News Topic: Economy

Given Jamie Dimon’s stature in banking, it’s unlikely that the longtime CEO's role on the advisory panel of a controversial president could tarnish JPMorgan Chase's reputation. But his involvement nonetheless carries an element of political risk. ... Read full article

For the first time in a decade, new owner households created in the first quarter were higher than the creation of renter households. ... Read full article

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone. ... Read full article

In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year. ... Read full article

Philadelphia Federal Reserve Bank President Patrick Harker sat down with American Banker to talk fintech, financial regulation and the economy. ... Read full article

The good news: SBA lending is going gangbusters and business owners are optimistic about growth prospects and their ability to access credit. The not-so-good news: Many firms are still not particularly interested in borrowing and startups are not the ... Read full article

The public-private effort, aimed at expansion-minded tech and other companies with proven track records, would be backed by the country’s six largest banks, insurance companies and regional lenders. ... Read full article

Federal Reserve Chair Janet Yellen appeared Tuesday before an uncommonly collegial hearing of the Senate Banking Committee, but the lack of outward drama masked the fact that lawmakers from both parties were using her testimony to lay the groundwork for a ... Read full article

The much discussed fiscal cliff about which will fall over (or not based on Congres ... Read full article

If there was a real "fiscal" Cliff, at least three-quarters (¾) of Congress would have been ... Read full article

If there was a real "fiscal" Cliff, at least three-quarters (¾) of Congress would have been ... Read full article

The much discussed fiscal cliff about which will fall over (or not based on Congres ... Read full article

Steven Pearlstein, a columnist for the Washington Post wrote about the "Global ... Read full article

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The latest news and business reports say that "the economy is improving. All economic indicators show..." If that is true, and not just hype, as the commercial for a credit card asks, "What do you have in your wallet?" ... Read full article

Rep Randy Neugebauer, Chairman, House Financial Services Oversight Subcommittee, said it is time for the government to admit its foreclosure prevention efforts are a failure and should be shut down. ... Read full article

There used to be a TV show, weekly, called appropriately "THAT WAS THE WEEK THAT WAS". It provided a satirical review of the weeks happenings - especially politics. Kind of like a fast paced, hit-a-run version of John Stewart. ... Read full article

The latest GDP figures released this morning by the Office of National Statistics show a contraction of the UK's economy for the last quarter of 2010 by 0.5%.This is despite forecasters expecting growth of between 0.2%-0.6%. ... Read full article