When it comes to monetary policy, Federal Reserve Chair Janet Yellen is doing all she can to ensure there’s little difference between herself and Ben S. Bernanke. The bond market is taking notice.
Moody’s Investors Service, the second-largest credit-rating company, has made Michael West its global head of structured-finance grades.
Citigroup Inc. said it’s “encouraging” that the city’s household debt tied to the real estate market is only a fraction of property values, downplaying concerns of a bubble.
Apparently bankers have found ways around the rules that prevent them from getting bonuses. Which was pretty obviously Job Number 1, so it would be embarrassing if they hadn't.
The following is the text of the Federal Reserve Board’s Fifth District-- Richmond.
Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank’s latest regional survey, also known as the Beige Book.
Santander Consumer USA Holdings Inc., the U.S. auto-lending unit of the Spanish bank, climbed in its trading debut after raising about $1.8 billion in an initial public offering.
Russia’s two biggest banks are betting a resumption of subsidies for the automotive industry will return car sales to growth, bolstering lending.
Recoveries on defaulted auto loans are poised to decline this year as an influx of used vehicles damps the value of collateral backing the debt, according to Moody’s Investors Service.
Carfinco Financial Group Inc., the Canadian car lender trading close to a record high, plans to increase its U.S. loan portfolio by 20 percent next year by targeting high-risk borrowers who have filed for bankruptcy or missed credit payments.