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Tag Archives: bank

Jury finds for defense after 8-week trial

Eight weeks of trying to convince a jury that one of the country’s largest banks wiped out a start-up credit card processing company came to nothing on Wednesday. Following a complex trial that began in late January, the Jackson County ...

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Obama becomes banker-in-chief in credit market freeze

The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress ...

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Treasury demands banks with TARP funds report lending

The U.S. Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government’s $700 billion rescue program. Neel Kashkari, the official who administers the Troubled Asset Relief Program, wrote to ...

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Fed focuses on consumer, corporate loan rate spreads

Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending. Credit costs for households and businesses haven’t followed ...

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