Moneynews RSS FeedTue, 21 May 2013 12:00:28 EDTFederal Reserve Bank of St. Louis President James Bullard said the central bank should continue its bond buying because it s the best available option for policy makers to boost growth that is slower than expected.The purchases known as quantitative easing should be...Tue, 21 May 2013 10:44:59 EDTMetLife Inc. said continued low interest rates could cost the company about $2.5 billion after three-to-five years in the U.S. variable annuity business.Tue, 21 May 2013 09:49:23 EDTThe Treasury Department announced further steps to keep funding the government without going over the nation s debt limit, amid a stalemate between Congress and the Obama administration on approving an increase in the ceiling.Tue, 21 May 2013 09:36:09 EDTShareholders at JPMorgan Chase will let Jamie Dimon, the chairman and CEO, keep both his jobs.Tue, 21 May 2013 08:20:10 EDTNew regulations from the Commodity Futures Trading Commission (CFTC) on derivatives are "a victory for Wall Street and a setback for financial reform," asserts The New York Times in an editorial, asserting the rules "may also signal worse things to come."Tue, 21 May 2013 08:15:47 EDTThe Justice Department has asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery."Tue, 21 May 2013 08:01:01 EDTGovernments, which have yet to resolve the problem that some banks are too big to fail, face another potentially larger problem — the shadow banking system has also become too big to fail warns Shanghai-based economist Andy Xie in an article for Caixin Online.Tue, 21 May 2013 07:10:06 EDTBank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG LLP survey.About 13 percent of executives said they were very likely to...Mon, 20 May 2013 17:33:47 EDTApple Inc. has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes, including three foreign subsidiaries the company says have no home country for tax purposes, congressional investigators say.Mon, 20 May 2013 14:25:58 EDTFederal Reserve Bank of Chicago President Charles Evans said the U.S. economy has improved quite a lot as the central bank maintains record stimulus.Mon, 20 May 2013 14:09:44 EDTThe California Public Employees Retirement System voted in favor of splitting Jamie Dimon's dual roles as chairman and chief executive officer ahead of JPMorgan Chase & Co.'s annual shareholder meeting tomorrow.Mon, 20 May 2013 13:53:50 EDTU.S. policymakers must address debt loads projected to rise later this decade to avoid a 2013 downgrade, even as the latest budget projections are credit positive, according to Moody's Investors Service.Mon, 20 May 2013 13:21:20 EDTFederal Reserve policymakers say they want to avoid a sudden increase in interest rates when the time comes to start unwinding record monetary easing.Mon, 20 May 2013 11:28:40 EDTThe U.S. Supreme Court ruled for utility PPL Corp. in its dispute with the U.S. Internal Revenue Service over credits the company claimed to offset overseas tax payments.Mon, 20 May 2013 09:38:09 EDTPacific Investment Management Co. is favoring local bonds in Brazil, Mexico and South Africa as emerging-market notes pay more than U.S. high-yield corporate debt for the first time in two years.Mon, 20 May 2013 09:23:25 EDTThe Securities Industry and Financial Markets Association named former Republican Senator Judd Gregg as its chief executive officer, the lobbying group said Monday.Mon, 20 May 2013 09:03:30 EDTSales of corporate bonds in the U.S. are surging toward the busiest May ever as borrowers race to the market before demand dries up with Bill Gross and Warren Buffett cautioning against buying debt at all-time low yields.Mon, 20 May 2013 07:47:42 EDTWhile the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday. We've made rich people richer..., Dallas Fed President Richard...Mon, 20 May 2013 07:18:18 EDTNew York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the Wall Street Journal reported.Mon, 20 May 2013 06:54:31 EDTGoldman Sachs Group Inc. is seeking to sell its remaining $1.1 billion stake in Industrial Commercial Bank of China Ltd., ending a seven-year investment in the world s largest lender by market value.The New York-based bank is offering its remaining shares in ICBC at...