The Senate Banking Committee is holding a hearing today on bank investments in things like warehouses and oil refineries, and commodities such as metals and oil.
It's been four years since Congress passed the Volcker Rule, a sweeping law aimed at fixing the financial system following its great collapse. But regulators still haven’t figured out how to implement it.
Goldman Sachs reported its latest business results on Tuesday. Profits — as measured by net income — hit $1.9 billion in the second quarter, twice the performance of the quarter before.
Canadian Mark Carney takes over running the Bank of England today. Carney looks good and has star power, but some wonder whether the current adulation will last.
In its annual report, the Bank for International Settlements in Basel, Switzerland, says central banks have done their part. Now it’s time for governments to do more.
The key stock index in Shanghai fell 5.3 percent today. The loss, the worst in 4 years, comes after China’s central bank froze lending between the country's financial institutions last week.
