Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM) got their capital plans passed by the U.S. Federal Reserve after being told to improve on certain aspects in their capital planning process.
"We...
The United States gross domestic product (GDP) increased 2.8% in the third quarter from 2.5% in the previous quarter. The acceleration of the GDP was driven primarily by improvement in private inventories based on...
President Barack Obama officially nominated Janet Yellen, vice chairperson of the Federal Reserve to succeed Ben Bernanke who will be retiring from his post. The President encouraged the Senate to approve her appointment immediately...
The stock markets in the United States rallied to a new record high after the Federal Reserve surprisingly maintained its $85 billion monthly stimulus or bond-buying program. Policy makers were concerned that the sudden...
The stock markets in the United States rallied over the decision of former National Council of Economic Director, Lawrence Summers to withdraw his candidacy to become the next head of the Federal Reserve to...