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Although it is too early to say the crisis is over, it is time to withdraw some of the policy measures that supported the financial system through the credit crunch, the European Central Bank President Jean-Claude Trichet said Friday. Complete Story...
The Bank of Japan upgraded its assessment of the world's second-largest economy and held its key interest rate unchanged at a near-zero 0.1 percent Thursday as it tries to nurture a recovery.
Japan's central bank kept its key interest rate unchanged at 0.1 percent Tuesday, and maintained a cautious view on the strength of recovery in the world's second-largest economy.
The head of Cuba's central bank has resigned as President Raul Castro pushes ahead with a government reorganization amid signs of a cash crunch, state television reported Thursday.
Japan's central bank on Friday upgraded its assessment of the world's second-largest economy, taking a cautiously upbeat stance that recession may be easing.
Japan's central bank kept its benchmark interest rate steady amid signs that the country's economic picture may be brightening.
A chairman of Tajikistan's Central Bank diverted more than $850 million to a company run by himself and his family, according to an independent audit posted on the bank's Web site Monday.
Japan's central bank kept its benchmark interest rate steady Tuesday but introduced new steps to spur lending and ease the strains of an increasingly painful recession.
Japan's central bank kept its benchmark rate steady and boosted its purchase of government bonds Wednesday to keep ample cash in the monetary system as the nation grapples with a debilitating global slowdown.
Iran's state-run English language network says the Cabinet has approved a Central Bank proposal to feature the logo of the country's first domestically built satellite on new coins and bank notes.
Japan's central bank kept its already super-low interest rate on hold Thursday as widely expected but sharply downgraded its economic outlook amid an ever-deepening recession.
The financial crisis has raised questions about the solvency of Britain's banks that may lead the Bank of England to buy up assets from them within "weeks, not months," the central bank's governor, Mervyn King, said Tuesday.
The ruble barely moved against foreign currencies Friday morning despite the Central Bank's decision to give the national currency more trading room, allowing as much as a 10 percent devaluation.
Venezuela has weakened its economic position by transferring $12.5 billion of its international reserves to a state development fund, global credit rating agency Fitch Ratings said Friday.
The Central Bank says it expects Chile's economy to grow by 2 to 3 percent with 3.1 percent inflation this year as the global downturn cools its copper-dependent economy.
Russia's ruble fell to its lowest point in more than a decade against the dollar Thursday as the Central Bank continued a policy of controlled devaluation.
Mexico's central bank cut interest rates for the first time since 2006 on Friday to boost the country's slowing economy as it inches toward recession.
The Bank of Japan said Thursday it will provide 1.22 trillion yen ($13 billion) in emergency loans to financial institutions as part of a new program to spur lending to the country's businesses.
A private bank saddled with bad debt that threatened to destabilize Sri Lanka's financial system was taken over Monday by the island nation's Central Bank.
Russia's Central Bank on Monday allowed its plummeting currency to drop further on the last day of trading before the long New Year's holiday, ending a rollercoaster year for the ruble on a historic low.
The Central Bank of Iraq says it will reduce its interest rate by 1 percentage point to 14 percent, starting next year.
Central Bank director Armando Leon predicted Thursday that Venezuela will slash the inflation rate in half in 2009.
The European Central Bank on Thursday announced moves that should encourage more lending between private banks which have been reluctant to lend to one another in recent months.
The ruble dropped further on Monday as the Central Bank again eased its support of the Russian currency, under constant pressure from plunging oil prices and economic woes.
Japan's central bank cut its key interest rate to 0.1 percent on Friday, joining the U.S. Federal Reserve in lowering borrowing rates to nearly zero amid an ever-worsening outlook for the global economy.
Barrick shuts hedge book as world gold supply runs out - TelegraphThis is a double "oh-@!$%#" moment. We should see Gold shoot up and our dollars drop to nothing.
Federal Reserve Accountability Act An Unacceptable Compromise - Yahoo! FinanceSenators Jeff Merkley (D-OR) and Bob Corker (R-TN) introduced the Federal Reserve Accountability Act, an attempted compromise on the issue of transparency for America's secretive central bank.
Friday Failures : 3 Banks Closed by FDIC on October 2On October 2nd, FDIC closed 3 banks. These banks were from Michigan, Minnesota and Colorado . With this failure the failed banks count goes to 98 in 2009 and 123 since 2008. Today's failures will cost $307.1 million to the Deposit Insurance Fund (DIF) .
Rep. Frank: House will Pass Ron Paul Audit the Fed Bill this YearPowerful House Financial Services Committee chairman says central bank's lending powers to be 'curtailed'
Judge Orders Fed To Disclose Who Received Bailout Trillions as Bernanke is re-appointed as Fed chiefA New York District Judge has ordered the Federal Reserve to disclose the destination of around $2 trillion dollars in bailout funds after the Fed failed to convince the Judge that the records should be exempt from the Freedom of Information Act.
Dismantling the Temple :How to fix the Federal ReserveDuring the past year, the Fed has flooded the streets with money--distributing trillions of dollars to banks, financial markets and commercial interests--in an attempt to revive the credit system and get the economy growing again.
Fed Chair Bernanke - Unemployment could undercut U.S. recoveryWASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering U.S. economy was improving but that supportive policies would be needed for some time to prevent rising unemployment from undercutting recovery.
The U.S. Federal Reserve was ordered to hand over e-mails and documents pertaining to Bank of America's purchase of Merrill Lynch in January 2009, according to a press release.
The Money Masters - Part 1 of 2How International and Central Banking has been insinuated into North America using murder and war to achieve its end of total control.
IMF predicts ZERO economic growth for the Philippines but Gloria's govt affirms 4%Tonight, Gov Amandao Tetanco, Central Bank of the Philippines governor confirmed the prediction of RP Govt that the country will be experiencing a 4% growth in opposition to the International Monetary Fund's assessment that the country's economic growth for the year is that of ZE …
A world currency moves nearer after Tim Geithner's slip - TelegraphChina's Communist Party seems to fear that the Federal Reserve is orchestrating a beggar-thy-neighbour devaluation - and a disguised default on America's foreign debt - by resorting to the nuclear option of printing money to buy US Treasury bonds. China's proposal is to activate …
CA institute asks RBI to withdraw circular on banks' bad loans RBI is trying to hide Bank's bad assets. This could be catastropic like in the case of Global Trust Bank. The depositor suffers the most in such cases
Ron Paul Speaks at CPACSpeaks on liberty, the hypocrisy of Conservatives, the Constitution, the Federal Reserve System, the economy, and foreign policy.
On Transparency of the FedThis week the Federal Reserve responded to the American people's increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed's transparency and accountability.
Since the fall of 2008, the common theme from the media, the economists, and the government they serve is the failure of the Free Market.
LiveLeak.com - Federal Reserve Police Tells Reporter to Stop FilmingOn a routine "broll shoot" for a news story, I was just filming wide shots of the Federal Reserve building in Washington DC. I was on the public sidewalk, no tripod, with a medium sized camera.
Crime pays under Gloria Macapagal ArroyoLaundering money in the Philippines and getting away with it do pay, since local banks and the Anti-Money Laundering Council (AMLC) appear to be useless in getting culprits charged, especially when the alleged money launderers are close to the powers that be.
Big business corruptionThe latest scam on Wall Street once again shows that corruption is more pervasive in the corporate boardrooms than in government offices...
What if McCain does win?Alot of food for thought in this article, Even though it was written November 10, 2008. Everyone should read this article and think really hard about what it is saying.
Fed: Zero-percent interest rate? Zero percent interest rates! It sounds like free money, or maybe a promotional deal from General Motors to get people to buy Hummers. Are zero rates coming to the Federal Reserve?
Monetary-Policy Disasters of the Twentieth CenturyThe Great Depression of the 1930s, the S&L fiasco of the 1980s and 1990s, and the farming crisis of the 1980s are all testaments to the extremely destructive effects that an irresponsible monetary policy can have on a society.
Treasury Secretary Paulson To Urge New Fed Reserve Powers"We should quickly consider how to appropriately give the Fed the authority to access necessary information from highly complex financial institutions and the responsibility to intervene in order to protect the system," Paulson plans to say, "so they can carry out the role our na …
Fed's Bear Stearns Books Look Prime for CookingThe Federal Reserve is just days away from completing the financing for its bailout of Bear Stearns Cos., after which the central bank will have another big decision to make: how to account for it.
Central bank body warns of Great DepressionThe Bank for International Settlements (BIS), the organisation that fosters cooperation between central banks, has warned that the credit crisis could lead world economies into a crash on a scale not seen since the 1930s.
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