Fed proposes rules to boost stability of financial system
WASHINGTON - The Federal Reserve has put forward new rules aimed at addressing one of the primary causes of the 2008 financial crisis — the financial exposures that the biggest banks had with each other.The Fed is proposing new limits on that exposure. It hopes the new rules will prevent the type of crisis that engulfed the U.S. financial system in September 2008 when the collapse of Lehman Brothers raised fears about the stability of other banks that had made loans to Lehman.The central bank ..>> view originalStarboard to push for control of board in upcoming Yahoo talks: sources
A man walks past a Yahoo logo during the Mobile World Congress in Barcelona, Spain February 24, 2016. REUTERS/Albert Gea By Michael Flaherty and Liana B. Baker(Reuters) - Starboard Value LP, the activist hedge fund leading an investor revolt against Yahoo Inc's management team, will push for control of the company's board in talks scheduled for next week, according to people familiar with the matter.The talks between the two sides represent an effort by the Internet company to avoid a pro..>> view originalMcDonald's owner fined $65k after worker suffers third-degree burns
The owner of a McDonald's in Victoria has been ordered to pay $65,000 to an employee covered in hot oil in a horrifying fall caught by security cameras.Angela Buza, 21, was working at McDonald's in Warragul in November 2013 when she slipped and fell on a large bucket of hot oil, the ABC reports.Surveillance video from inside the store shows a fellow worker decanting oil from a deep fryer into the bucket next to him. As Ms Buza walks past him she slips on the floor, her legs flying out from unde..>> view originalAustralian dollar's rise could prompt RBA to step in, join global 'currency wars'
Australian dollar's rise could prompt RBA to step in, join global 'currency wars' Updated March 05, 2016 11:21:44 The Reserve Bank of Australia might have to step in to stop the recent surge in the dollar if it continues to push higher, economists say. Key points:Dollar has climbed over 1pc this year, to over $US0.73 this weekUnexpectedly strong economic data, rising commodity prices, US dollar's fall blamedRBA may cut interest rates to historic lows, economist says A..>> view originalEA Ultimate Team Generating Around $650 Million a Year, Mobile Games Breaking Records Too
EA Ultimate Team Generating Around $650 Million a Year, Mobile Games Breaking Records Too Ultimate Team addicts have propelled EA’s digital sales into the realm of silly figures, hoovering up around $650 million in annual revenue. EA’s CFO Blake Jorgensen, speaking at a Morgan Stanley investor conference, detailed how important the extra content and DLC is to the digital side of EA’s business. We’ve been a leader in driving digital extra content for games, which really drives the profitabil..>> view originalHow ANZ were alleged to manipulate the BBSW
The corporate watchdog has launched legal action against ANZ alleging market manipulation of a key interest rate. Erin Jonasson How one bank, however big, might manipulate the Australian money market's main benchmark interest rate has been the subject of much conjecture.Court documents filed on Friday by the Australian Securities and Investments Commission have offered an insight into how traders from various parts of the ANZ Banking Group shar..>> view originalPut together a home loan to suit your budget
Catriona Noble demonstrates how to build your own home loan. Picture Rebecca Michael.Sophie ElsworthNews Corp Australia NetworkBUILDING yourself a home loan to get the best possible deal takes time and care to ensure you save yourself some serious dollars. By taking a few simple steps when signing your first home loan or refinancing an existing loan, borrowers can be left tens of thousands of dollars better off.The Reserve Bank of Australia board last week kept the cash rate at two per cent and ..>> view original
Saturday, March 5, 2016
Fed proposes rules to boost stability of financial system and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment