Fed Drops ‘Patient’ Stance, Opening Door to June Rate Increase
“An increase in the target range for the federal funds rate remains unlikely at the April” meeting, the FOMC said in a statement Wednesday.
PIMCO Rehires Spence, Banet to Rebuild After Gross Departure
PIMCO has named Nobel laureate Michael Spence as consultant and rehired money manager Jeremie Banet as executive vice president.
Brent Crude Futures Rise From 4-Year Low; WTI Oil Rebounds
Brent crude climbed from the lowest level in almost four years on speculation prices decreased more than justified.
Saudis Sitting Pretty in Global Oil Price Plunge
There’s still only one country in a position to choose winners and losers in the global market: Saudi Arabia.
Wall Street Bets on Bond Revival in Trader Hiring Spree
Wall Street firms are starting to bet on an end to the profit-eroding boredom in credit markets by building their bond trading desks.
Criminal Charges Against Banks Risk Sparking Crisis
Even a threat of a hearing may prompt clients to "lose confidence" in an institution and even "cause a run" on a bank, one expert says.
Obamacare Wins U.S. Bond Converts as Slowing Costs Tame CPI
Regardless of what Americans think about Obamacare, reining in health care costs is winning the support of investors in U.S. Treasuries.
Mideast Loans on Block as Euro Banks Seek Cash
European banks, in search of cash to meet new requirements, are looking to sell off their loans to Middle Eastern countries, and are looking for Arab banks as buyers in the process.
S&P, Fitch Cut Ratings of 17 Banks in U.S., Europe
S&P clips 10 in Spain, Fitch hits BofA and Goldman.
Bank of England Boosts QE
For the first time in nearly two years, the Bank of England increased its bond-buying program on Thursday, boosting the ceiling to 275 billion pounds ($421 billion) from 200 billion pounds as it said that slow growth worldwide and European unrest 'threaten the U.K. recovery.'