Commercial real estate woes grow
Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry...
View ArticleFed survey: bank lending tight through mid-2010
The Federal Reserve said Monday most banks expect their lending to remain tight through the second half of next year, with the exception of mortgage standards, which already are loosening a bit. The...
View ArticleObama breaks vacation, keeps Bernanke at Fed
Praising him as the man who shepherded the United States past the worst economic crisis since the Great Depression, President Barack Obama on Tuesday announced plans to keep Federal Reserve Chairman...
View ArticleSurvey finds support for Fed, jitters on spending
Economists are pleased with the Federal Reserve’s policy on interest rates but skeptical of the government’s ability to rein in spending, curb greenhouse gases or overhaul health care, a new survey...
View ArticleFed expands eligibility for repurchase program
The Federal Reserve said Monday it is making more financial institutions eligible for a program to drain some of the unprecedented liquidity it added to markets during the credit crisis. The move is...
View ArticleFed weighs how and when to signal higher rates
Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered. A rate hike isn’t imminent. But at their meeting, which started...
View ArticleBernanke to wage fresh battle for Fed powers
Federal Reserve Chairman Ben Bernanke plans to wage a fresh battle against Senate efforts to scale back the Fed’s role in supervising the nation’s banks. In testimony prepared for a House of...
View ArticleVerizon strike boosts unemployment claims
Thousands of Verizon workers on strike pushed the number of people seeking unemployment benefits last week to its highest level in a month. But excluding the work stoppage, layoffs likely fell. That...
View ArticleNew York State IOLA fund 2011 revenue drops
By Todd Etshman The New York State Interest on Lawyer Account Fund released its annual report last week. The fund, established in 1983, supports nonprofit legal assistance organizations in the state...
View ArticleFed survey: bank lending tight through mid-2010
The Federal Reserve said Monday most banks expect their lending to remain tight through the second half of next year, with the exception of mortgage standards, which already are loosening a bit. The...
View ArticleObama breaks vacation, keeps Bernanke at Fed
Praising him as the man who shepherded the United States past the worst economic crisis since the Great Depression, President Barack Obama on Tuesday announced plans to keep Federal Reserve Chairman...
View ArticleSurvey finds support for Fed, jitters on spending
Economists are pleased with the Federal Reserve’s policy on interest rates but skeptical of the government’s ability to rein in spending, curb greenhouse gases or overhaul health care, a new survey...
View ArticleFed expands eligibility for repurchase program
The Federal Reserve said Monday it is making more financial institutions eligible for a program to drain some of the unprecedented liquidity it added to markets during the credit crisis. The move is...
View ArticleFed weighs how and when to signal higher rates
Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered. A rate hike isn’t imminent. But at their meeting, which started...
View ArticleBernanke to wage fresh battle for Fed powers
Federal Reserve Chairman Ben Bernanke plans to wage a fresh battle against Senate efforts to scale back the Fed’s role in supervising the nation’s banks. In testimony prepared for a House of...
View ArticleVerizon strike boosts unemployment claims
Thousands of Verizon workers on strike pushed the number of people seeking unemployment benefits last week to its highest level in a month. But excluding the work stoppage, layoffs likely fell. That...
View ArticleNew York State IOLA fund 2011 revenue drops
By Todd Etshman The New York State Interest on Lawyer Account Fund released its annual report last week. The fund, established in 1983, supports nonprofit legal assistance organizations in the state...
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