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Politics

U.S. Fed Approves Chinese Purchase of American Bank, Expansions of Two Others

ibtimes.com (1 year and 1 month ago)

May 10, 2012

After numerous rejections and delays, Chinese banks are slowly invading the U.S. banking system. full story

State approves 5 new charter schools, expansions for 8 existing ones

The Board of Elementary and Secondary Education approved charters for five new charter schools and expansions to eight existing schools this week, officials announced Tuesday.

boston.com (3 months and 22 days ago)

The Fed: Bubble, loss concerns played down by Fed officials

Fed Chief Bernanke downplayed concerns the Fed’s asset purchase program is fostering bubbles. At the same time, Fed officials said fiscal policy woes won’t alter their plans.

marketwatch.com (3 months and 26 days ago)

Fed Lies On The Record To Protect Bank Of America, Pulls Testimony

In late 2010, in a superficially stunning move, Bank of America was sued by, among many others, the New York Fed over the biggest bogeyman for the bank's balance sheet - its legacy portfolio of super toxic Countrywide mortgages it inherited in the worst M&A deal of all time (its purchase of CFC) and the inheritance of woefully inadequate mortgage issuance standards which...

zerohedge.com (2 months and 19 days ago)

Fed approves capital plans from 16 of 18 big banks

The Federal Reserve rejected the plans from Ally Financial and regional bank BB&T. And in a bit of a surprise, the Fed conditionally okayed buyback and dividend plans from banking giants JPMorgan Chase and Goldman Sachs.

cnn.com (3 months and 6 days ago)

Smithfield purchase by Chinese firm could expand pork market for U.S. producers

WASHINGTON -- The purchase of Smithfield Foods by Chinese meat processor Shuanghui International Holdings will open up the rapidly growing Asian market to American pork, allowing U.S. producers to gain a stronger foothold in a region hungry for meat, analysts and company officials said Wednesday.

argusleader.com (20 days ago)

The Fed: Fed’s Yellen: Full steam ahead on QE3

The Fed should hold the course on its easy policy stance, said Fed Vice Chair Janet Yellen on Monday. While there are potential costs, they would not would cause her to support scaling back the $85 billion-a-month bond purchase plan.

marketwatch.com (3 months and 16 days ago)

Fed warns Bank of Montreal on anti-money laundering controls

NEW YORK (Reuters) - The Federal Reserve Board said it told Bank of Montreal to step up efforts at the Canadian bank's Chicago branch to detect and prevent money laundering. The Fed entered into a written agreement requiring Bank of Montreal to strengthen its compliance after a recent inspection by the central bank's examiners found deficiencies in the bank's anti-money...

yahoo.com (1 month and 1 day ago)

U.S. Fed Approves Chinese Purchase of American Bank, Expansions of Two Others

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