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"...while J.P. Morgan's paper loss could prove fleeting, it is also a reminder of the Fed's questionable decision in the spring to allow some banks to resume capital returns even as the central bank was printing... Read More
"The Federal Reserve announced an enforcement action against Goldman Sachs Group Inc., saying the company's mortgage-servicing unit had engaged in "a pattern of misconduct and negligence" in its... Read More
"U.S. regulators have pushed Bank of America Corp. to show what measures it could take if conditions worsen for the Charlotte, N.C., lender, according to people familiar with the situation." Read the... Read More
"The Obama administration now says U.S. unemployment could persist at its current stubbornly high level around 9% well into 2012." Read the full story at The Wall Street Journal
With the number of long term unemployed at historic highs, many are discouraged, losing their skills and being overtaken by younger workers as articles in the Wall Street Journal today point out.  Read the full story... Read More
"Britain’s biggest banks are set to escape any major restructuring until after the planned 2015 general election, amid a political consensus that they should focus on business lending to sustain the... Read More
"Since George Osborne has already promised to implement what Sir John Vickers proposes on making finance safer, the UK’s banks have realised the time to influence the debate is now. Once the report... Read More
"The global manufacturing recovery appeared to have come to a grinding halt in August, activity surveys suggested on Thursday, undermining hopes of a vigorous economic recovery in the second half of the year."... Read More
"Now the Fed’s commitment to at least two more years of near-zero interest rates is setting off a new round of carping about rising hard asset prices." Read the full story at The Financial Times
"The US Federal Housing Finance Agency is preparing to sue some of the biggest US and European banks over their failure to inform buyers of securitised mortgages about the quality of the underlying assets. The FHFA... Read More
"With the unemployment rate at 9.1 per cent in August, about 7.3m US workers collect some form of unemployment insurance benefit, according to the National Employment Law Project, with the average weekly benefit... Read More
"The unemployment outlook for the next 16 months reflects a 9.1 percent rate this year, down slightly from the 9.3 percent forecast when President Obama made his annual budget request in February. Next year, the... Read More
"The government report on hiring, released on Friday, prompted another round in a relentless diminution of economic expectations. The unemployment rate, at 9.1 percent, did not change last month, and the White House... Read More
"The number of jobs in the U.S. was reported as unchanged in August, and while that number will likely eventually be revised to a loss or a gain, the stagnation provides an apt metaphor for a stalled labor market where... Read More
"The U.S. jobless rate was flat at 9.1% in August, but the government’s broader measure of unemployment rose to 16.2%, matching the highest rate this year." Read the full story at The Wall Street Journal
"One way to gauge today's job market is to look at the historically low percentage of adults who are working." Read the full story at The Wall Street Journal
"The U.S. economy slammed into a wall in August, failing to add any jobs for the first time in nearly a year and ratcheting up pressure on President Barack Obama to find a way to kick-start the sputtering recovery.... Read More
"The top federal housing regulator filed lawsuits on Friday against 17 of the world's biggest financial institutions, saying they sold $196 billion of risky home loans over four years to Fannie Mae and Freddie Mac... Read More
"A bruising legal fight pitting the country’s most powerful banks against the full force of the United States government began Friday, as federal regulators filed suits against 17 financial institutions ... Read More
"Attacks on the chairman of the Federal Reserve aren’t new." Read the full article at The New York Times