The rule, which five agencies will put to a vote on Tuesday, is named Robert Caplin for The New York Times The rule, which five agencies will put to a vote on Tuesday, is named for Paul Volcker, a former Fed chief and Obama adviser.
WASHINGTON - The wealth of Americans reached a nominal record high during the summer, buoyed by surging stock prices and a healthy recovery in home values.
The new American Airlines Group Inc. disclosed retention bonuses for executives following the closing of its merger Monday, including shares worth about $15 million for Chief Executive Doug Parker.
Taper talk is once again ruffling global markets as better-than-expected U.S. job creation feeds expectations that the Federal Reserve could start slowing down its $85 billion-a-month asset purchases, known as QE3.
Fannie Mae (FNMA) and Freddie Mac, the U.S.- owned mortgage-finance companies, will raise the fees they charge lenders to guarantee loans as part of an effort to shrink their presence in the mortgage market, the Federal Housing Finance Agency said.