The New York Federal Reserve has published the daily schedules of its president, William Dudley. As a result, we learn the identities of those the central banker holds in highest esteem, based on the tried-and-true high school metric of who he eats with.
Highlights include breakfast with Larry Fink, CEO of BlackRock and Read More
Following recent reassurances from three of the nation’s largest banks that the foreclosure paperwork kerfuffle won’t wreak balance-sheet havoc, Bloomberg reports that three huge players in the world of finance are saddling Bank of America with putback requests.
Bond-market titan PIMCO (“the authority on bonds”), private-equity giant BlackRock and none other than the Federal Read More
Presidents of two Federal Reserve banks — William Dudley of the New York Fed and Charles Evans of Chicago — today came out out in favor of additional monetary stimulus to the economy, suggesting that the scales may be tipping in favor of additional quantitative easing.
AIG’s board is meeting today to discuss a way for the U.S. taxpayer to sell out of its investment in the troubled insurance company, Reuters reports.
Chairman Steve Miller said the company is hopeful that the government will make a profit from its roughly 80 percent stake in AIG. We already knew a Read More
