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Federal Reserve Asks for Comments Before Implementing the Volcker Rule
Federal regulators have requested public comment on the Volcker Rule – the Dodd-Frank Act restrictions that would ban American banks from making short-term trades of financial instruments for their...
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Recent College Grads Can Expect Starting Salaries 10 Percent Below 2000 Levels
Recent college graduates can expect to earn 10 percent less than they did as long ago as 2000. In fact, one of the longest-lasting legacies of the great recession may be its negative impact on the...
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Banks Getting Healthier
Bank earnings rose to their highest level in more than four years, while the number of troubled banks declined for the second consecutive quarter. The Federal Deposit Insurance Corporation (FDIC) said...
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Fewer Couples Are Going to the Chapel
The number of American couples marching down the aisle to get married is in decline, with just 51 percent of adults reporting that they are married, according to the Pew Research Center and the Census...
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Gordon Gekko Changes His Mind, Says Greed Is Bad
Actor Michael Douglas is playing a new and rather surprising role as spokesman for the FBI to fight corruption on Wall Street. The actor – famous for his line “greed is good” in the 1987 film “Wall...
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Treasury Makes $25 Billion in Successful MBS Sale
The Treasury Department just raked in a cool $25 billion for the American taxpayer. It sold the agency-backed mortgage-backed securities (MBS) that it bought during the financial crisis. “The...
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Rising Unemployment Could Push Eurozone Into a Double-Dip Recession
Europe’s unemployment has soared to 10.8 percent, the highest rate in more than 14 years as companies from Spain to Italy eliminated jobs to weather the region’s crisis, according to the European...
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March Housing Starts Down, While Construction Permits Rise
American homebuilders started construction on new houses in March at a slower pace, but in an ironic twist, the number of construction permits jumped to their highest level in 3 ½ years. This is a...
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Basel III Compliance Requires 29 Biggest Banks to Raise $556 Billion
The world’s largest banks need to raise as much as $566 billion of common equity to meet Basel III rules on capital to be implemented by 2019, cutting shareholder returns, according to analysts at...
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QE3 A Boon to CMBS
If history repeats itself, QE3 will be good for commercial mortgage-backed securities (CMBS). The Fed’s third round of quantitative easing – which is purchasing $40 billion of residential...
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