Washington can go right or left in the fiscal-cliff talks, but U.S. consumer spending will probably take a hit next year either way.
Fed Chairman Ben Bernanke coined the term “fiscal cliff.” But he also said politicians need to act since the central bank can't do much.
Exchange operator Intercontinental Exchange (NYSE:ICE) said Thursday it was looking to buy the parent company of the New York Stock Exchange for $8.2 billion.
Besieged By Legal Liabilities, Criticism Of Sovereign Ratings Methodologies, Fitch, Moody's, S&P Face Rough End To 2012
Criticism of credit rating agencies continues after an analysis revealed their sovereign ratings lack reliability.
US Banks Seek Exemption From More Than Half The Capital Buffer Required Under The Basel III Global Rules Known As Basel III
U.S. banks are refusing to play ball on global capital rules, claiming they shouldn’t be forced to put more cash in a rainy day scheme.
In a visit to the Bank of England, Queen Elizabeth II politely but firmly questioned the precise reasons why the Bank never saw the crisis coming while other regulators did little to prevent it.
Egypt is at risk of descending into a cycle of economic crisis feeding into political crisis, as it had to delay asking for an IMF loan.
In total, 11 percent of banks admitted they charge more than 36 percent annual interest on small consumer loans of less than $2,500.
Key players in the continuing Europe debt saga and financial crisis announced what amounted to Christmastime gifts to Greece and Britain.
The chairman attempted to clarify new guidance from the Fed, but the more things were explained, the more complicated they became.
The Fed Wednesday announced a new round of monetary easing and, in a historic turn, tied future actions to a numerical jobless target.
Without much fanfare, the Mexican stock exchange has been setting record after record this month.
As U.S. budget talks continue on Capitol Hill, the Federal Reserve is expected to announce a new round of quantitative easing Wednesday.
Ana Botella appeared to be a hit as Spain's first lady eight years ago and seems to be a miss as Madrid's mayor now. What happened?
Next year should be a good one for big banks such as Bank of America, Barclays, Citigroup, JPMorgan Chase and UBS.
The ability of Greece to stay in the euro zone depends on how hedge funds respond to a critical debt swap.
ECB President Draghi faced a hostile reception at a monthly q-and-a session, as the media pressured him on Europe's economic woes.
Bill Gross, the manager of the United States' largest bond fund, was out Tuesday with a very dour view of the U.S. economy.
After Practical Joke In Major Policy Poll, Politicos Take To Twitter To Poke Fun At Clueless Respondents
A practical joke played on Americans by major pollster PPP led to a string of Twitter comments by politicos: Americans' issue awareness was not high.
Despite ballooning exchange rates, investors can’t get rid of their euros fast enough, as various rate indicators are demonstrating.
Red-Letter Day In Greek Crisis As Bond Buyback Advances, Merkel Eases Germany's Stance On Future Losses
Monday: a very good day for Greek crisis resolution. But again, the onus of solving the problem fell on taxpayers, and spared financiers.
Both the Spanish central bank and the European Union announced Wednesday the details of the financial sector rescue.
Credit Suisse said another big divestment was coming to the Asian insurance market.
Employees waste enough time on “non-work tasks” to cost their employers some $134 billion in lost productivity.
Canadian aircraft manufacturer Bombardier, Inc. signed its biggest deal ever Tuesday, when it accepted an order potentially worth $7.8 billion from London-based luxury charter company VistaJet.
The migration of shopping to virtual storefronts was in full display on “Cyber Monday,” the biggest online shopping sale day of the year.
A messy legal fight over the fallout from a 2002 sovereign debt restructuring came to a head last Wednesday and was expected to enter a critical phase over the next three weeks.
Tens of thousands of Egyptians began demonstrating Friday, a day after the president issued a decree expanding his office’s powers.
A new study suggests that adults treated with stimulants for ADHD are less likely to be imprisoned than those who aren’t.
A nonprofit sovereign rating system was proposed in Germany as an alternative to the current system, a day after Moody’s downgraded France.