Written by Georgia’s Crescent Bank and Trust largest of seven to fail
Number of US failures now expected to exceed last year’s total READ MORE »
Posts tagged us bank central
Dollar Drops Against Major Rivals
The dollar fell sharply against major rivals Thursday as speculation mounted that the Federal Reserve could take further action to prop up the U.S. economy. READ MORE »
PRECIOUS METALS: Gold Futures Pull Back After Bernanke Speech
Gold futures have eased slightly after comments from the head of the U.S. Federal Reserve about deflation, but the metal isn’t losing much ground as concerns about the economic recovery continue to support it as a refuge investment. READ MORE »
Obama won’t fill Fed seats this week
President Barack Obama wants to move quickly to fill vacancies on the Federal Reserve Board, but has made no decision yet and will not be announcing appointments this week, White House officials said on Tuesday. READ MORE »
Seven more US banks collapse on day of Europe’s stress tests
Georgia’s Crescent Bank and Trust largest of seven to fail
Number of US failures now expected to exceed last year’s total
More than 100 banks in the US have now collapsed so far this year after another seven were taken over by regulators late on Friday – the same day that seven European banks failed a financial health check. READ MORE »