(Reuters) - Warren Buffett's Berkshire Hathaway Inc has applied to increase its ownership stake in Wells Fargo & Co above 10 percent, the Federal Reserve said on its website on Friday. Boosting the stake above 10 percent could mean increased federal scrutiny over the investment. Show More Summary
Warren Buffett and Berkshire Hathaway are growing their stake in Wells Fargo. The famed investor applied to the Federal Reserve on Friday to increase his firm's stake in the bank above 10%, according to a report from Bloomberg's Noah...Show More Summary
WASHINGTON (Reuters) - The Federal Reserve will have a hard time assessing the impact of Britain's vote to leave the European Union because the exit negotiations could take a long time and other countries might also leave the EU, Fed Vice Chair Stanley Fischer said on Friday. Show More Summary
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local...
Unlikely. ZIRP is the acronym for the Federal Reserve Board's nearly 90-months of "zero interest rate policy." For seven-plus years, the federal funds rate (what the Fed charges its member banks for short-term, overnight loans) has been...Show More Summary
WASHINGTON, DC - JUNE 21: U.S. Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee June 21, 2016 in Washington, DC. (Photo by Win McNamee/Getty Images) Remember when Janet Yellen and other Federal Reserve Governors were characterizing the U.S. expansion as healthy and the [...]
A Cautionary Note on the Help Wanted Online Data Tomaz Cajner and David Ratner Federal Reserve, June 23, 2016 Measuring labor demand is one of the crucial tasks in analyzing the labor market. In the case of the United States,...Show More Summary
Deutsche Bank shares opened 4% lower in Germany on Thursday after the bank failed the US Federal Reserve's Dodd-Frank stress test. The test measures the ability to respond to an event similar to the financial crisis, and examines 33Show More Summary
With the Federal Reserve's big test out of the way Wall Street is going on a huge buying binge. That is, it is buying itself. The Dodd-Frank stress tests, which measure whether financial institutions with more than $50 billion in US-based...Show More Summary
The Federal Reserve has given the green light to major banks in the U.S. to raise dividends and buy back shares, judging them to have a sturdy enough financial foundation to withstand a major economic downturn. But the Fed on Wednesday gave Morgan Stanley only conditional approval because of what...
Just days ago we reported that the Federal Reserve trumpeted the fact that all 33 participating banks passed the latest stress test. Banks also spent a lot of money on consultants in preparation for the stress tests as well. After failing...Show More Summary
The Atlanta Federal Reserve just bumped up their Q2 GDP forecast to 2.7% on a day when the economic news was largely bad. The post Atlanta Fed GDPNow Q2 GDP Tracker RISES To 2.7% On Bad Economic News was originally published at The Wall Street Examiner. Follow the money!
The Federal Reserve has failed both Deutsche Bank Trust Corporation and Santander Holdings under the Dodd-Frank mandated stress tests. The test measures each of the ability to respond to a crisis similar to the financial crisis for 33...Show More Summary
Alphabet Inc. appointed former Federal Reserve Board vice chairman and tech expert Roger W. Ferguson Jr. to its board, where he will serve on its audit committee.
For the better part of six years, between December of 2008 and December of 2014, the Federal Reserve created hundreds of billions of electronic dollar credits to pump up asset prices (e.g., stocks, bonds, real estate. etc.). Theoretically, the subsequent wealth effect would encourage businesses to...
The US Federal Reserve might hike rates further no later than in January 2018, according to market participants; their view draws support from recently revised GDP figures showing capital redistribution rather than generation as the main driver behind the overall sluggish growth.
Tim Duy: Powell First Out Of The Gate, by Tim Duy: The first Fed speaker of the post-Brexit era delivered a decidedly dovish message. Confirming the expectations of market participants, Federal Reserve Governor Jerome Powell made clear that the Fed...
While first results from the Federal Reserve suggest banks are prepared for a severe downturn, they may have to hold on to more of their own capital.
The Richmond Federal Reserve Bank said that manufacturing activity in its district continued to decline in June, falling for the second straight month. The composite index of general business activity...
VideoFormer Chairman of the Federal Reserve Alan Greenspan speaks about 'Brexit' and the state of the European and US economies during a discussion with Bloomberg Government at their offices in Washington, DC, June 27, 2016. (SAUL LOEB/AFP/Getty Images) Looking at the global economy today, you can’t help but notice several worrying [...]