have been charged with plotting to undermine Bulgaria's top banks by spreading rumors of their instability, triggering runs on deposits and forcing the government to step in with rescue aid. Police arrested five people on Sunday for allegedly sending...
06/26/14 04:45 PM
NEW YORK (AP) — Banks and other financial firms tugged the stock market slightly lower Thursday as a mixed batch of economic reports and earnings results gave investors little reason to push the market up. Barclays sank following news that New York's attorney general sued the British bank,...
06/26/14 11:00 AM
WASHINGTON (AP) — Average U.S. rates on fixed mortgages declined this week, hovering near historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year loan eased to 4.14 percent from 4.17 percent last week. The average for the 15-year mortgage fell to...
By Richard Pollock | 06/25/14 01:10 PM
Several weeks after a top whistleblower testified of widespread discrimination and retaliation at the Consumer Financial Protection Bureau, agency officials quietly moved to reimburse its managers for legal counsel and offer legal protections, the Washington Examiner has learned. The new CFPB...
By Becket Adams | 06/23/14 12:23 PM
Vice President Joe Biden said Monday he empathizes with the plight of working families, adding in a speech at the White House that he has no savings accounts and owns no stock.
By Susan Ferrechio | 07/21/14
By Byron York | 07/21/14
By Paul Bedard | 07/22/14
By Susan Ferrechio | 07/21/14
By Paul Bedard | 07/21/14