WASHINGTON - The Federal Reserve's controversial bond-buying program, designed to stimulate the U.S. economy, generated interest income of $90 billion in 2013, an audit of the central bank confirmed Friday.
March 15 (Bloomberg) -- Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world's biggest banks sued by the U.S.
The yen gained the most versus the dollar since January as demand for haven assets surged amid the biggest dispute between Russia and western nations since the Cold War and signs of instability in China’s economy.
Consumer confidence in the U.S. unexpectedly dropped in March to a four-month low, indicating household spending may be slow to pick up from a weather-related setback earlier this year.
A Senate bill would replace mortgage giants Fannie Mae and Freddie Mac with a new federal agency. * Banks, affordability advocates question measure to dismantle Fannie, Freddie.