2011-06-14 Bernanke says Debt Limit Battle Risks Crisis
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America's creditworthiness.Bernanke said in the ab - Click for more...
S&P slashes Greece to lowest, says default likely
ATHENS/NEW YORK (Reuters) - Greece became the lowest-rated country in the world in the rankings of Standard & Poor's on Monday, putting it below Ecuador, Jamaica, Pakistan and Grenada.The rating agency cut Greece three notches and warned it would - Click for more...
NY jury convicts 3 in NYC hedge fund trial
NEW YORK (AP) — The second trial to result from a massive investigation into insider trading at hedge funds ended Monday with the conviction of a trio of Wall Street traders on charges they paid hefty bribes to coax confidential information out - Click for more...
U.S. banks prepare to lower use of Treasuries: report
NEW YORK (Reuters) - A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.The decision comes as a precaution against any turbulence that could follow if conflict - Click for more...
Fed prepares for last spurt of easy money flood
NEW YORK (Reuters) - The flood of Federal Reserve money that has supported Wall Street and the rest of the U.S. economy for 2-1/2 years will shrink to a trickle with the conclusion of the Fed's bond purchases announced on Friday. The Fed said it will - Click for more...
Dow Below 12k; Stocks Head For 6th Down Week (06/10/2011)
(AP) The Dow Jones industrial average below 12,000 on Friday, the first time the Dow has dropped below that mark since March. Fears that the global economic recovery has stalled also weighed on other indexes.The Dow fell 142 points, or 1.2 percent, t - Click for more...
Goldman fined $10 million, agrees to stop trading "huddles"
NEW YORK (Reuters) - Goldman Sachs Group Inc agreed on Thursday to pay a $10 million fine and stop giving favored clients trading ideas developed at internal gatherings known as "trading huddles."The accord with Massachusetts' securities re - Click for more...