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Latest Federal Reserve System Stories

2014-09-10 08:23:37

CLEVELAND, Sept. 10, 2014 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has successfully negotiated an amendment with the banking group party to its revolving credit facility to allow for the Company to proceed at its discretion with the previously announced share buyback program. Lourenco Goncalves, Cliffs Chairman, President and CEO, stated, "We are very pleased that our banking partners have worked with us so that we now have the flexibility...

2014-09-09 16:22:24

CLEVELAND, Sept. 9, 2014 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that it has appointed John T. Baldwin to its Board of Directors, effective immediately. Lourenco Goncalves, Chairman, President and Chief Executive Officer of Cliffs stated, "John is a highly experienced and respected executive who represents an outstanding addition to our Board of Directors. He brings decades of operational experience, deep strategic capabilities, and overall...

2014-09-08 16:28:17

SIOUX FALLS, S.D., Sept. 8, 2014 /PRNewswire/ -- MetaBank's payment solutions division Meta Payment Systems(®) recently signed an agreement to partner with hyperWALLET(®), a Vancouver-based company that provides domestic and international mass payment solutions for corporations. The Sioux Falls-based financial company will become hyperWALLET's second issuing bank in the United States, issuing corporate payment cards and facilitating ACH payments for their business clients....

2014-08-28 23:02:14

UHY explains that the US was at the epicentre of the financial crash of 2008, but there are now signs that the economic recovery is strengthening and with it, the demand for lending. Sterling Heights, MI (PRWEB) August 28, 2014 Bank lending to the private sector in the US has stagnated in the last year, down by 0.13% in real terms, and continuing to fall behind the rest of the G7, according to a new study by UHY, the international accountancy network. UHY warns that the figures show that...

2014-08-27 12:26:29

MONTEBELLO, Calif., Aug. 27, 2014 /PRNewswire/ -- Leading personal finance website GOBankingRates recognizes Camino Federal Credit Union for providing its members with the latest in mobile banking technology. The Southern California-based credit union's recent addition of mobile deposit features to its banking app is part of an ongoing commitment to offering convenient services designed to make its members' lives, and financial decisions, even easier....

2014-08-14 08:25:25

WASHINGTON, Aug. 14, 2014 /PRNewswire-USNewswire/ -- American Economist Allan Meltzer, Ph.D who is a Senior Fellow at Hoover Institute, and author of a three-volume history of the Federal Reserve, is featured in this two minute preview video, describes his solution to avoid Big Bank Bail-outs in the future. Meltzer tells the Full Disclosure Network(R) how he is working with U.S. Senators Sherrod Brown (D-OH), and David Vitter (R-LA) to help write a bill that would downsize banks to...

2014-07-30 08:28:28

WASHINGTON, July 30, 2014 /PRNewswire-USNewswire/ -- Watch this revealing 2-minute preview video here in Segment 4 of 6. Economist Allan H. Meltzer, Ph.D., charges that Fannie Mae and Freddie Mac fostered the wrong incentives that led to the home foreclosure situation. He points out that the public's interest takes a back seat to the Securities and Exchange Commission (SEC) training that undermines regulators' objectivity and promotes impractical, harmful policies. Full Disclosure...

2014-07-24 23:08:00

Personal Gain Index shines a light on how representatives benefit during their tenure Madison, Wisconsin (PRWEB) July 24, 2014 While the average American continues to struggle financially, members of Congress are getting richer. How much richer? A new study by Ballotpedia and the Government Accountability Institute reveals that a member of Congress can expect his or her net worth to increase in eight years by an average of 72.6 percent. The Personal Gain Index (PGI) is a four-part study...

2014-07-16 08:24:05

WASHINGTON, July 16, 2014 /PRNewswire-USNewswire/ -- Watch this revealing 2-minute preview video here in Segment 4 of 6. Economist Allan H. Meltzer, Ph.D., reveals that banks have been turned into public utilities, and there's too much emphasis on near-term actions. He posits that the Dodd-Frank Wall Street Reform Act in 2010 added even more regulations to a heavily regulated industry, transferring decisions about risk for the bankers to the regulators. Full Disclosure Network(R)...

2014-07-11 08:20:36

ARLINGTON, Va., July 11, 2014 /PRNewswire/ -- ATK (NYSE: ATK) today announced that, as required by the terms of the indenture (the "Indenture") governing its 3.00% Convertible Senior Subordinated Notes due 2024 (CUSIP No. 018804AK0) (the "Notes"), it is commencing an offer to repurchase (the "Repurchase") any and all of the $12,816,000 aggregate principal amount outstanding of its Notes. Holders may surrender their Notes for repurchase at any time from 9:00 a.m. New York City time on...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'