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Quicken Loans shifts more jobs to Detroit
March 3, 2010 - 0 comments

Washington -- U.S. mortgage lender Quicken Loans said it was considering moving 700 more employees to Detroit within a year after posting a banner year in 2009.

Chinese bank moves to slow inflation
February 13, 2010 - 0 comments

Beijing -- The People's Bank of China increased reserve requirements among most banks in a move widely interpreted as a step to slow inflation.

Fed planning for economic recovery
February 8, 2010 - 0 comments

Washington -- The U.S. Federal Reserve bank is likely to use a variety of options to slow the economy when the recovery is stronger, bank officials said.

Survey: Interest rates fueled the meltdown
January 13, 2010 - 0 comments

Washington -- A majority of U.S. economists indicated in a survey low interest rates contributed to the housing bubble that sent the financial system into a tailspin

Wash. bank, Calif. credit union shuttered
January 9, 2010 - 0 comments

Washington-- A Washington state bank and a California credit union have become the first two financial institution failures of the year, officials say.

EIB loans SATA Group $53 million
January 9, 2010 - 0 comments

Luxemburg -- The European Investment Bank said Friday it would loan SATA Air Acores airline $53 million to upgrade its fleet with four turboprop aircraft.

Savings concern British economists
December 23, 2009 - 0 comments

London-- Economists in Britain said an increase in personal savings was an important step for consumers, but one that could put a "drag" on the economic recovery.

Treasury to extend TARP for 10 months
December 10, 2009 - 0 comments

Washington -- U.S. Treasury Secretary Timothy Geithner says he has extended the $700 billion Troubled Asset Relief Program until October with a new focus.

Bernanke defends Fed, warts and all
December 4, 2009 - 0 comments

Washington -- U.S. Federal Reserve Chairman Ben Bernanke told Senate Banking Committee members in a partly contentious confirmation hearing the central bank made mistakes.

Euro area unemployment unchanged
December 2, 2009 - 0 comments

Brussels -- Unemployment in the 16 countries that share the euro as currency remained unchanged in October at 9.8 percent, the European Union's statistical office said.