BOSTON -- JPMorgan Chase and Wells Fargo, two of the biggest US banks by assets, kicked off Wall Streetās earnings season on Friday by reporting rec...
Perhaps the greatest success of the bank lobby has been its success in pitting the right and the left against each other to undermine a broader understanding that the status quo is neither in the public interest nor necessary for an effective financial system.
NEW YORK -- As the Federal Reserve attempts to stimulate the economy and avert a new recession, one of the central bank's most basic tools isn't worki...
NEW YORK -- Investors will likely view the Federal Reserve's recent decision to keep short-term lending rates near zero for the next two years as part...
SAN DIEGO - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support f...
AKRON, Ohio/FRANKFURT - The U.S. recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though they differed on the risks ...
It is the committee of American central bankers who decide who gets money, and who doesn't. And it's been quite a long time since they decided in favor of American workers instead of Wall Street and China.
The Federal Reserve can't save the economy without help from other parts of the government, Federal Reserve Bank of Dallas president Richard Fisher sa...
This report was updated Friday at 10:25 a.m. ET and on Monday at 2:45 p.m. ET (see below).
After nearly 20 hours over two final days filled with back...
A third top Fed official is calling for megabanks to be broken up.
James Bullard, president and chief executive of the Federal Reserve Bank of St. Lo...
Referring to the danger posed by megabanks as one that's able to spread "debilitating viruses throughout the financial world," a second top Federal Re...
A Senate proposal to force banks to shed their lucrative yet risk-laden derivatives units -- which is vehemently opposed by Wall Street -- is gaining ...
Another top Federal Reserve official offered his support this week to a Senate provision that would force megabanks to spin off their lucrative and ri...
If the legislation currently being debated by the legislature is not real financial reform (and it is not, according to Fisher), then our current policy trajectory amounts to facilitating further rounds of financial dementia.
A top Federal Reserve official blasted the Senate's financial reform bill Thursday night, arguing that it does little to end the perception that megab...
Seen in an abstract light, we can have no assurance that any new regulations will actually work to prevent a financial crisis or defuse one, so the safer option is to break up the big banks.
March 3 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher called for an international pact to break up banks whose collapse would...
Americans must hope that the Obama administration is honest with the people and makes some difficult choices early in his tenure to deal with our growing annual deficits and long term debt.