Michelle Smith

Michelle Smith News

  • Raskin Confirmed by Senate as U.S. Treasury’s No. 2 Official

    Federal Reserve Governor Sarah Bloom Raskin was confirmed by the U.S. Senate to be the Treasury Department’s No. 2 official and highest-ranking woman ever.

  • Yellen Spouse Akerlof Resigns From UBS-Funded Center in Zurich

    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.

  • BSG Resources-Tied Cilins Denied Bail in Bribery Case

    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.

  • Fischer to Sell Assets to Join Fed

    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.

  • How Bernanke the Scholar Became Fed Iconoclast

    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.

  • Yellen Said to Push White House to Pick Fischer for Fed

    President Barack Obama’s decision to nominate Stanley Fischer as the No. 2 at the Federal Reserve was prompted by none other than Janet Yellen.

  • Banks on Fed Staffer E-Mail List Get Leak of FOMC Minutes

    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.

  • Goldman Sachs, Citigroup, Received Fed Minutes Early

    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 Kings Selling Debt Poised to Lose Value

    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.

  • How Wal-Mart Swiped JPMorgan in $16 Billion Debit-Card Lobbying Battle

    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.

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