Bank News

The Fed's decision to lend U.S. taxpayer money to foreign banks will likely ignite the Tea Party.

Ireland's finance minister says U.S. Treasury Chief Timothy Geithner suggested his European counterparts give their bailout fund more firing power by allowing it to draw on money from the European Central Bank.

The Fed?s decision to lend U.S. taxpayer money to foreign banks will likely ignite the Tea Party.

Worried about the continuing threat the European debt crisis poses to the global economy, the U.S. Federal Reserve stepped up Thursday, joining other central banks in an effort to boost dollar liquidity ...

* Shilling's firmness expected to be gradual * C.bank seen taking more action to support shilling * Interbank rate extends fall, discount rate unchanged * Stocks gain the most in more than two weeks ...

U.S. financial stocks rose modestly in quiet trading on Friday with all four Dow sector stocks, Bank of America Corp. , J.P. Morgan Chase & Co. , American Express Co. and Travelers Cos.

First Resource Bank announced it received a $5.1 million preferred stock investment from the U.S. Department of the Treasury as part of the Small Business Lending Fund. The proceeds of this investment were used to redeem all preferred stock previously issued under the Department of the Treasury's TARP Capital Purchase Plan.

A new book offering an insider's account of the White House's response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks.

Esther George, the bank?s second in command, will succeed Thomas Hoenig, who was the Fed?s longest-serving regional bank president.

Europe must take immediate and decisive action to safeguard its banking system, while the U.S. economy is at stall speed and needs a dose of fiscal stimulus, top bankers and investors said on Thursday.

* Central banks offer dollar liquidity to European lenders * Banks among day's leaders alongside industrials * Indexes up: Dow 1.7 pct, S&P 1.7 pct, Nasdaq 1.3 pct * For up-to-the-minute market news ...

* Central banks offer dollar liquidity to European lenders * Banks among day's leaders alongside industrials * Indexes up: Dow 1.7 pct, S&P 1.7 pct, Nasdaq 1.3 pct * For up-to-the-minute market news ...

* Long-time bank supervisor takes reins at KC Fed * George acted in 2009 as top Fed system bank supervisor * George, 53, holds an MBA (Adds details, background, context) By Mark Felsenthal WASHINGTON, ...

Five of the world's most important central banks teamed up to provide U.S. dollar liquidity, particularly for European banks facing a shortage of dollars, in what amounts to a liquidity bailout.

* Central banks' action eases euro zone debt worries * U.S. Fed seen acting soon after weak economic data * Coming up: Reuters/UMich Sept consumer sentiment, Friday NEW YORK, Sept 15 (Reuters) - U.S. ...

NEW YORK, Sept 15 (Reuters) - U.S. stocks rose for a fourthday on Thursday as coordinated central bank action calmed fearsthat Europe's financial sector was headed for a credit freezedue to the region's ...

NEW YORK, Sept 15 (Reuters) - The U.S. Federal Reserve didnot provide any liquidity to foreign central banks in thelatest week, the New York Fed said on Thursday. No foreign institutions tapped the central ...

* Central banks offer liquidity to European lenders * Banks among day's leaders alongside industrials * Indexes up: Dow 1.3 pct, S&P 1.3 pct, Nasdaq 1.1 pct * For up-to-the-minute market news see [STXNEWS/US] ...

U.S. stocks gathered momentum in afternoon trading Thursday, pushing towards highs of the session, as the major indexes got a lift from banks and economic-growth bellwethers such as General Electric Co. after global central banks unveiled a coordinated action to boost dollar liquidity.

* Central banks offer liquidity to European lenders * Bank among day's leaders, but UBS ADRs tumble * Jobless claims unexpectedly increase in latest week * Indexes up: Dow 1.2 pct, S&P 1.1 pct, Nasdaq ...