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.
WASHINGTON (Reuters) - U.S. consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy's prospects.
WASHINGTON - The Federal Reserve paid $79.6 billion to the Treasury Department in 2013 as the Fed's enormous investment campaign to stimulate economic growth continued to generate windfall profits for taxpayers.
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.