South Korea’s central bank chief said a U.S. pullback from monetary easing would spur risks worldwide from rising bond yields, adding to a global debate over how to manage costs from exiting record stimulus.
Chairman Gary Gensler’s recusal from the U.S. Commodity Futures Trading Commission’s investigation into the collapse of MF Global Holdings Ltd. was unnecessary and wasn’t required by ethics rules, according to the agency’s internal watchdog.
Federal Reserve Bank of New York President William C. Dudley said he has not decided whether the Fed’s next move should be to enlarge or shrink its bond buying program as he called for a fresh look at its eventual retreat from record asset purchases.
A federal judge expressed “concern” that the U.S. scared off American International Group Inc. from joining a lawsuit by Maurice “Hank” Greenberg, its former chairman, challenging the insurer’s 2008 federal bailout.
Allan W. Rogers, who headed U.S. Treasury trading at Bankers Trust Corp. from 1977 to 1989, a period when the 10-year note’s yield went from 8 percent to almost 16 percent and back, retired from CRT Capital Group LLC.
More Americans than projected filed claims for jobless benefits last week and manufacturing in the Philadelphia region unexpectedly shrank in May, signs the slowdown in growth is rippling through the U.S. economy.
April 12, 2013 - If you’re a student or the parent of one, you’re quite familiar with the ever-increasing costs of higher education. Many students have been saddled with enormous debt. Bloomberg News points out how that debt overhang is making it difficult -- if not impossible -- for young people to qualify for a mortgage to purchase a home.