NEW YORK/WASHINGTON (Reuters) - The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate.
The Quiznos Sub chain, once the third largest sandwich shop outfit,was torpedoed by bankruptcy today, less than a week after the Sbarro's Pizza chain went into voluntary bankruptcy, as the fast food space tightens its belt again.
The value of U.S. government bonds held by foreign central banks at the Federal Reserve shrank by a record amount this week, causing a stir in the Treasury market.
WASHINGTON (Reuters) - U.S. consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy's prospects.
U.S. Secretary of State John Kerry, right, and Russian Foreign Minister Sergey Lavrov... Read More. U.S. Secretary of State John Kerry, right, and Russian Foreign Minister Sergey Lavrov shake hands before a meeting at the residence of the U.S.