Federal Reserve

Timelines
35 US-banks would survive global economic recession: US Federal Reserve

22 Jun 2018

35 US-banks would survive global economic recession: US Federal Reserve

The US's 35 largest banks are "strongly capitalized" and would survive a severe global economic recession, the Federal Reserve announced.

Gold prices fall by Rs. 300 on weak global-cues, low-demand

02 Jun 2018

Gold prices fall by Rs. 300 on weak global-cues, low-demand

Gold prices dived by Rs. 300 to Rs. 31,600 per ten grams, extending their slide for the third straight day at the bullion market today, tracking a weak trend overseas amid fall in demand from local jewelers.

Gold prices steady after four-month low

13 Dec 2017

Gold prices steady after four-month low

After falling continuously since a week, gold prices hit a four-month low yesterday, after a dip of Rs. 180 in the Delhi bullion market.

Ex-RBI governor Raghuram Rajan to next head US Federal Reserve?

01 Nov 2017

Ex-RBI governor Raghuram Rajan to next head US Federal Reserve?

Former governor of the Reserve Bank of India, Raghuram Rajan, makes for an ideal candidate to head the US Federal Reserve, says international financial magazine Barron's.

Trump requests Congress to release $7.8bn funds for hurricane victims

02 Sep 2017

Trump requests Congress to release $7.8bn funds for hurricane victims

President Donald Trump has requested Congress to release initial funds worth $7.8 billion to aid recovery efforts in Hurricane Harvey-hit states of Texas and Louisiana.

Is the US drug crisis linked to 'jobs market'?

15 Jul 2017

Is the US drug crisis linked to 'jobs market'?

Amid US's major opioid crisis, Federal Reserve Chief, Janet Yellen suggested that the crisis may be linked to a decline in the number of working Americans or those looking for work.

Sensex closes above the 32,000 for the first time ever

13 Jul 2017

Sensex closes above the 32,000 for the first time ever

Riding high on the dovish comments of US Fed Chair Janet Yellen before the US Congress and a fall in retail inflation in June, benchmark equity indices reached record high levels today as the market opened.

US Federal Reserve hikes interest rate, plans balance sheet reduction

15 Jun 2017

US Federal Reserve hikes interest rate, plans balance sheet reduction

The Federal Reserve has hiked its benchmark lending rate by a quarter percentage point to 1.25% from its erstwhile 1%, showing its conviction in the US economy's growth and the job market performance and said that there is a chance of another hike later this year.

US Federal Reserve hikes benchmark interest by 0.25%

16 Mar 2017

US Federal Reserve hikes benchmark interest by 0.25%

The US Federal Reserve raised its benchmark interest rate for the second time in three months by 0.25% to a range of 0.75-1%.

Sensex down 84 points after Fed rate hike

15 Dec 2016

Sensex down 84 points after Fed rate hike

The Sensex closed 83.77 points down after the US Federal Reserve hiked interest rates, indicating more hikes in 2017.

Sensex increases amidst signals of a Federal Reserve rate hike

14 Dec 2016

Sensex increases amidst signals of a Federal Reserve rate hike

Despite reports signalling an increasing possibility of a US Federal Reserve rate hike this month, India's Sensex managed to close higher on the Bombay Stock Exchange.

Wells Fargo CEO steps down

13 Oct 2016

Wells Fargo CEO steps down

In the wake of the fake account creation scandal, Wells Fargo announced that their CEO John Stumpf would retire, "effective immediately."

$200 million settlement for Well Fargo's CEO, Stumpf

23 Sep 2016

$200 million settlement for Well Fargo's CEO, Stumpf

As calls for the stepping down of Wells Fargo and Co.'s CEO John Stumpf grew louder, sources revealed that he may be entitled to a $200 million severance payout.

Senator says Wells Fargo CEO "should resign"

22 Sep 2016

Senator says Wells Fargo CEO "should resign"

A US senator lambasted Wells Fargo and Co.'s CEO John Stumpf over his involvement in the unauthorized opening of over 2 million accounts to meet sales targets.

Sensex rallies, Nifty peaks to 8850

16 Sep 2016

Sensex rallies, Nifty peaks to 8850

India's benchmark indices, the BSE Sensex and the NSE Nifty rose over a percent today.

Warren Buffet loses $1.4 billion on Wells Fargo's accounting scandal

16 Sep 2016

Warren Buffet loses $1.4 billion on Wells Fargo's accounting scandal

Warren Buffet's Berkshire Hathaway scripted massive losses of $1.4 billion over Wells Fargo's accounting scandal in just one day.