Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve. ...more

November 13, 2009

Citigroup Inc. and Bank of America Corp. will need to raise more capital based on preliminary results of their government-run "stress tests" - unless they succeed in appealing the findings, according to two people familiar with the matter. ...more

April 29, 2009

The question was direct and prescient. Rep. Joseph Crowley, D-N.Y., asked the Treasury secretary in an open hearing what could be done to stop American International Group from paying $165 million in bonuses to hundreds of employees in the very unit that nearly destroyed the company. ...more

March 21, 2009

The Federal Reserve said Wednesday that it will deploy an additional $1.2 trillion to try to lower interest rates and stimulate the economy, an aggressive move aimed at containing the recession. ...more

March 19, 2009

The Federal Reserve on Wednesday downgraded its projections for the country's economic performance this year, predicting the economy will shrink and unemployment will rise. ...more

February 19, 2009

The Bush administration is pledging to do whatever it takes to battle a severe financial crisis that is threatening to push the country into a steep recession. ...more

October 22, 2008

The Federal Reserve on Tuesday introduced a program to finance the purchases of assets from money market mutual funds as the government continued to search for ways to battle a severe credit crisis. ...more

October 22, 2008

The Federal Reserve announced today a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy. ...more

October 7, 2008

With a foreclosure rescue bill facing an uncertain fate in Congress, federal regulators are putting the final touches on new rules designed to curb irresponsible mortgage lending and help some struggling homeowners refinance into more affordable loans. ...more

July 9, 2008

Rates on 30-year mortgages rose again this week, climbing to the highest level in more than nine months, reflecting more concerns about how the Federal Reserve will respond to higher inflation pressures. ...more

June 27, 2008