Economy - Most Recent


Banks are lending again

Dec 12, 2011
Between July to September of this year, bank credit lending was up 10 percent -- the highest rate since before the Lehman Brothers collapse in 2008.
Posted In: lending, Banks, interest rates, credit

The economy, then and now

Dec 9, 2011
Long-time L.A. Times financial columnist Tom Petruno shares what he has learned about economics and personal finance in his 30-plus years covering the markets.
Posted In: markets

Senate Republicans block Cordray nomination to CFPB

Dec 9, 2011
U.S. Senate Republicans blocked former Ohio attorney general Richard Cordray's appointment as director of the CFPB. The new bureau is a centerpiece in the Dodd-Frank financial reform law.
Posted In: Richard Cordray, CFPB, Consumer Financial Protection Bureau

Britain refuses to join in European treaty changes

Dec 9, 2011
An agreement among almost all of the European Union members was made in Brussels today, but Britain has decided to stay out of the plan, and insists that official EU institutions do as well.
Posted In: Europe debt crisis, david cameron, fiscal union, EU

Ex-Bank of England member: Central bank action an ominous sign

Dec 9, 2011
Markets breathed a sigh of relief last week as central banks around the world agreed to joint action to fight the European debt crisis. But according to someone on the front lines in 2008, this could mean things are worse than we know.
Posted In: European Central Bank, Bank of England, Europe debt crisis

Most euro leaders agree on plan for fiscal austerity

Dec 9, 2011
Britain and three other countries are out of the picture, but those remaining believe the new treaty will mean much more balanced budgets on the continent in the future.
Posted In: Europe debt crisis, fiscal union

Americans purchase more even as net worth shrinks

Dec 9, 2011
From July to September, American families purchased more, even as their net worth shrank faster than it has at any time since the worst of the financial crisis.
Posted In: consumer confidence, retail sales, consumer spending

PODCAST: A less-than-perfect (European) Union

Dec 9, 2011
European leaders meet in Brussels for yet another summit to determine the fate of the EU, and Britain has announced it won't sign off on any fiscal union. Another summit wraps up in South Africa today, as the UN concludes its climate talks. Richard Cordray was blocked by Senate Republicans from an appointment as head of the Consumer Financial Protection Bureau.
Posted In: Europe debt crisis, United Nations

Markets hoping that EU deal goes through as planned

Dec 9, 2011
The EU plan still has to be ratified, and if the deal collapses, it could hit everything from the stock markets to the job outlook for Americans.
Posted In: stock market, Europe debt crisis

Markets had European debt drama 'baked in'

Dec 9, 2011
European countries agree to a deal on balanced budgets and debt reduction. A unanimous vote wasn't reached, but the BBC's Andrew Walker says investors already had limited expectations.
Posted In: eurobond, Europe debt crisis, bonds, david cameron