George Akerlof, a Nobel Prize- winning economist and the spouse of Federal Reserve Chair Janet Yellen, resigned an unpaid advisory position with a University of Zurich center funded by UBS AG, saying he wants to avoid an appearance of conflict of interest.
A French citizen with ties to BSG Resources Ltd. was denied bail while he waits for trial on charges he interfered with a U.S. grand jury probe of claims that BSGR paid bribes to win mining rights in Guinea.
Stanley Fischer, the nominee for vice chairman of the Federal Reserve, disclosed assets of as much as $56.3 million and said he would sell his shares of financial companies including BlackRock Inc. if he is confirmed.
When President George W. Bush was considering candidates to be chairman of the Federal Reserve in the autumn of 2005, the rap on Ben Bernanke, a brilliant economist, was that he had never faced a crisis, might be too soft for a challenge and wasn’t politically astute.
Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. were among at least 15 financial companies that received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called a mistake.
Banks including Citigroup Inc. and Goldman Sachs Group Inc., along with congressional staff members and trade groups, received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called accidental.
Wall Street junk-bond underwriters, selling debt at a record pace after the securities returned 19 percent last year, say it’s obvious that prices will drop when interest rates rise. So don’t blame the banks.
Jennifer Cavallaro’s Twitter feed usually deals with matters like the free-range egg salad she serves at her Beehive Café in Bristol, Rhode Island. On May 17, 2010, she blasted a different message to her followers.