national-regional

New York Times

Tellers have become a serious threat to bank security, according to law enforcement and prosecutors. Because teller jobs offer low pay and are not as important as they used to be, due in large part to mobile banking, the positions are sometimes attracting workers with criminal intent, according to an article in the New York Times. The job provides unusually direct access to customers' personal details. Rich and elderly customers are most at...

Wall Street Journal

Equity analysts and economists have had a hard time predicting where the price of oil is heading. JPMorgan Chase's analysts have cut price forecasts twice in two months, with the latest prediction for Brent an average $31.50 per barrel in 2016. Previous estimates from JPMorgan were $51.50 back on Dec. 18, and $54.75 in October. Analysts from Credit Suisse Group and Citigroup have also repeatedly lowered their estimates to keep up with the...

Receiving Wide Coverage ...

Fed Holds Steady: In its first meeting of 2016, the Federal Open Market Committee chose to keep interest rates the same, as expected, but the central bank did not rule out future increases. The FOMC post-meeting statement conveyed concerns about global growth and the state of financial markets. To some observers, that indicates the Fed's view of the economy has worsened since it hiked rates in December, according to the New York...

Receiving Wide Coverage ... AIG's Restructuring Examined: American Insurance Group released its plans Tuesday for a corporate restructuring aimed at appeasing restless investors, but already critics have begun to poke holes in the plan. The insurer plans to separate its company into nine units that can be spun off at any time. It plans an initial public offering for its mortgage insurance unit and decided to create a legacy portfolio for non-strategic assets in a mannerÂ...

Receiving Wide Coverage ...

Did the Fed Mess Up?: To put it mildly, it's been a rough few weeks for equity markets and the global economy. Slides in corporate profits, stocks, commodities and even industrial production have left some invoking the "R" word: recession. Others are kinder – merely arguing we're entering a bear market after a very extended bull run. But, as discussions of what caused the market and economic downturns stir, one common cause...