federal reserve

Yellen to Be Named Fed Chairman, The First United States Female Chief

Yellen to Be Named Fed Chairman, The First United States Female Chief

President Barack Obama will nominate Janet Yellen as chairman of the Federal Reserve, which would put the world’s most powerful central bank in the hands of a key architect of its unprecedented stimulus program and the first female leader in its 100-year history. Obama will announce the nomination at 3 p.m. today in Washington, a […]

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Moody’s Goes Downgrade on the Big Cows

Moody’s Goes Downgrade on the Big Cows

Moody’s downgrades big banks Fifteen global banks suffered credit rating downgrades on concerns over ability to repay debts following significant exposure to volatility in world’s financial markets, a Moody’s Investor Service Report shows. Amongst banks downgraded were Royal Bank of Scotland, Barclays and HSBC. The Bank of America, Goldman Sachs, Morgan Stanley and Citigroup were […]

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