Search Results for: Fed
The Earned Income Tax Credit
May 26th, 2015
The single largest federal program for providing cash assistance to those with low incomes is the Earned Income Tax Credit, which in 2014 reduced taxes owed by the working poor by about $3.6 billion while transferring to those households ...
Bank of Israel leaves June interest rate unchanged
May 26th, 2015
The Bank of Israel has left the rate unchanged at an historic low of 0.1% for the third consecutive month. The Bank of Israel Monetary Committee headed by Governor Dr. Karnit Flug has kept the interest rate for June unchanged at ...
Asian shares turn higher as China rallies, dollar up
May 26th, 2015
Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. European shares marked a weak finish in ...
It Is Mathematically Impossible To Pay Off All Of Our Debt
May 25th, 2015
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 ...
Swiss Bankers Respond To Privacy Initiative
May 25th, 2015
The Swiss Bankers Association (SBA) has published a new report on the “Yes to the protection of privacy” initiative, which criticizes plans to enshrine bank-client confidentiality in the federal constitution. The “Yes to the protection of privacy” initiative was ...
ICAP e-Commerce launches US Agency Securities matching engine
May 25th, 2015
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announced that ICAP Global Broking’s e-Commerce, the hybrid execution business of ICAP, has launched an US Agency Securities matching engine powered by ...
Why Oil’s Rally Is Over
May 22nd, 2015
A lot of people have got very excited as the price of WTI has bounced back from the lows reached a few months ago. If oil fails to break and hold above $62 this time around, however, their enthusiasm ...
BNY Mellon to pay $180 million to settle foreign exchange lawsuit
May 22nd, 2015
Bank of New York Mellon Corp will pay $180 million to settle a foreign exchange-related putative class action lawsuit, the bank said in a regulatory filing on Thursday. The world’s No.1 custody bank expects to record a pretax charge ...
Bank Regulations Increasing Capital Requirements by $2 Trillion in Europe, U.S.
May 22nd, 2015
FICO has found cumulative capital requirements among banks in Europe and the United States are on pace to increase more than $2 trillion from pre-financial-crisis levels due to new regulations. That finding is included in a report on the global banking sector ...
Dollar eases after U.S. data disappoints, awaits Yellen
May 22nd, 2015
* Dollar index hovers below recent 2-week high * For the week, dollar index up more than 2 pct * BOJ keeps policy unchanged as expected * Caution reigns ahead of Kuroda, Yellen comments (Updates prices, adds comments) The ...
