Great Recession in the United States
Stock Markets Buoyed Before Fed Update
World stock markets climbed Wednesday, with all eyes on the Federal Reserve's US interest rate decision as corporate...
US Fed Approves Large Bank Investor Payout Plans
The Federal Reserve gave the green light on Wednesday to plans by all 34 large banks seeking to provide big payouts to...
GM Reaches Settlement Over Faulty Ignition Switches
US auto giant General Motors has reached a settlement with hundreds of car owners in a lawsuit over faulty ignition...
Major US Banks Would Withstand Recession
The largest US banks would withstand a severe recession and still be able to lend to American households and...
Trump Administration Unveils Plan To Defang Consumer Watchdog
The Trump administration has said it wants to ease oversight of smaller banks and curb the Consumer Financial...
Democrats Say Dodd-Frank Repeal Is ‘wrong Choice’
Democrats are slamming a Republican bid to dismantle financial rules put in place after the 2008 crisis as the "wrong...
Political Risk Weighs On European Stocks
European stocks slid on Tuesday as political risk once again returned to the fore with Italy nearing a deal for early...
Fed Says 30% of US Adults Face Financial Strain
Nearly one-third of US adults face financial difficulties or are "just getting by," despite a slight improvement in...
US Senate Confirms Jay Clayton As New SEC Chief
The US Senate confirmed attorney Jay Clayton as the new head of the Securities and Exchange Commission tasked with...
US Supreme Court Blocks GM Appeal On Defective Ignitions
The US Supreme Court on Monday turned away an appeal by auto giant General Motors of potentially billions of dollars in...
Small US Businesses Face Financing Challenges
Small US businesses are key sources of jobs, but only 40 percent last year received the full amount of private...
Activist Targets GM Share Structure, Board
Investor David Einhorn unveiled Tuesday a proposal Tuesday to try to boost General Motors share price by creating two...
Peugeot To Buy GM’s Opel, Creating 2nd-Largest European Car Maker
General Motors Co. is selling its loss-making European car business - including Germany's Opel and British brand...
Trump To Meet With U.S. Community Bankers On Regulatory Costs
President Donald Trump will meet with Main Street community bankers on Thursday to learn more about their difficulties...
GM Eyes Autonomous Future As It Sells Opel
The move by US auto giant General Motors to offload money-losing European brand Opel marks its latest effort to focus...
Government Engages Banks On Cheap Credit
Government has begun informal talks with key financial institutions on how to reduce the cost of credit and make same...
‘Significant Uncertainty’ About Fiscal Policy Under Trump
U. S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under...
Trump Ignites Political Fight Over U.S. Banking Law Reforms
U. S. President Donald Trump on Friday ordered reviews of major banking rules that were put in place after the 2008...